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Ports & Cargo orders four harbour cranes worth over $18m Euros to support growth

...As SIFAX Group embarks on infrastructural expansion

Ports & Cargo Handling Services Ltd (PCHL), an indigenous terminal operator in Nigeria, has concluded arrangements to acquire four new harbour cranes to support business growth and enhance discharge of vessels calling the terminal.

PCHSL, a subsidiary of SIFAX Group, is also investing in the acquisition of new reach stackers and forklifts to aid service delivery at the terminal and enhance turnaround time of vessels.

Speaking at its midyear media conference held last week in Lagos, Adekunle Oyinloye, group managing director, SIFAX Group, said the company has set a 5-year strategic growth plan that will generate a 300 percent increase in turnover.

“A key part of the plan is massive investment in equipment and facilities across our companies. More harbour cranes, reach stackers, haulage trucks, forklifts, baggage tow tractors among others, have been acquired to match our ambition to become the market leader in all the sectors we operate,” he said.

According to him, SIFAX is expanding its facilities as it has acquired two new off-dock locations in Lagos to improve cargo evacuation from the port and provide options for its clients to clear their consignments with less stress.

Stating that the new vision of the company necessitated bringing a new management team on board to drive the group’s business, he added that SIFAX also acquired 25 new trucks to facilitate door-to-door delivery of cargo to the importers.

John Jenkins, managing director, PCHSL, said the acquisition of the new equipment will not only aid the terminal to deliver quality services to its clients, but will position the terminal for future growth.

He said the company’s container throughput for the first half of 2019 stood at 130,000 twenty-foot equivalent units (TEUs) while its general cargo volume was in excess of 100,000 tonnes.

“We are expecting our throughput for 2019 to be in the region of 280,000 to 290,000 TEUs on the back of an improved port access road. Already, we have crossed the 130,000 TEUs mark for the first half of the year. This figure is 275 TEUs less than what we achieved in 2018,” he stated.

Oyinloye however, pointed out that the major challenge that confronted the company’s business in the period under review was the traffic gridlock caused by the poor access roads around the Lagos ports.

He commended government for the ongoing construction on Apapa-Oshodi Expressway, but called for a more sustainable solution of linking the ports with a functional rail line to complement the road infrastructure.

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