APM Terminals Acquires 37.5% Stake in DP World’s Southern Container Terminal at Jeddah Islamic Port
Jeddah, Saudi Arabia – In a significant move for Red Sea container shipping, APM Terminals, the independent port operating subsidiary of A.P. Moller–Maersk, has acquired a 37.5% minority stake in the Southern Container Terminal (SCT) at Jeddah Islamic Port. DP World will retain a 62.5% majority shareholding and continue to lead day-to-day operations at the […]