APM Terminals Sees Opportunities in Africa

APM Terminals’ annual Africa-Middle East Region’s Leadership meeting was held in the Kenyan Indian Ocean port city of Mombasa to emphasize a new direction for expansion of the APM Terminals Global Port, Terminal and Inland Services Network: East Africa.

“There are great business and growth opportunities in East Africa and this is not new territory for APM Terminals” said Mr. Peder Sondergaard, CEO for the Africa-Middle East region, who noted that Logistics Container Centre Mombasa (LCCM), part of APM Terminals Inland Services, has been in operation since 1997. He and other senior leaders including CEO Kim Fejfer recently visited Kenya and met with Kenya’s Prime Minister Raila Amolo Odinga and Minister of Trade Amos Kimunya for high level talks, and hosted meetings with local business and industry leaders in Mombasa and the Capitol of Nairobi.

APM Terminals, one of the largest port operators in Africa, currently operates nine ports in eight West African countries, as well as operations in both Morocco’s Tanger-Med port, and Egypt’s Suez Canal Container Terminal and an extensive Inland Services network across the continent, but no port operations on the continent’s Indian Ocean coast.

Although the International Monetary Fund has projected a 5.5% economic growth rate for sub-Saharan Africa this year, and a 5.3% increase for 2013, obstacles to trade, particularly concerning cargo movements between neighboring countries, will prevent the full benefit of such economic progress from being felt across the African population.

The World Bank Report “De-Fragmenting Africa; Deepening Regional Trade Integration in Goods and Services” released in February, has estimated that “in sub-Saharan Africa it takes, on average, 38 days to import and 32 days to export goods across borders, whereas the number of days required is significantly lower in other regions” and that “the cost of trading across borders is the highest in the sub-Saharan Africa region, over twice as high compared to East Asia and OECD countries”.

Investment in modern cargo transportation infrastructure and services can help to alleviate these impediments, and foster higher rates of trade and economic development. APM Terminals’ Inland Services operations in East Africa span 12 countries currently including Kenya, Uganda and Tanzania, as well as parts of the Democratic Republic of the Congo and Zambia.

Mombasa, the busiest port on the East African Coast, handled approximately 770,000 TEUs in 2011, up from 695,000 TEUs in 2010, and has enjoyed a compounded annual growth rate (CAGR) of 15% during the preceding half decade. About half of this traffic is destined for neighboring land-locked countries such as Uganda, South Sudan and Rwanda.

APM Terminals is in talks with the Tanzanian Ministry of Transport and the Tanzania Ports Authority (TPA) to operate at the Port of Dar es Salaam, which handled 475,000 TEUs in 2011.

“We believe it would only benefit the port and the country to introduce a leading global port operator at Dar es Salaam, which would introduce healthy competition to the benefit of all port users” said APM Terminals’ Africa-Middle East Regional Vice President for Business Development, Hans-Ole Madsen.

Opportunities also exist beyond the Port of Dar es Salaam; Emmanuel Mallya, the Chairman of the Tanzania Shipping Association Chairman and a board member of the TPA told the Daily News of Tanzania “We need investors who will look at larger port expansion projects not necessarily at Dar es Salaam Port but also look elsewhere”, citing potential new port development project locations at Bagamoyo, Mbegani and Mwambani in the port city of Tanga, in the Tanga region of northern Tanzania, which borders Kenya.

We are very interested in participating in and contributing to the high-growth potential of the Ports of Mombasa and Dar es Salaam, and are eager for the opportunity to expand our Global Port and Terminal Network into East Africa” added Mr. Sondergaard.

Dredging Today Staff, March 26, 2012;

Share this article

Follow Dredging Today

One thought on “APM Terminals Sees Opportunities in Africa”

Comments are closed.

Events>

<< Aug 2015 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

TIPC to Host 102nd APP Annual Conference

102nd Conference will offer a productive exchange of new technologies, knowledge, and management experience and continue to foster closer…

read more >

StormCon

Now entering its 14th year and serving a global audience StormCon is the premier event for stormwater pollution prevention and surface…

read more >

Coastal Engineering Asia

WHY YOU CANNOT MISS THIS EVENT

Join Trueventus Coastal Engineering Asia, a truly International platform presenting dynamic technical discussion on the present-day coastal engineering challenges. Topics namely on marine clay, dredge materials, flood mitigation and effective use of soil compression are of the many interesting topics presented.  Join us on this 2 days journey in defining coastal engineering well into the modern engineering history at the beautiful shores of Asia- Singapore!

KEY FEATURES OF THIS CONFERENCE

  • Hearing from the successful coastal projects
  • Gauging the key benefits of using soil compression method to strengthen soil
  • Mastering effective and cost-saving excavation and sediment disposal methods
  • Learning new innovations, techniques and technologies in marine structure engineering and construction
  • Exploring the advances in the field of design and construction of coastal structures

 More info

read more >

HYPACK Seminar – Cartagena, Colombia (Spanish)

This course will be taught in Spanish. The 3-day training seminar will cover all the aspects of single beam and multibeam hydrographic…

read more >