APM Terminals has bought the Panama Canal Railway Company (PCRC) from Canadian Pacific Kansas City Limited and Lanco Group/Mi-Jack. This announcement was made from The Hague (NL) today by APM Terminals, a subsidiary of Danish shipping company A.P. Moller – Maersk.
The purchase includes the concession to operate the 76-kilometer railway running parallel to the Panama Canal, a key cargo transport route linking the Atlantic and Pacific Oceans. In 2024, PCRC reported revenue of $77 million and an EBITDA of $36 million.
Strengthening Presence in Panama’s Logistics Sector
The concession, which has been renewed for another 25 years, strengthens APM Terminals’ presence in Panama’s logistics sector.
Keith Svendsen, CEO, APM Terminals: “The company is highly regarded for its operational excellence and will provide a significant opportunity for us to offer a broader range of services to the global shipping customers we serve.”