APM Terminals, the ports arm of AP Moller–Maersk, is leading a joint venture to develop, own and operate a new development at Shenzhen in China.
It will team up on the CNY 7.3bn ($958m) Dachan Bay Phase 2 Container Terminal with the Shenzhen Dachan Bay Port Investment and Development Co (SDBPIDC) and China Merchants Holdings (International) Company.
Shenzhen handled 18m teu last year and is expected to reach 20m teu in 2007.
APM
