176

News

APM Terminals investing billions into African port

Christian Wenande
August 12th, 2015


This article is more than 9 years old.

New port in Bagadry, Nigeria to be its largest investment ever

AMP Terminals see much potential in Africa (photo: CEphoto, Uwe Aranas)

The Maersk-owned company APM Terminals has revealed it is investing about 14 billion kroner into a new port in Bagadry, Nigeria, in what will be its biggest ever investment.

The port will become the second-largest port in Africa – only surpassed by Port Said in Egypt – and is a clear signal that the Danish shipping giant’s terminal operator sees the African continent as a long-term hotbed for economic growth.

“We are currently purchasing property from the state and will start construction later this year. The port is scheduled to be completed in 2019,” David Skov, the managing director for APM Terminals in Nigeria, told Børsen business newspaper.

“Globally, it will be APM Terminal’s largest ever investment and marks a strategic shift to multi ports. It means we will supplement our own experience in container ports with the establishment of a free zone, an oil port and a bulk port, so in other words a complete port.”

READ MORE: Maersk terminal operator plotting a new course or two

Poor infrastructure
APM Terminals also operates two other ports in Nigeria, Apapa and in Onne, but operations in Nigeria are hampered by constant traffic congestion, piles of rubbish and a general lack of effective infrastructure.

The short 40 km trip from Bagadry to Lagos can take anything from 45 minutes to four hours, depending on traffic.

It’s not APM Terminal’s first forage into Africa and the port operators revealed late last year that it was planning a major investment in Ghana’s largest port, Tema Port.


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”