26 C
Lagos
Monday, September 28, 2020
- Advertisement -

APM Terminals In Apapa Inaugurates New Cranes

Opinion

What Manner of Olive Branch? By John Mayaki

Happy times are here for Godwin Obaseki, who rode into victory, courtesy of his Rivers State counterpart and comrade-in-electoral sleight of hand,...

Between ‘Dividers-in-Chief and Dividers-in-Law’ By Wole Soyinka

I am notoriously no fan of Olusegun Obasanjo, General, twice former president and co-architect with other past leaders of the crumbling edifice...

Putting our Money Where Our Mouth Is – By Femi Adesina

There is a story that President Muhammadu Buhari likes to tell. He has done so many times in public and private meetings....

El-Rufai and the next Emir of Zazzau By Aliyu Tilde

The last colonial Governor of Northern Nigeria, Sir Bryan Sharwood Smith, was the District Officer (D.O.) of Zaria when the Emir of...

APM Terminals, the global terminal operator which holds a concession at the Apapa Port, has acquired two new multi-million dollar state-of-the-art Mobile Harbor Cranes (MHCs) for its operations.

The cranes were unveiled on Thursday by Hadiza Bala Usman, the Managing Director of the Nigerian Ports Authority (NPA) in Lagos.

The MHCs are part of APM Terminals’ additional investment of USD80 million (about N33.6 billion) for the year 2020-2021. Since 2006, the company has invested USD438million (about N184billion) in Nigeria.

Ms. Bala Usman said the ports were concessioned by the Federal Government to improve port efficiency and free government resources for other developmental purposes.

She said cargo volumes at the port have witnessed a steady rise due to favourable government policies, adding that NPA has continued to engage with private terminal operators to rise to the challenge of the increased cargo traffic.

The engagement with the operators, according to her, is yielding tangible results as evidenced by the commissioning of the two new Mobile Harbor Cranes, among others.

She said as the ports become more efficient, efforts must be made to enhance cargo delivery processes and free the ports of longstanding cargo.

“We are engaging with the Nigeria Customs Service to remove overtime containers from the port to free vital space for incoming ones.

“We are also working with terminal operators to increase the barging of containers to take pressure off the roads. We have noted a significant growth in barging capacity and operations with more containers moved daily by barges from the port,” she said.

The Head of Terminals, Africa and Middle East region of APM Terminals, David Skov, said before now, the company had invested USD358million (N150.36billion) in port infrastructure development, information technology upgrades and modern cargo handling equipment to improve both quayside and landside operations.

“The additional investment we are making is to handle the increased trade volumes into Nigeria. Trade in Nigeria is growing due to the many favorable efforts and policies of the Federal government of Nigeria including but not limited to the policy on ease of doing business; stabilization of foreign exchange; closure of the land borders which has increased the use of our sea ports; and diversification of the economy,” he said.

“The additional investments will create capacity to handle the growth in the economy to support the Federal government’s efforts on trade growth and improve service delivery across the logistic chain in Nigeria.”

He said with the acquisition of the new cranes, the terminal now operates with a total of 10 Mobile Harbour Cranes; 23 Rubber-Tyred Gantry Cranes; six Empty Handlers; 48 specialised Truck Terminals, six Reach Stackers and 11 Forklifts.

The high-profile event was attended by industry titans including the Managing Director, APM Terminals Apapa, Martin Jacob; Executive Director, Marine and Operations of NPA, Onari Brown; the General Manager Marine and Operations, Captain Jerome Anyugwe; the General Manager Monitoring and Regultory Service, Mrs. Ugo Madubuike and NPA General Manager, Security, Surveyor Omotesho, the Port Manager, Lagos Port Complex Apapa, Mrs Olufunmilayo Olotu; and the Port Manager, Tin Can Island Port, Garba Umar.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Business Profiles

Okechukwu Ohanta

Okechukwu Ohanta is the Sub-Surface Manager at Tenoil Petroleum and Energy Services. Mr Ohanta is responsible for the company's subsurface studies, formation...

Chukwunonye Emenalo

Chukwunonye Emenalo is a lecturer of financial management at Lagos Business School. His teaching interests are in financial management/corporate finance. His research...

Oyewale Ariyibi

Oyewale Ariyibi is the Chief Financial Officer at FBN Holdings Plc. Before this appointment, he was Chief Finance Officer at Transnational Corporation...

Dada Awosika

Dada Awosika is the Managing Partner of D.A Awosika & Partners LLP. He started his Legal Practice in 1996 at the law...

Olamide Edun

Olamide joined Lion’s Head Global Partners in 2017 and is a member of the African Local Currency Bond Fund team, focussed on...