APM Terminals, Terminal Link and the Alabama State Port Authority Celebrate the Opening the Mobile Container Terminal

Newest Gulf Coast gateway provides access to all possible trade routes to and from the Port of Mobile.

November 6, 2008

(Mobile, Ala.)- Today, the Mobile Container Terminal LLC (MCT), a joint venture between APM Terminals, Terminal Link, a division of CMA CGM, and the Alabama State Port Authority marks the official opening of its new, state-of-the-art Gulf Coast gateway to global trade options. MCT will provide terminal customers with access to global networks covering all possible trade routes to and from the Port of Mobile.

At the intersection of five Class 1 Railroads, immediate access to Interstates 10 and 65, and located 30 miles from open ocean, MCT offers an enhanced option in the US Gulf for reaching Midwest markets, as well as Alabama and neighboring states. MCT, operated and managed by APM Terminals, has a start up capacity of more than 350,000 twenty-foot equivalent units (TEU) and will be developed in phases at a full build out capacity of 800,000 TEU annually.

“This world-class facility is poised to meet current and future shipping demand in the US Gulf Coast and is a testament to the combined strength of APM Terminals, Terminal Link and the Alabama State Port Authority,” said Eric Sisco, President of APM Terminals Americas. “It is a win for the partners, the city, the state, the Gulf Coast region and the industry as a whole.”

"We are excited about the opening of the state-of-the art Mobile Container Terminal as it provides a cost effective alternative for our customers to reach new market opportunities through the Gulf Coast gateway," commented Frank J. Baragona, President of CMA CGM (America) LLC. “The experience of our partners, Alabama State Port Authority, APM Terminals, and CMA CGM's operating subsidiary, Terminal Link, will deliver a world class-operation to support the continued growth and expansion in this region.”

The overall project includes a separate intermodal rail transfer facility and modern distribution complex and represents a total investment of approximately $300 million. Currently, MCT employs over 300 and is poised to create over 1,300 jobs at final build out. During this time, MCT will generate $2.6 million in annual tax revenue for the area.

About APM Terminals
APM Terminals, with corporate headquarters in The Hague, Netherlands, is one of the world’s leading global container terminal owners and operators, with a Global Terminal Network of more than 50 terminals in 31 countries and five continents, serving more than 60 container shipping lines around the world. APM Terminals Americas is the largest terminal operating company in North America and has more than 30 years’ experience in providing shipping lines with effective, efficient operation and management of container terminals, as well as stevedoring service and terminal design and development.

About CMA CGM
Led by its founder Jacques R. Saadé, CMA CGM is currently the world’s third largest container shipping Group and is ranked number one in France. Operating a fleet of 377 vessels, including 101 company-owned, the Group serves 400 ports around the world. In 2007, it carried more than seven millions TEUs (twenty-foot equivalent units). With a presence on all continents and in 150 countries through its network of 600 agencies, the Group employs 16,000 people worldwide, including 4,200 in France.

About ASPA
The Alabama State Port Authority, headquartered in Mobile, Alabama, owns and operates the State of Alabama’s deepwater port facilities at the Port of Mobile. The Port Authority directly employs 700 workers and its public facilities handled over 28 million tons of cargo in fiscal year 2008. The Port Authority’s container, general cargo and bulk facilities have immediate access to two interstate systems, five Class 1 railroads, a four day rail ferry service to Mexico, and nearly 15,000 miles of inland waterway connections. Learn more at www.asdd.com.

APM Terminals