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Sunday, February 9, 2025

ICTSI subsidiary invests $25mto enhance Nigeria cargo terminal

Onne Multipurpose Terminal (OMT), operated by International Container Terminal Services Inc. (ICTSI) in Nigeria, invested $25 million in two new mobile harbor cranes (MHCs) to enhance its cargo handling capabilities.

OMT said the new cranes are set to improve OMT’s container handling efficiency, reduce vessel turnaround times and optimize overall cargo operations.

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The deployment enables the terminal to meet the growing demand for reliable port services, while aligning with the federal government’s blue economy vision.

Meanwhile, the new CFS at Terminal 2 enhances cargo processing and storage efficiency, facilitating the flow of goods and providing a critical resource for stakeholders in the region.

“These investments are aimed at further improving the terminal’s overall operations and represent the ICTSI Group’s commitment to boosting Nigeria’s competitiveness in global trade,” said OMT chief executive Jacob Gulmann.

“We thank our partners in the government and stakeholders in the industry for their cooperation in achieving these milestones,” he said.

The developments mark a significant step forward for OMT, solidifying its role as a leading maritime hub in West Africa. Together with the ICTSI Group, OMT will continue to drive development across Nigeria’s maritime industry.

OMT is the first terminal of call at the Onne Port Complex in Onne’s oil and gas free zone.

Handling containerized, oil and gas and other cargo types, OMT serves as an efficient gateway to Africa’s largest oil production region and Nigeria’s major hinterland markets.

Headquartered in Manila, ICTSI’s portfolio of terminals and projects are located in developed and emerging market economies in the Asia Pacific, the Americas, and Europe, the Middle East and Africa.

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