APM Terminals Officially Begins Operations in Costa Rica
Date: Monday, March 4, 2019
Source: The Costa Rica Star
The Moín Megaport, APM Terminals, officially began operations this Thursday, February, 28, 2019 with the promise of putting Costa Rica at the head of the region in port services.
The container terminal began operations partially back in October 30, 2018 working at a minimum capacity with the purpose of testing procedures and preparing personnel. The official inauguration of the megaport, which represents the infrastructure project with highest investment in the history of the country ($1 billion USD) marks a new era in the country’s international commerce; it is also seen as the start of the development of the Atlantic zone of Costa Rica.
Since it began operations in October, the Moín containter terminal has services more than 75 container ships, which represents more than 3,000 movements and an amount for the country of approximately $1 million USD.
The Moin Container Terminal is able to receive ships with 22 lines of containers and generate a record activity of over 30 movements per hour of load and unload, increasing considerably the efficiency in the attention to vessels.
Costa Rica now has, for the first time, a direct connection between the Moín port and the European and Asian markets without the need to transfer merchandise, this thanks to the capacity it now has to service Super Post-Panamax ships which handle transatlantic routes with capacity for 8,500 + containers.
APM has to pay a set fee to the Atlantic Zone Development and Port Administration Group (JAPDEVA). The terminal will be exploited ruing the first 30 years by the concessionaire and at that moment it will pass to the control of the Government. During those 30 years, APM will have to destine 7.5% of its gross income towards the development of the province of Limon.
Currently APM Terminals employees 650 people, and thousands of indirect jobs.