APM to Develop Terminal in Shenzhen.(A.P. Moller-Maersk Line)(Dachan Bay Port Investment and Development Co.)(Brief article)

APM Terminals will lead a $958 million joint venture to build a container terminal at the port of Shenzhen, China.

The terminal operating unit of Danish shipping giant A.P. Moller-Maersk will partner with Dachan Bay Port Investment and Development Co. and China Merchants Holdings (Intl.) Co. APM will own 51 percent of the new terminal.

The Dachan Bay Phase 2 terminal will be a four-berth facility with capacity to handle 3.2 million TEUs a year. It will cover 252 acres, have 5,574 feet of berth and an alongside depth of 56 feet. The first two berths will be operational by the end of 2009 and the remaining two berths in 2010.

A neighboring terminal is …