News / APM Terminals' Aqaba operating concession extended to 2046

Photo: APM Terminals

The Jordanian government has agreed to extend APM Terminal’s concession agreement at its key container gateway of Aqaba by a more than a decade.

The Maersk-owned port operating unit’s concession to manage Aqaba Container Terminal (ACT) now runs until 2046.

APM Terminals chief executive Keith Svendsen explained that the concession extension came on the back of a new $242m investment package drawn up by the terminal operator “aimed at, among other things, reducing emissions and reaching net zero by 2040”.

“The extension of ...