ShippingWatch

APM Terminals bets on African dry ports

APM Terminals is going after the full benefit of growth in Africa, and the Maersk-owned company is therefore ready to invest in dry ports to ensure access to major cities on the continent.

Nearly one in three African countries is landlocked, with no direct port access. Approximately 200 million people are living in these countries, and in order to properly benefit from the growth potential in sub-Saharan Africa, which - according to the International Monetary Fund - is expected to enjoy an economic growth of 5.5 percent in 2012, it is important to facilitate better access to goods for the many people in the continent, says Reik Mueller, APM Terminals’ Director of Business Development and Infrastructure Investments for the Africa-Middle East Region.

"Dry ports and inland markets are the great untapped, overlooked business opportunity in Africa," he says.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Latest news

See all jobs