International Container Terminal Services Inc. (ICTSI) has invested $25 million to increase the number of cranes in its Nigeria operation, Onne Multipurpose Terminal (OMT), to four and add a container freight station (CFS) to the terminal.
The company told regulators the investments underscore OMT’s commitment to improve terminal operations and at the same time support Nigeria’s trade and commerce.
“The new cranes are set to improve OMT’s container handling efficiency, reduce vessel turnaround times, and optimize overall cargo operations. The deployment enables the terminal to meet the growing demand for reliable port services while aligning with the federal government’s blue economy vision,” ICTSI said.
“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,” it added.
Jacob Gulmann, OMT chief executive officer, said the new facilities solidify OMT’s 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,” he said.
Gulmann said the investments aim to further improve the terminal’s overall operations and represent ICTSI Group’s commitment to boosting Nigeria’s competitiveness in global trade.
Opened for business in 2021, OMT is designed to handle containerized and non-containerized cargo in berths 9, 10 and 11 of the Federal Ocean Terminal. It features a 750-meter-long deep-water quay and a 22-hectare yard area.
OMT’s operation doubles the modern container handling capacity of Eastern Nigeria, a known oil and gas powerhouse and now a fast-emerging logistics hub.
