APM Terminals cut a deal with a local barge company to grow operations around Apapa port. The exclusive lease with Barging Marine Solutions aims to boost capacity and offer better land and water connections. APM's CEO, Keith Svendsen, said the Nigerian market is expanding, and they want to develop its potential.
The agreement covers two waterfront terminals, an inland depot, and barge services. This setup is meant to give customers an option besides trucks, hopefully cutting road congestion and costs. The managing director for APM in Nigeria, Frederik Klinke, thinks it will make supply chains more reliable. Barging Marine Solutions will run the services, with both firms working on new customer solutions.
APM handles a huge portion of the country's container trade across its terminals. The barge company has been operating in Lagos since 2019, moving boxes via waterways to avoid the famously clogged roads.
The agreement covers two waterfront terminals, an inland depot, and barge services. This setup is meant to give customers an option besides trucks, hopefully cutting road congestion and costs. The managing director for APM in Nigeria, Frederik Klinke, thinks it will make supply chains more reliable. Barging Marine Solutions will run the services, with both firms working on new customer solutions.
APM handles a huge portion of the country's container trade across its terminals. The barge company has been operating in Lagos since 2019, moving boxes via waterways to avoid the famously clogged roads.
