APM Terminals (APMT) says it has signed a letter of intent to sell APM Terminals Rotterdam, which it has operated since October 2000, to Hutchison Ports. The sale does not involve APMT’s other major terminal in Rotterdam, Maasvlakte II, which opened in April 2015.

Both terminals are built on Maasvlakte, artificial land with sand dredged from the North Sea made near the entrance to the Port of Rotterdam. Construction of the first section of Maasvlakte began in the 1960s. Maasvlakte II, which is further west, is where APMT’s newer Maasvlakte II terminal is located, and  was built between 2009 and 2013.

APM Terminals Rotterdam has annual capacity of…