APM Terminals Celebrates Record-Breaking 2024 with Strong Growth in Apapa

APM Terminals closed 2024 as its best year ever, driven by record volumes and increased revenue per move. APM Terminals Apapa mirrored this success, surpassing EBIT targets with a 13% rise in imports and a 10% increase in exports.

Managing Director Steen Knudsen expressed pride in the terminal’s progress, emphasizing safety improvements and infrastructure upgrades. Notable milestones included the arrival of the largest vessel ever at Lagos and a 14% reduction in vessel port stays, enhancing efficiency.

CEO Frederik Klinke reaffirmed APM Terminals’ commitment to Nigeria’s economic growth, highlighting ongoing investments, including a $115 million upgrade at Onne’s West Africa Container Terminal.