Hanjin Absorbs APM Docks at Kaohsiung

Hanjin Pacific agreed to take over APM Terminals facilities at Piers 76 and 77 in Taiwan's Port of Kaohsiung and combine them into Hanjin's operations at Pier 78, the companies said.

Hanjin will take over management and operations of the consolidated facilities May 7. The additional wharves will double the carrier's capacity at Kaohsiung and provide more capacity to handle additional business, said G.S. Choi, CEO of Hanjin Pacific and executive vice president and chief executive of the terminal business unit of Hanjin Shipping.

Martin Gaard Christiansen, chief executive officer for APM Terminals' Asia Pacific region, said the transfer is part of the company's effort to optimize its global terminal network. He said combining the Kaohsiung facilities will complement Hanjin's existing operation and "satisfy the port master plan to better integrate Kaohsiung terminal facilities."

Contact Joseph Bonney at jbonney@joc.com.