APM Terminals and Barging Marine Solutions Ltd have entered into an exclusive lease agreement set to run until September 2031, marking a strategic step to expand operations in and around Apapa and reinforcing the terminal operator’s commitment to growing trade opportunities in Nigeria.
The agreement aims to strengthen collaboration between both companies, increasing capacity while enhancing landside and barge connectivity to benefit shipping lines and customers alike.
Commenting on the deal, APM Terminals CEO Keith Svendsen said, “The Nigerian market has demonstrated strong growth throughout 2025, and we remain confident in its potential in the coming years. This agreement allows us to unlock the terminal’s capabilities while exploring future investments and modernisation in Lagos. Barging Marine Solutions has shown resilience in their operations, and we are excited to harness the synergies from this collaboration.”
Karim Said, CEO of Barging Marine Solutions Ltd, added, “This partnership builds on our successful existing business relationship with APM Terminals and will deliver improved logistics solutions for their customers and shipping lines by utilising BMS’s expertise in barging and terminal operations to provide additional capacity and dependable delivery.”
The collaboration covers two waterfront and inland container terminals as well as barge services, offering a viable alternative to road transport. This approach is expected to ease traffic congestion, lower logistics costs, and improve efficiency for goods movement.
Frederik Klinke, MD of APM Terminals Nigeria, noted, “Enhanced barge services, coupled with Barging Marine Solutions’ leadership in inland container depots, will increase reliability and speed for our customers while optimising supply chain coordination, ensuring a seamless experience.”
Under the agreement, Barging Marine Solutions Ltd — part of GMT Nigeria Ltd — will manage operations for APM Terminals, with both companies jointly developing initiatives to create added value for clients.
