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Valencia Investment
The Port Authority of Valencia has announced plans to invest €23 million ($24.6 million) as part of its 2017-2020 business plan to enable the leading Mediterranean port’s container operations to accommodate vessels of up to 18,000 TEU capacity with berth upgrades, and dredging to a depth of 18 meters. The Spanish port complex includes facilities in Valencia, Sagunto and Gandía, and is the 5th-busiest container port in Europe, with three container terminals in operation, including APM Terminals Valencia. The port is a center of economic activity with an area of influence within a 350 km (220 mile) radius generating half of Spanish GDP, and including half of the Spanish workforce.
APM Terminals acquired TCV Stevedoring Company in March 2016 as part of the acquisition of the Grup Maritim TCB terminal portfolio, rebranding the facility, with an annual container throughput capacity of 1.4 million TEUS, as APM Terminals Valencia in July 2016.
APM Terminals acquired TCV Stevedoring Company in March 2016 as part of the acquisition of the Grup Maritim TCB terminal portfolio, rebranding the facility, with an annual container throughput capacity of 1.4 million TEUS, as APM Terminals Valencia in July 2016.