Ports & Cargo terminal targets 300,000 TEUs in 2021

…. records 6% TEU growth in 2020

Segun Oladipupo. |

Ports and Cargo Handling Services Limited, the concessionaire of Terminal C in Tin Can Island Port complex, Apapa, said it has set a target of 300,000 TEUs for its 2021 business year.

John Jenkins, Managing Director of the terminal said even though the target was ambiguous, it was achievable.

The projection according to Jenkins was in view of the company’s impressive performance despite several challenges that the sector faces in the previous year.

This is contained in a press statement made available to our correspondent by Philips Ojo, Corporate Affairs officer of SIFAX.

In 2020, the terminal recorded an increase of 12,153 TEUs to cap at 242,195 TEUs as against 2019’s figure of 230,042 TEUs.

The full import figure rose from 109,367 TEUs in 2019 to 122,243 TEUs while the export of empty containers also witnessed an increase from 94,041 TEUs in 2019 to 96, 605 TEUs in 2020.

It, however, recorded a decline in its full export as it saw a drop from the 2019 figure of 26,634 TEUs to 23,347 – a difference of 3,287.

Jenkins said: “Despite the harsh business terrain occasioned by the COVID-19 pandemic, terrible state of the port access roads and some other hurdles, the terminal still recorded this impressive performance. This is down to proactive business strategy, committed staff, supportive leadership and loyal clients.”

Jenkins further explained that in order to boost the terminal’s efficiency, barge operation was given utmost priority with the creation of two dedicated points at the quayside where the barges load and offload with dedicated cranes. He noted that the barge operation has helped in the decongestion of the terminal.

He said: “We now achieve a minimum of 8,000 TEUs for our barge operations on a monthly basis. This has greatly improved the terminal’s business offerings and bring great relief to our customers who have had to endure the biting consequence of port congestion primarily caused by poor access roads and the ongoing road construction.”

With all the strategies and modern equipment put in place at the terminal, Jenkins said the company would meet the target of 300,000 TEUs set for itself in 2021.

Speaking on the terminal’s performance, Mr. Bode Ojeniyi, Group Executive Director, SIFAX Group, expressed his confidence at the company’s surpassing the 2021 target.

Ojeniyi said with the impending launch of its e-payment and e-billing platforms as well as the huge investment in the acquisition of more technological infrastructure, the terminal is well positioned to deliver an efficient service that will meet the expectations of its customers.