Costa Rica supreme court approves APM Terminals concession

The new terminal in Costa Rica will be able to handle 13,500-TEU ships.

   Costa Rica’s supreme court has ruled in favor of APM Terminals and the country’s government in an appeal filed by the port workers union against a 33-year concession contract granted to APM Terminals for the new Moin Container Terminal in Limon.
   Paul Gallie, managing director of APM Terminals for Central America said the terminal, which is on the Caribbean coast, “will promote the country’s global competitiveness and the socioeconomic development of the province of Limon, which is why this verdict motivates us and strengthens our confidence in the judicial system.”
   The Moin terminal will be “a world-class, modern, safe and efficient terminal operating under international standards and procedures, designed to boost Costa Rica’s international trade by taking full advantage of the economy of scale provided by the new-Panamax container vessels of up to 13,500 containers, vessels of up to five times larger than those which can be serviced in the country today,” Gallie said.