Monday, May 4, 2009

A.P.Moller-Maersk joins Bollore in Congo port deal

May 1 (Reuters) - APM Terminals, the port franchise of Danish oil and shipping conglomerate A.P.Moller-Maersk (MAERSKb.CO), said it would team up with French Bollore Group (BOLL.PA) to build a new deepwater container terminal in the Republic of Congo.

"APM Terminals will be a minority shareholder in the Congo Terminal which achieves our goal of participating in the market growth of the Congo and Central Africa," Klaus Sejling, vice president of APM Terminals Global Business Development, said in a statement on Friday.

Bollore Group signed a 570 million euro ($759 million) 27-year consession agreement with the Congoleese government last December on the deepwater facility, APM Terminals said.

Plans include a new container terminal to handle vessels carrying up to 7,000 TEU container units, and to double annual throughput from 300,000 TEU containers.

A.P.Moller-Maersk earlier on Friday said it was talking to potential interested parties on transactions regarding its cargoferry operator Norfolkline.