Bruce Barnard, Special Correspondent | Jun 13, 2012 2:18PM EDT
APM Terminals, the global ports operator, is set to unveil an investment of more than $500 million in a new container terminal in China, according to a Reuters report.
Further information about the terminal and its location will be revealed on Friday during Chinese president Hu Jintao’s visit to Denmark, according to a spokesman for Copenhagen-based A.P. Moller-Maersk, APM Terminals parent company.
“We expect to sign a deal regarding an investment of over 3 billion [Danish] crowns in a new port in China,” Reuters quoted Michael Storgaard as saying on TV2 News.
Contact Bruce Barnard at brucebarnard47@hotmail.com.