APM Terminals handled a total of 36 million TEUs in 2015, a 6% drop compared to 2014.

The company said that this was partly because of divestments of facilities in Charleston, Jacksonville, Houston and Gioia Tauro. Taking these into account, volumes fell by 1.1% year-on-year.

Other causes for the decreased performance include lower oil prices, the strong US dollar and divestments in 2014, according to the company.

“Despite weaker global container volume and economic growth, our portfolio management and financial performance, including a return on invested capital of 10.9%, remained on track with our long-term strategy to expand our network’s presence and capabilities to better meet the needs of our customers,” said Kim Fejfer, CEO of APM Terminals.

APM said that it was expecting to complete the acquisition of Spanish company Grup Maritim TCB’s portfolio of 11 facilities in Spain, Turkey, Mexico, Guatemala, Colombia and Brazil in the first quarter of 2016, which will add 4.3 million TEUs of capacity to APM’s global network.

New deep-water terminals in Izmir, Lazaro Cardenas and Ningbo are also scheduled to be added to the APM portfolio in 2016, according to the company.