Ultimate magazine theme for WordPress.

SIFAX Group projects 290,000 TEU cargo capacity handling at year end

… As Coy achieves 130,000 TEU capacity in mid-year
To expand port and cargo haulage facility
as part of strategic growth plan
L-R: Captain Ibraheem Olugbade, Executive Director, SIFAX Off Dock; John Jenkins, Managing Director, Ports & Cargo Handling Services Limited; Adekunle Oyinloye, Group Managing Director, SIFAX Group; Tobi Adekunle, Executive Director, Ports & Cargo Handling Services Limited and Barrister Tunji Olusinde, Executive Director, Legal Services/Company Secretary at the SIFAX Group mid-year press conference held at Ports & Cargo Handling Services Limited, Tin Can Island, Apapa.

SIFAX Group has projected to attain 290,000 Twenty-foot
Equivalent Unit (TEU) cargo capacity by the end of 2019, just as it disclosed
that it had achieved 130,000 TEU as at June 2019.

General Manager of the Group, Chief Adekunle Oyinloye, made
this known in a media chat on Tuesday in Lagos, when the company talked on its
strategic plan for growing its business.
SIFAX Group runs big operations in the Maritime,
Aviation, Haulage and Logistics in the last 31 years.  
Speaking on the Group’s strategic plan and actions,
Oyinloye said SIFAX Group takes ‘positioning’ seriously and therefore
coordinate its activities in line with regulatory demands, while ensuring
excellence in service for customer satisfaction.
He said: “We want to set the pace in the maritime
industry and so we are looking into the future of maritime and logistics,
positioning ourselves ahead of time of what is likely to happen in the
“This has led to us projecting for a five-year strategy
plan and this will lead to having an increased number of bonded terminals.
“Also, as a maritime operator, we are constantly under
the surveillance of statutory organisations that regulate what we do and this
has enabled us coordinate our activities in line with regulatory expectations.”

As part of its actions on the growth plan, SIFAX Group,
according to Oyinloye, has started preparing its Warri terminal for business,
pending when operations begin at the port.
The company is also investing in equipment to boost
operations in berthing of vessels and movement of consignment out of the port
to final destination.
So, in boosting its haulage operations, SIFAX group
would acquire an additional 25 trucks to its already operational 75, Oyinloye
He, however complained about the poor access roads in
the port city and called for timely reconstruction for the sake of business
concerns. In that vein, Oyinloye urged government to ensure linking the port by
rail, with an assurance of support roles to make such project work.
The company hopes for an improvement in the access to
the port with the introduction of a taskforce in place to ensure sanity in the area.
Meanwhile, SIFAX Group would be adding a Marriot 5-Star
hotel to its conglomerate in the first quarter of 2020, with Sky Capital
providing the financial services.

Leave A Reply

Your email address will not be published.