China Shipping Terminal takes stake in APM Terminals Zeebrugge

Shanghai, China - March 2013

• MOU signed confirming interest in 24% share;
• APM Terminals to remain majority owner, with SIPG at 25%.

On March 8, 2013 China Shipping Terminal signed a Memorandum of Understanding with APM Terminals, stating the intention of purchasing a 24% share of APM Terminals Zeebrugge. The transaction is scheduled to be finalized by the end of June 2013.

APM Terminals currently holds a 75% majority share in APM Terminals Zeebrugge N.V., with the Shanghai International Port Group (SIPG) having acquired a 25% share in the facility in 2010.

Shanghai-based China Shipping Container Li nes, established by the China Shipping Group in 1997, is now the world’s 9th -largest shipping company, with 141 vessels, representing an overall capacity of 572,000 TEUs. China Shipping Terminal Development has holdings in 13 port facilities in mainland China, as well as shares in terminals in the ports of Los Angeles and Seattle in the US A, and Damietta, Egypt. Total throughput, measured by equity share for China Shippi ng Terminal was 7.8 million TEUs in 2011.

“We are very proud that China Shipping Term inal demonstrates so much confidence in our operations” said APM Terminals Zeebrugg e Managing Director, Mark Geilenkirchen, adding “this will certainly lead to a stronger position for our terminal in the Le Havre- Hamburg range”.

The Port of Zeebrugge is the 5th-busiest in the North Europe port range, with approximately 2.2 million TEUs handled in 2012, and is situated at the delta of the Rhine, Scheldt and Meuse Rivers. APM Terminals Zeebrugge is ideally located on the main shipping routes in Northwestern Europe with a natural deep draft which can accommodate the latest-generation ultra-large container vessels. Well-established intermodal connections, including rail acce ss to Belgian and other European highway systems serve interior European points. Zeeb rugge’s central location also makes it a natural transshipment port for the UK, Ireland, Scandinavia and Baltic region. APM Terminals Zeebrugge’s throughput in 2012 was 380,000 TEUs.

APM Terminals – providing the port and inland infrastructure to lift global trade
APM Terminals’ Global Terminal Network of ports and inland services provide the infrastructure for the growth of internatio nal trade, 90% of which travels by sea.

International commerce is an economic growth engine, crea ting jobs, lifting economies and improving people’s lives around the world. With world headquarters in The Hague, Nether lands, the company’s core expertise is the design, construction, management and operatio n of ports, terminals and inland services, operating a Global Terminal Network of 23,000 employees in 68 countries including interests in 70 port and terminal facilities and over 170 Inland Services operations. APM Terminals was named both “Port Operator of the Year” at the Lloyd’s List 2012 Global Awards and “International Terminal Operator of the Year” for 2012 by Containerisation International.

APM Terminals press release