APM Terminals reports strong performance in Q1 2018

APM Terminals won a total of 13 new contracts while four contracts were terminated during Q1 2018 with a positive net volume impact of 0.5m moves or approximately 3% increase versus Q1 2017.

The financial strong performance was driven by a volume growth on an equity-weighted basis of 9.3%, like-for-like 6.9%, of which volume growth with external customers was 5.7% while growth with Ocean was 9.8%. Estimated global port throughput growth was 4.6% (Drewry). Divestment of 5% shareholding in the Paranagua terminal, Brazil was completed with a gain of USD 11m.

Full details available in the Maersk Q1 results segment review (pdf)