APM Terminais

APM Terminals acquire 50% shareholding in Teconvi, Itajaí
The Hague, Netherlands  31st May 2005

APM Terminals is pleased to announce it has acquired a 50% shareholding in Terminal de Contêineres do Vale do Itajaí S/A (Teconvi) in Itajai, Southern Brazil. Our partner in the terminal is Cattalini Terminais Marítimos Ltda.

Teconvi operates at both the concession area and the public berths in Itajaí. Total available berth length is currently 740 meters. Containers are handled by two mobile harbor cranes and by ships own gear. A third mobile crane will be delivered in August 2005.

Teconvi plans with substantial expansion to cater for the continued high growth of the export market in Santa Catarina. The plans include construction of a new berth suitable for gantry cranes, reinforcement of the existing quay and expansion of the yard area.

The developments will bring Teconvis annual handling capacity in excess of 1 million TEU.

Kim Fejfer, Chief Executive Officer of APM Terminals says:
We are pleased to have completed the shareholding in Teconvi. Together with our partners we will develop the terminal. We will expand the capacity and we will combine APM Terminals global experience with our partners local expertise to further improve the value Teconvi adds to business in Santa Catarina.

Background
APM Terminals, with corporate headquarters in The Hague, Netherlands, is a leading global container terminal owner and operator with operations at over 35 terminals. The facilities generated a throughput of 20.6 million TEU in 2004, and services about 60 leading container shipping lines.

APM Terminals is part of the A.P. Moller - Maersk Group, whose headquarters are in Copenhagen, Denmark. The group has more than 60,000 employees and offices in more than 125 countries around the world. In addition to container terminals, the group is involved in shipping, logistics and aviation, shipbuilding, industry, exploration for and production of oil and gas and retailing.


Websites
Teconvi www.teconvi.com
APM Terminals www.apmterminals.com
The A.P. Moller  Maersk Group www.maersk.com