Trnchard has signed a ‘Heads of Terms’ agreement to operate a container port and breakbulk facility in Turkey.

APM Terminals, whose Director of Port Projects and Investments, Europe and Mediterranean Region is John Trenchard, son of Leatherbarrows’ David Trenchard, has signed a ‘Heads of Terms’ agreement to operate a container port and breakbulk facility in Turkey located in Aliağa, near the city of Izmir on the Aegean Coast. 

The agreement was with Turkish-based SOCAR the parent company of Petkim, a petrochemical company who runs a breakbulk facility there now. Later this year, APM Terminals will take over the management of that breakbulk facility. Petkim will build a new 1.3 Million TEU container terminal adjacent to the facility that will open in 2013. APM Terminals will then run that container terminal too.