APM Terminals, as an independent division of the AP Moller–Maersk group, has a track record of over 50 years in the port industry. In 2024, the company handled more than 27,000 vessels and recorded 23.2 million annual movements at its hub and gateway terminals, supported by a workforce of approximately 33,000 employees, solidifying its position as a global benchmark for efficiency and operational excellence. Following the recent announcement by President José Raúl Mulino regarding the future of operations at the Balboa port terminal on the Pacific coast and the Cristóbal port terminal on the Atlantic coast, APM Terminals confirmed its willingness to temporarily assume operation of both terminals. This is intended to ensure operational continuity and mitigate potential risks that could affect essential services for regional and global trade once Panama Ports Company SA withdraws. In a statement, the company indicated that this potential participation seeks to support Panama’s logistics hub, ensuring the normal operation of the terminals while the future of their management is defined. APM Terminals currently operates 60 terminals in 34 countries, including several of the world’s best-performing facilities. The company stated that its operations are governed by internal governance standards, compliance with applicable legislation, and long-term operational sustainability objectives. The company also highlighted that it applies standardized operating models and proven management systems across its global network, ensuring reliable, productive, and safe operations.
APM Terminals Expresses Willingness to Take Over Balboa and Cristóbal Ports
APM Terminals confirmed its willingness to temporarily manage the Balboa and Cristóbal ports in Panama following the president's announcement. The company aims to ensure uninterrupted terminal operations and support Panama's logistics hub.