APM Terminals Quetzal is transforming Guatemala’s port sector by offering some of the highest productivity port operations in the country. In less than a year of operations, four new vessel strings have been added to offer the country’s import/export industries more connections to overseas markets. Guatemala City is now served faster by a Pacific port that is only 98 kilometers away compared to Atlantic coast ports which are five hours away. Guatemala’s truckers can now make multiple trips every day into and out of the port thanks to APM Terminals Quetzal’s efficient and fast turntime procedures which average 30 minutes.
APM Terminals Chief Commercial Officer, Henrik Lundgaard Pedersen, said: “Every country wants access to a competitive port – and we are proud to design our new container terminal around the country’s growth needs and Guatemalan businesses. APM Terminals Quetzal will play a strategic role in Guatemala’s economic future and competitiveness in world markets. The container terminal you see here is a Guatemalan success story – run by Guatemalans with 170 new jobs created here and hundreds of indirect jobs for the future.”
Trade accounts for 25.9% of Guatemala’s economy and most of Guatemala’s economic development is concentrated along the Pacific coast. As the country’s newest Pacific gateway port, APM Terminals Quetzal is ensuring exports of sugar, fruits and vegetables, coffee, grains, fertilizer, fish, cotton, textiles and tobacco which represent half of Guatemala’s exports are successfully handled with high quality standards.
APM Terminals Quetzal has a capacity of 340,000 TEUs and is a 85%/15% joint venture between APM Terminals and The IFC – World Bank. APM Terminals has invested USD 180 million in the terminal and has plans for an additional USD 145 million to be invested over a 19 year period. As part of the company’s community outreach efforts, APM Terminals Quetzal has plans to cooperate with the Municipality of San José on community projects, representing an investment of USD 500,000 a year in projects that will be evaluated jointly.