APM Terminals Apapa reports success, handling 51,000 TEUs in non-oil exports in the first half of 2024. This marks a 7.8% increase from last year.
Furthermore, to boost this growth, the terminal will host its second exporters’ forum this September.
The event will bring together industry stakeholders to address challenges and enhance Nigeria’s export potential.
In the vibrant world of trade, APM Terminals Apapa is making headlines with its remarkable achievements in non-oil exports.
In the first half of 2024, the terminal reported an impressive total of 51,000 Twenty Equivalent Units (TEUs).
Consequently, this marks a notable 7.8% increase from the 47,000 TEUs recorded during the same period last year.
Steen Knudsen, the Terminal Manager, underscored the essential role that non-oil exports play in the terminal’s operations and Nigeria’s economy.
Steady Growth And Future Prospects
Looking back, Knudsen shared the steady growth in non-oil export volumes over the past four years.
In 2020, the terminal recorded 53,000 TEUs.
Additionally, this number grew to 63,000 TEUs in 2021 and climbed further to 71,000 TEUs in 2022.
The most significant leap occurred in 2023, with volumes reaching 94,000 TEUs, a remarkable 32% year-on-year increase.
To build on this success, APM Terminals Apapa is gearing up to host its second exporters’ forum in September.
This event aims to support the Federal Government’s efforts to boost non-oil exports.
Also, it will create a collaborative platform for stakeholders from various exporting associations.
“This forum will allow us to address the challenges that hinder efficient export movements into the ports,” Knudsen explained.
He added that it would help in “facilitating more exports from Nigeria and not only strengthen the economy.
“It will also help us reduce shipping costs by ensuring that vessels do not return empty.
“We are committed to partnering with our customers and relevant government agencies to support Nigerian exporters”.
The exporters’ forum, launched in mid-2024, creates a vital space for dialogue among the terminal and its export customers.
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It also includes discussions with shipping lines.
Furthermore, the Head of Commercial at APM Terminals Apapa, Kayode Daniels, highlighted the success of the inaugural forum held in June.
This event generated valuable feedback from exporters, revealing areas where collaboration could streamline processes and increase export volumes.
“Timeliness is crucial, especially for agro-export produce, as delays can compromise the quality of cargo before it reaches its destination,” Daniels noted.
“The insights gained from these discussions will be instrumental in refining our operations and enhancing the overall export process for non-oil goods.”
As APM Terminals Apapa continues to focus on facilitating non-oil exports, it is poised to play a significant role in Nigeria’s economic diversification and export growth strategy.
APM Terminals Apapa is dedicated to improving the efficiency and effectiveness of the nation’s export logistics framework.
This commitment fosters collaboration among stakeholders.
By addressing operational challenges, the terminal is paving the way for a brighter economic future.
