CMA Terminals, ICTSI Ink Lekki Terminal Agreement (Nigeria)

CMA Terminals, 100% subsidiary of the CMA CGM Group, and ICTSI have announced their future cooperation in Nigeria by signing a deal for ICTSI to sell 25% of the Lekki International Container Terminal Services LFTZ Enterprise (LICTSLE) to CMA Terminals.

LICTSLE will be providing a solution to current congestion for the local market in Nigeria and overall serve as regional transshipment hub in West Africa allowing the countries connected with the hub to grow sustainably.

With a straight-line quay of 1200m and a yard area of 66 hectares, this modern facility, which is expected to be fully operational in 2017, provides the market with an annual capacity of 2.5 million TEU. This capacity will serve the Nigerian market in the long run and will ease capacity pressure. The terminal is designed to allow for further capacity growth exceeding the initial 2.5 million TEU.

The advantageous location, 60 km east of metropolitan Lagos, will be combined with a state-of-the-art facilities including 14 Post Panamax cranes.

Mr. Farid Salem, CMA CGM Group Executive Officer, said: “We are very pleased of this cooperation with ICTSI. This major future investment is undoubtedly a great opportunity for the CMA CGM Group, through its dedicated subsidiary CMA Terminals, to further increase its presence in Nigeria, a country in continuous development.”

Mr. Floe, ICTSI Senior Vice President responsible for the Africa Region, said: “The involvement of the CMA CGM Group shows the interest in West Africa and the confidence there is in the Nigerian market with the product we provide as we will strive to become supplier of choice in West Africa as the principal transshipment hub giving our customers a sustainable competitive advantage in the market range.”

Press Release, January 28, 2014

Share this article

Follow Dredging Today

2 thoughts on “CMA Terminals, ICTSI Ink Lekki Terminal Agreement (Nigeria)”

Comments are closed.

Events>

<< Jul 2019 >>
MTWTFSS
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

Global Dredging Forum

2 day conference on the commercial activities of ports. How to meet the global demands of new vessels in an increasingly competitive market.

read more >

10th Dredging & Land Reclamation Summit 2019

The 10th Dredging & Land Reclamation World between 15-18 July 2019 in London is aimed at resolving…

read more >

10TH Annual Conference Dredging in India

The conference will focus on strategies and solutions to meet the future dredging requirements…

read more >

Australasian Coasts and Ports 2019

Conference Theme “Future directions from 40°S and beyond” reflects the increasing awareness about the need to find suitable…

read more >

Jobs>

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply