APM Terminals Virginia
In 2010, the VPA entered into a 20-year lease agreement with Netherlands-based APM Terminals, a global port, terminal and Inland Services operator which is an independent business unit of Danish A.P. Moller-Maersk Group that effectively gives the agency control over all operations at APM Terminals Virginia. Highly automated, the $450 million terminal in Portsmouth located on a 291-acre (1.18 km2) site was the largest investment in a company-owned container terminal in the nation when opened by APM Terminals in 2007. The addition of APM Terminals Virginia terminal meant that all the marine cargo container terminals in the Hampton Roads harbor became united under the VPA's management as of July, 2010.
Read more about this topic: Virginia Port Authority
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