APM Terminals has confirmed plans to shift its Asia headquarters out of Hong Kong to Singapore over the coming months.

A company spokeswoman told TradeWinds that the AP Moller-Maersk terminal arm has “growth aspirations” in Asia.

“APM Terminals has maintained a small regional office in Hong Kong, but in addition deploys staff in its regional management team at a number of locations to optimally manage the business across Asia,” she said.