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APM Terminals Celebrates 17th Anniversary of Port Concession Agreement.

Rate Captain by Rate Captain
May 18, 2023
in Markets, Wealth
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APM Terminals Celebrates 17th Anniversary of Port Concession Agreement.
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APM Terminals Nigeria, a leading port operator, marked the 17th anniversary of its port concession agreement with the Federal Government in 2006. The company commemorated the milestone by honoring its founders and 76 pioneer employees who played instrumental roles in the development of the terminal.

Mr. Frederik Klinke, the Country Managing Director of APM Terminals Nigeria, expressed gratitude to the Federal Government for granting the port concession and acknowledged the contributions of the company’s shareholders, staff, and partners in the modernization of the terminal. Klinke emphasized that the concession had enabled APM Terminals to invest over $440 million in critical port infrastructure, benefiting the Nigerian economy.

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He further recognized the dedicated men and women working at APM Terminals Apapa, whose daily efforts ensure the smooth flow of cargo to and from importers, exporters, consumers, and producers in the country. Klinke highlighted the significant role played by the employees in facilitating growing trade and the considerable foreign direct investment of over $440 million in the terminal. He also emphasized the company’s commitment to training and developing young Nigerians for senior roles within the company and the industry as a whole.

Mr. Steen Knudsen, the Terminal Manager of APM Terminals Apapa, highlighted the substantial investments made by the company in facility upgrades, training, equipment, and technology, which have enhanced service delivery at the port. Knudsen described the transformation of APM Terminals Apapa as a success story characterized by improved efficiency, innovation, and value-added services. The investments made by APM Terminals Apapa have resulted in enhanced terminal infrastructure, including the acquisition of high-grade terminal equipment such as Mobile Harbour Cranes and Rubber-Tyred Gantry Cranes. Additionally, the terminal now boasts a world-class administrative building equipped with advanced information technology capabilities.

In a goodwill message delivered by Seyi Iyawe, NPA’s General Manager of Monitoring and Regulatory Services, Mr. Mohammed Bello-Koko, the Managing Director of the Nigerian Ports Authority (NPA), commended APM Terminals for fulfilling its concession agreement with the Federal Government and delivering efficient services at the port. Bello-Koko acknowledged the significant role played by APM Terminals in upgrading the port facility and complying with the rules and regulations governing the port operations. He lauded the uniqueness and expertise demonstrated by APM Terminals, affirming its position as a force to be reckoned with in the port business.

The celebration of APM Terminals’ 17th anniversary of the port concession agreement highlights the company’s commitment to driving the growth and development of the Nigerian port sector. Through continuous investments in infrastructure, training, and technology, APM Terminals is playing a vital role in facilitating trade and contributing to the overall economic progress of Nigeria.

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