may need to be rewritten . please discuss this issue on the article s talk page . use the lead layout guide to ensure the section follows wikipedia s norms and to be inclusive of all essential details . january 2016 learn how and when to remove this template message apm terminals type private industry container terminals port management founded 2001 headquarters the hague netherlands area served worldwide key people kim fejfer ceo revenue us 4.24 billion 2015 owner maersk group . number of employees 20 600 2015 website apmterminals.com kim fejfer the ceo of apm terminals apm terminals is an international container terminal operating company headquartered in the hague netherlands . it is one of the world s largest port and terminal operators as well as providing cargo support and container inland services and is the largest port and terminal operating company in terms of overall geographic scope . 1 it operates a global terminal network with interests in 72 operating port and terminal facilities in 38 countries on five continents with seven new port projects in development as well as 140 inland services operations providing container transportation management maintenance and repair in 39 countries for an overall global presence of 69 countries . 2 ceo kim fejfer was appointed to the executive board of the a.p. moller maersk group the parent company of apm terminals in january 2011 . apm terminals generated profit of usd 654 million in 2015 with a return on invested capital roic of 10.9 % which reflected in part lower volumes of containerized traffic in such markets as west africa russia and brazil . the number of containers handled by apm terminals weighted by apm terminals ownership interest decreased by 6.0 % compared with 2014 to 36 million teus . the decrease was mainly due to the divestment of operations in charleston south carolina ; jacksonville florida ; and houston texas in the usa and the company s one third share of the medcenter container terminal in gioia tauro italy ; in 2014 apm terminals also trimmed holdings in portsmouth virginia usa and le havre france . excluding these divestments like for like volumes decreased by 1.1 % for the year while overall global container throughput grew by 1.3 % . the continuing expansion of the apm terminals global terminal network however was accelerated through the several significant acquisitions and new projects won . apm terminals agreed to acquire 100 % of the shares in grup mar tim tcb tcb the leading spanish container terminal operator with terminals located in spain colombia brazil mexico guatemala and turkey . when the transaction is fully completed apm terminals global terminal network will expand to 77 terminals in 38 countries across five continents and with additional eight terminals in development . the 11 acquired tcb terminals including a facility in guatemala scheduled to open in early 2016 will add an additional 4.3 million teus of capacity and 3.5 million teus in estimated annual container volumes 2.6 million teus of additional throughput when weighted equity share . the acquisition has an implied enterprise value of usd 1.1 billion with additional capital investments of usd 400 million over the next five years . apm terminals also concluded an agreement in 2015 to invest approximately usd 800 million in a new container terminal associated roadway infrastructure adjacent to our existing facility in tema ghana representing 3.5 million teus in new annual throughput capacity for the creation of a new deep water hub in west africa . other investments finalized in 2015 were a 20 % share of a bulk grain terminal in qingdao china ; a 51 % majority share in a multi purpose terminal in cartagena colombia and a refrigerated cargo terminal in vado italy along with ongoing expansion and upgrades of existing facilities across the portfolio . newly completed projects expected to begin operations in 2016 include the 1.5 million teu annual capacity deep water apm terminals izmir in turkey on the aegean sea and phase i of the semi automated l zaro c rdenas terminal 2 tec2 deep water facility on mexico s pacific coast with an initial annual throughput capacity of 1.2 million teus . in april 2015 the world s first fully automated container terminal apm terminals rotterdam maasvlakte ii was officially opened . the new terminal was named innovation of the year by containerisation international and apm terminals was named port operator of the year at the 2015 lloyd s list global awards ceremony . many of the innovative systems and technologies applied at apm terminals rotterdam maasvlakte ii will also be utilized at apm terminals l zaro c rdenas . the terminal currently under construction in mexico s second busiest container port is expected to open late 2016 . the tec2 facility will be the first automated container terminal in latin america and will feature fully automated electric yard stacking cranes and shuttle carriers will be used for transport between the yard cranes and the ship to shore sts cranes . financial performance apm terminals earned a profit of usd 654 million usd 900 million and an roic of 10.9 % 14.7 % with an underlying profit of usd 626 million usd 849 million in 2015 . lower global oil prices resulted in a sharp decline in import volumes into oil producing countries in west africa russia and brazil . along with divestments in 2014 this caused revenue to decrease by 4.8 % and the ebitda margin to decrease by 2.7 % compared with 2014 22.7 % . operating business generated a profit of usd 696 million while projects under implementation represented a deficit of usd 42 million stemming from their upstart costs . results in 2014 were was positively impacted by net divestment gains after tax of usd 232 million and negatively affected by impairments of usd 181 million related to european activities of which usd 154 million was related to joint venture companies . the result for 2015 does not include any impairment but includes net divestment gains of usd 10 million and positive