By Chiazo Ogbolu
Lagos, Feb. 10, 2021 Ports & Cargo Handling Services, a subsidiary of SIFAX Group, is targeting 300,000 Twenty-foot Equivalent Units (TEUs) cargo capacity for 2021.
Mr John Jenkins, Managing Director, Ports & Cargo Handling Services, disclosed this in a statement in Lagos on Wednesday.
A TEU or Twenty-foot Equivalent Unit is an exact unit used to measure cargo capacity for container ships and container terminals.
Jenkins said that the terminal recorded an increase of 12,153 TEUs to cap at 242,195 TEUs in 2020 compared with 230,042 TEUs achieved in 2019.
He said that the target, though ambitious, was achievable in view of impressive performance posted in 2020, in spite of the myriads of challenges in the maritime sector.
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Ports & Cargo Terminal records 6% growth
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Ports & Cargo Handling Services Limited, a subsidiary of SIFAX Group and concessionaire of Terminal C, Tin Can Island Port, Apapa, has said that it recorded 12,153 Twenty Equivalent Units, TEUs of containers throughput representing six per cent increase last year compared to 2019.
This is even as the foremost terminal operator said that it is targeting 300,000 TEUs in the 2021 business year.
Managing Director, Ports & Cargo Handling Services Limited, John Jenkins, noted that while the target is ambitious, it is achievable in view of the company’s impressive 2020 performance, despite the myriad of challenges that the maritime sector confronted in 2020.
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Joseph Olaoluwa
Ports & Cargo Handling Services Limited, a subsidiary of SIFAX Group and concessionaire of Terminal C, Tin Can Island Port, Apapa, has set a target of 300,000 TEUs (Twenty-foot Equivalent Unit) for its 2021 business year.
Managing Director, Ports & Cargo Handling Services Limited, John Jenkins, in a statement on Wednesday said the target though ambitious, was achievable given its impressive 2020 performance despite the myriads of challenges that the maritime sector confronted in 2020.
In 2020, the terminal recorded an increase of 12,153 TEUs to cap at 242,195 TEUs as against 2019’s figure of 230,042 TEUs, according to a statement titled ‘Ports & Cargo Terminal targets 300,000 TEUs in 2021’.