The Valenciaport Authority (VPA) Board of Directors has approved an eight-year extension to the concession operated by APM Terminals at the Port of Valencia, known as APMT Valencia. The extension is subject to a new investment commitment of more than €10 million (around $11 million) targeting terminal modernization, decarbonization and infrastructure upgrades to accommodate larger vessels. The extension brings the concession end date to 2049, reaching the maximum 50-year term permitted under Spanish regulation.
A central element of the investment programme is the electrification of the Levante Quay through the installation of Onshore Power Supply (OPS) systems. The wider plan includes four OPS units across the terminal, a power delivery centre and associated supporting infrastructure. The development aligns with VPA's 2030 port decarbonisation targets, as well as APM Terminals' own decarbonisation roadmap. Tim Miltenburg, Head of Decarbonisation Center of Excellence at APM Terminals, emphasised that decarbonisation sits at the centre of terminal strategy.
A second investment stream focuses on physical upgrades to enable accommodation of larger E-class vessels. The works will adapt Levante Quay fenders to support ships serving Asia–Mediterranean routes with deeper drafts. Julián Fernández, Managing Director of APMT Spanish Gateways, said the support of the Valenciaport Authority enabled the development. The arrangement strengthens Maersk's deployable capacity along the Asia–Europe route via Valencia.
Key Takeaways:
1. The Valenciaport Authority extended APMT Valencia's concession by eight years to 2049.
2. The extension is contingent on a new investment commitment exceeding €10 million.
3. The centerpiece is Levante Quay OPS electrification, with four OPS units planned across the terminal.
4. The plan aligns with VPA's 2030 decarbonization targets and APM Terminals' net-zero roadmap.
5. Levante Quay fenders will be upgraded to accommodate larger E-class ships on Asia-Mediterranean routes.