impact from reversed impairments of usd 14 million . global market conditions have had an unfavourable effect upon container volumes and rates in several key terminals . specifically major operations in oil dependent markets have declined significantly compared with 2014 container volumes . partly mitigating this performance in apm terminals north american businesses has increased compared to 2014 mainly due to increased volume and storage income ; in 2015 apm terminals was also named lloyd s list north american maritime awards port operator of the year . apm terminals revenue improvement and cost saving initiatives continue to be aggressively pursued across the global portfolio and have delivered approximately usd 200 million to the bottom line though adverse market conditions were only partly mitigated . the acquisition of the grup maritim tcb portfolio will initially produce a negative impact on roic of just over one percentage point due to the increased asset base and the amortisation of terminal rights . the grup maritim tcb acquisition has an implied enterprise value of usd 1.1 billion with additional capital expenditure investments of usd 400 million over the next five years . subject to regulatory approvals the transaction is expected to be completed in q1 2016 . the share of profit in joint ventures and associated companies increased to usd 199 million usd 79 million mainly caused by the usd 154 million impairments in joint venture companies in 2014 . the effective tax rate excluding profits from jv s and associates increased to 26 % 23 % as certain tax incentives have expired since last year . cash flow from operating activities was usd 874 million usd 925m and cash flow used for capital expenditure was usd 774 million positive usd 2 million . apm terminals has completed the 1 billion acquisition of spanish based grup maritim tcb s port and rail interests . the acquisition will add 8 terminals with a combined 2 million teu equity weighted volumes to the apm terminals global terminal network . the acquisition complements apm terminals current portfolio adding 7 % throughput capacity in key locations including major spanish container terminal concessions in barcelona and valencia as well as castellon on the mediterranean coast and gijon on the bay of biscay . outside of spain the new terminal operations include yucat n mexico ; quetzal guatemala under construction opening 2016 ; buenaventura colombia on the pacific coast ; and paranagua brazil . apm terminals will invest an estimated 400 million over the next five years in upgrades and expansion to these operations . apm terminals is awaiting the final approvals for the acquisition of grup maritim tcb facility in izmir turkey . because of the corporate structure of grup maritim tcb the izmir terminal and two terminals in the canary islands were not included the initial transaction completed on march 9 . the remaining assets constitute less than 5 % of the value of the acquisition . 3 contents 1 history 2 business operations 3 recent awards 4 current new terminal development or existing facility expansion projects include 5 sustainability 6 see also 7 references 8 external links history edit the company s history in terminal operations began a half century ago with the first a.p. moller facility which opened in brooklyn in the port of new york in 1958 to handle general cargoes . in 1975 the group established the port authority of new york and new jersey s first dedicated container terminal at berth 51 at port elizabeth new jersey . apm terminals was established as an independent terminal operating company within the copenhagen denmark based maersk group in 2001 . in 2004 apm terminals moved its headquarters to the hague netherlands . today the company provides services to more than 60 shipping lines with an integrated global port terminal and inland services network with interests in 72 operating port facilities with eight in development and 140 cargo support service operations representing a global presence in 69 countries on five continents . business operations edit in march 2016 apm terminals completed the 1 billion acquisition of spanish based grup maritim tcb s port and rail interests . the acquisition will add 8 terminals with a combined 2 million teu equity weighted volumes to the apm terminals global terminal network expanding the portfolio to 72 operating ports across 69 countries . meridian port services a joint venture between apm terminals bollor africa logistics and the ghana ports and harbour authority have formalized an agreement invest usd 1.5 billion in new deep water 3.5 million teu port and logistics hub in tema ghana . sogester namibe an apm terminals joint venture signed a 20 year concession to operate maintain and develop the port of namibe in southern angola in may 2014 . sogester container terminal has been operating at luanda the primary port of angola since 2007 . global ports investments russia s largest terminal operating company in which apm terminals holds a co controlling share completed the acquisition of ncc russia s second largest terminal operating company in december 2013 . in february 2013 apm terminals and turkish based petkim announced the finalization of plans to develop apm terminals izmir near the port of izmir turkey . the 15.5 meter deep facility is scheduled to open in 2015 under a 28 year concession with an initial annual throughput capacity of 1.5 million teus . recent awards edit 2016 ichca international safety innovation award apm terminals buenos aires operator of the terminal 4 facility in argentina s primary port was named winner of the first annual innovation in safety award by ichca international the independent organization dedicated to improving the safety productivity and efficiency of cargo handling and transportation . 2015 lloyd s list north american maritime port operator award apm terminals was named winner of the 2015 port operator award at the lloyd s list north american maritime awards in houston texas . containerisation