News / The only way is up as APMT keeps faith with box terminal operator Global Ports

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Strategic stakes in operating subsidiaries can bring large paper losses, but the economics of such tie-ups carry little significance at times. That is the case for APM Terminals’ co-controlling stake in Global Ports, the largest container terminal operator in Eastern Europe.

As everybody in the industry knows, the Global Ports investment is under water. The unrealised paper loss for APM Terminals – one of the five core divisions of AP Møller-Maersk, which owns roughly one third of Global Ports’ shares outstanding ...