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

… As Coy achieves 130,000 TEU capacity in mid-year
 v 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 industry.

“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 said.

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.