APM Terminals seals $1bn ports deal in India

Maersk’s port operating arm, APM Terminals, has signed a memorandum of understanding with India’s Andhra Pradesh Maritime Board to invest 9,000 crore (around $1.1bn) in the development of three key ports in the state. The agreement, inked in the presence of chief minister N Chandrababu Naidu, covers the upgrading of the Ramayapatnam, Machilipatnam and Mulapeta …

splash247