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APM Terminals Tacoma In Dire Straits as Matson Pulls Out

APM Terminals Tacoma In Dire Straits as Matson Pulls Out
APM Terminals’ operations in Tacoma are likely to cease by the end of this year after Matson, Inc., its main customer, announced that it does not intend to renew its current terminal services agreement after its expiration on December 31, 2017.

Accordingly, APM Terminals is evaluating all options with respect to its existing terminal lease, which is currently set to expire on December 31, 2017.

The terminal, with 12 employees, became part of the Maersk Group portfolio with the acquisition of US-based Sea-Land Service by Maersk Line in 2000.

The 600,000 TEU annual throughput capacity facility was used primarily by the Matson Alaska Service, with twice-weekly sailings between Tacoma, Anchorage and Kodiak, and a weekly service between Tacoma and Dutch Harbor, handling approximately 190,000 TEUs in 2016.

“We are proud of the service we have been able to provide to the Port of Tacoma and the Seaport Alliance, and of the recognition APM Terminals Tacoma has consistently received by the Pacific Maritime Association for Safety Performance,” said APM Terminals North America President, Wim Lagaay.

APM Terminals’ US portfolio includes operations at APM Terminals Pier 400 Los Angeles, the largest proprietary terminal in North America; APM Terminals Port Elizabeth, at the Port of New York & New Jersey; APM Terminals Mobile, Alabama; and a 49% share in the South Florida Container Terminal, at the Port of Miami, Florida.

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