Tuesday, July 28, 2020

Port Operator Signs Contract to Runs New African Multipurpose Freight Terminal

Key Location to Access Continent's Logistics Corridor
Shipping News Feature

CAMEROON – PHILIPPINES – Manila based port and freight container terminal operator International Container Terminal Services, Inc. (ICTSI) has signed the concession contract with the Port Autonome de Kribi (PAK) for the development, operation and maintenance of the Kribi Multipurpose Terminal (KMT) in Cameroon.

The agreement means the terminal, a newly built deep-water port located 150 kilometres south of Douala, is operated by KMT, a subsidiary of ICTSI, which is now the official concessionaire of the facility for the next 25 years. Phase 1 of the development consists of 265 + 63 metres of berth and a 10-hectare yard. Phase 2 will include an additional 350 metres of berth and 23 hectares of yard.

Kribi port is surrounded by the Kribi Industrial Area, a 262 square-kilometre zone destined to accommodate new industrial and logistical developments supporting the growing Cameroonian economy. The facility has been deliberately designed to handle multipurpose shipping services including RoRo, project and heavy lift cargo, forestry products, dry bulk and other general cargoes, and to offer support services to the oil and gas industry.

KMT has 16 metres of deep water access making it suitable for the largest vessels and is equipped with state-of-the-art handling equipment including two mobile harbour cranes, providing a potential annual capacity of 1.5 million tonnes. ICTSI says it will further invest in KMT's infrastructure and superstructure and by 2024 the port will double in size. It states that the expansion will include additional modern handling equipment, storage facilities and modern IT platforms.

At the signing ceremony in the Southern region of Cameroon, Hans-Ole Madsen, ICTSI Senior Vice President and Regional Head for Europe, Middle East and Africa, thanked the Government of Cameroon and PAK for placing their trust in ICTSI, commenting:

“ICTSI is very proud to partner with Cameroon and the Port of Kribi in the operation and development of the Kribi Multipurpose Terminal. Our purpose as a company is to make the Port of Kribi a driver for positive and sustainable growth, thus ICTSI will work diligently to partner the Cameroonian business community by providing efficient and safe port services.

”Our services will act as a catalyst for Cameroons foreign trade and we will actively promote the Kribi Logistic Corridor, encompassing Cameroon, Chad, Central African Republic, Republic of Congo, Equatorial Guinea and Gabon, an area home to more than 50 million people. We already have a team on the ground, headed by Mrs. Kathy Magne, and we expect to be fully operational within the next couple of months.”

Photo: ICTSI signs the concession contract with officers of the Port Autonome de Kribi listening to Hans-Ole Madsen via video link.