APM Terminals and Turkish-based Petkim have signed an agreement to build and operate Aegean Gateway Terminal (AGT), which will be one of Turkey’s largest container and general cargo terminal. It will be entirely operated by APM Terminals under a concession agreement with operations expected to start in summer 2015. Petkim’s port is located in the petrochemical complex of Petkim in Nemrut Bay and close to Izmir – the second largest industrial city in Turkey. It will offer 15.5 meter water depth and initial capacity will be 1.5 million teu.