ShippingWatch

APM Terminals: Africa is promising but also challenging

Some of the billions the Maersk Group's port operator APM Terminals is expected to invest in over the decade will be spent in Africa. The continent is full of promises but also brings challenges, Peder Søndergaard, CEO for Africa and the Middle East division of APM Terminals, tells ShippingWatch.

The port in Onne, Nigeria, where APM Terminals is present. Photo: APM Terminas

Existing investment in roads, bridges and ports on the African continent are not very impressive, to say the least. In fact, there is an alleged shortage of billions of dollars in infrastructure investments, says Peder Søndergaard, CEO for Africa and the Middle East division of APM Terminals. And this factor, combined the generally high growth rates faced by many African countries with growing populations, makes it interesting for a company such as APM Terminals to invest in the region.

This extends to both 100 percent owned investment as well as partnerships between public and private parties in ventures such as APM Terminals project in, for instance, Ghana. Just as in the rest of the world, the growth rates have slowed down a bit, but this does not change APM Terminals' ambitions for the continent, which is ranked high on the list in terms of the company's investments in the coming years.

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