• Sunday, July 14, 2024
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BusinessDay

PTML grants 75% storage waivers on 2,500 overtime vehicles

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The Grimaldi Group, owners of Ports and Terminal Multipurpose Limited (PTML), the biggest roll-on roll-off (RoRo) terminal in Nigeria is granting 50 percent to 75 percent storage waivers for all imported used vehicles discharged at the terminal between 2008 and 2012.

Ascanio Russo, executive director of PTML, who noted that the terminal is recording a growing number of imported vehicles, also added that the space occupied by overtime vehicles is becoming worrisome as the management is determined to position the terminal to be able to handle the growing vehicular throughput.

“The area occupied by overtime vehicles has increased to an extent that one-third of our off-dock facility is dedicated to overtime cargo”, he said.

According to him, the aim is to support government action on overtime vehicles, prevent future port congestion and to avoid situations where Nigerian bound vehicles are diverted to ports in the neighbouring country.

“PTML is the biggest RoRo facility in West Africa and the hub of Grimaldi operations. It will be a blow for us if cargo destined to Nigeria is diverted to other ports due to lack of to receive those vehicles,” said, general manager of PTML, Tunde Kesahiro.

PTML has handled over 600,000 vehicles since it commenced operations in the last five years. Currently, there are over 2,500 vehicles which have been staying in the terminal for more than six months.