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Manila Bulletin devider Business devider Trade & Industry devider ICTSI's Onne Multipurpose Terminal adds cranes, CFS in $25-million expansion

ICTSI's Onne Multipurpose Terminal adds cranes, CFS in $25-million expansion

Published Jan 22, 2025 07:21 am

Onne Multipurpose Terminal (OMT), International Container Terminal Services, Inc.’s (ICTSI) operation in Nigeria, has invested over $25 million (P1.5 billion) for two new mobile harbor cranes (MHC) and a container freight station (CFS). 

In a statement, ICTSI said these investments underscore OMT’s commitment to improve terminal operations and at the same time support Nigeria’s trade and commerce.

The new cranes, already purchased and put into operation, 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 that while aligning with the federal government’s blue economy vision.

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.

“These investments are aimed at further improving the terminal’s overall operations and represent the ICTSI Group’s commitment to boosting Nigeria’s competitiveness in global trade. We thank our partners in the government and stakeholders in the industry for their cooperation in achieving these milestones,” said Jacob Gulmann, OMT Chief Executive Officer.

These recent developments mark a significant step forward for OMT, solidifying its 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.

OMT is the first terminal of call at the Onne Port Complex in Onne’s oil and gas free zone. Handling containerized, oil and gas, and other cargo types, OMT serves as an efficient gateway to Africa’s largest oil production region and Nigeria’s major hinterland markets.

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Onne Multipurpose Terminal International Container Terminal Services Inc.
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