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  • 2019 August 12 11:03

    APM Terminals Yucatan to expand and modernise Progreso terminal

    APM Terminals Yucatán, operator of the Port of Progreso, Mexico, has announced a significant investment to expand and modernize the Progreso container terminal, supporting trade growth and economic development in the Yucatan peninsula.

    The terminal has seen tremendous growth, having doubled its volumes from 80,000 to 140,000 TEUs throughput over the last two years, as the region’s economic activities expand. This year alone the terminal expects 20-35% further growth in volume.

    The terminal provides the region with unparalleled connectivity through 5 vessels a week, including direct connections with the US and Europe. To continue to facilitate this trade growth, APM Terminals has committed to investing in the terminal to meet the evolving needs of importers/exporters in the region and shipping lines.

    The modernization, which will represent an important investment by APM Terminals, will include

     A 20% expansion of the yard capacity, representing an investment of USD 714,000
     Acquisition of two new reach stackers to improve operational productivity. The terminal has already taken delivery of one.
     Software optimization and launch of a digital client portal to streamline transactional efficiency.

    By investing further in the terminal, APM Terminals is driving economic development for the region and career opportunities for the local population. The terminal employs 82 direct staff and generates approximately 1,000 indirect jobs across the logistics chain.




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2022 January 21

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2022 January 20

18:35 EuroDry announces agreement to acquire a 2014-built Supramax bulker