Business A.M
No Result
View All Result
Thursday, March 12, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Companies

Onne Port invest $10m in operational infrastructure

by Admin
June 4, 2019
in Companies, Earnings
          By Samson Echenim 
West Africa Container Terminal (WACT), manager of  the Onne Oil & Gas Port in Rivers State, has said it is putting in $10 million in port  operations infrastructure as part of its plans to upgrade service.
The company said it was set to receive two new mobile harbour cranes from Liebherr, in July as part of the unprecedented $10 million upgrade, which also included acquisition of four specialised terminal trucks and an empty handler.
Speaking while unveiling the trucks at the port complex, Aamir Mirza, WACT’s managing director, said the acquisition of four additional specialised terminal trucks brought to 10 the number of such trucks acquired by WACT so far in 2019 alone, with four more expected before the end of the year.
“The current upgrade is targeted at bringing  our operations at par with its peers in Apapa and Tin Can Island Ports, Lagos in terms of equipment and operational efficiency. WACT is considered not just the biggest but also the most efficient container terminal outside Lagos,” Mirza said.
According to him, WACT is committed to replicating the ports in Lagos in Onne Port to develop the eastern market.
He said, “You will recall that four trucks arrived first in February, then we added two in April, and four have just arrived. This is in line with our plan of investing in container handling equipment to maintain our strong position in East Nigerian market.
“We have been investing in getting more equipment to our terminal to make sure that we continue to serve our customers better, deliver their cargo on time in a way that will bring more business to our terminal. We want to assure them that we will continue to fulfill the commitment that we have made in making sure that we continue to serve them better as we progress through the year,” Mirza said.
Admin
Admin
Previous Post

China expected to divert outstanding U.S. soybean cargoes into reserves

Next Post

Google faces privacy complaints in European countries

Next Post

Google faces privacy complaints in European countries

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Oil steadies as US stockpile decline offsets trade tension worries

Oil climbs above  $100 as Iran warns Strait of Hormuz will remain shut

March 12, 2026
Study ranks New Zealand, Japan among safest countries if global war erupts

Study ranks New Zealand, Japan among safest countries if global war erupts

March 12, 2026
AI, cloud shift redefining skills for next-generation software developers 

AI, cloud shift redefining skills for next-generation software developers 

March 12, 2026
Crude oil dips amid muted market response to EU Russian sanctions

Oil climbs toward $100 as tanker attacks heighten Middle East supply fears

March 12, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Oyo targets 500 MW energy generation by 2027

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Oil steadies as US stockpile decline offsets trade tension worries

Oil climbs above  $100 as Iran warns Strait of Hormuz will remain shut

March 12, 2026
Study ranks New Zealand, Japan among safest countries if global war erupts

Study ranks New Zealand, Japan among safest countries if global war erupts

March 12, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M