APM Terminals to sell Charleston stevedoring unit to SSA Cooper

APM Terminals announced today that it will sell its Charleston, S.C., stevedoring business to SSA Cooper in order to refocus on the company´s prime business.

“We are proud of the role Charleston has played in our company’s history,” Jack Craig, APM Terminals senior vice president, said. “Our talented people, service capabilities and operational performance make it a perfect fit with SSA Cooper. Equally important, we have enjoyed the support of our customers and excellent relations with Jim Newsome and the South Carolina Ports Authority leadership through the years and Senator Larry Grooms, chair of the Senate Transportation Committee.”

The amount for which APM will sell the Charleston business was not disclosed.

The long-term strategy of APM Terminals is to optimize the company’s portfolio and simplify business activities that are not a part of the company´s core business.

APM Terminals operates seven container terminals in Elizabeth, New Jersey; Jacksonville, Florida; Miami, Florida; Mobile, Alabama; Houston, Texas; Los Angeles, California; and Tacoma, Washington.

APM Terminals designs, builds and operates port and terminal facilities, as well as provides cargo to Inland Services for cargo transportation between port facilities and inland locations. APM has a global terminal network of 20,600 professionals and 200 port and inland services operations in 58 countries.

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