Since taking control of the North Pier of Callao, Peru, last year the now APM Terminals Callao, has more than doubled productivity to 26.57 moves per hour/crane and rotation through gates has been reduced by 49% to 28 minutes in the first 29 weeks of operation.
To date, APM Terminals has invested $27 million of a total of $749 million budgeted to modernize and expand existing facilities.
“We began dredging the container berths to increase the depth from 11 to 12.5 meters and in April two post-Panamax cranes will be delivered to the terminal, which will increase productivity to an even higher standard and will enhance our value proposition in the market,” said the Director General of APM Terminals Callao, Henrik Kristensen.
Among the improvements scheduled for APM Terminals Callao are the installation of 12 new post-Panamax STS cranes and 36 RTGs. Other investments will increase annual capacity to 2.9 million TEUs, along with the installation of a new bulk silo to store 9.9 million tons of cargo during the next decade.
The multipurpose terminal will handle general containerized cargo, ro-ro, breakbulk and cruise ships.
The Peruvian economy grew by 6.6% in 2011 and the International Monetary Fund has projected that the expansion in 2012 is of 5.9%. Peru’s GDP is about $300 billion and ranks as the fifth largest economy in South America.