Knudsen said a higher exchange rate has started to hurt importers and that cargoes seem to be slowing down simply because warehouses are getting full. Knudsen noted that APM Terminals Apapa, had handled about 8.1 million twenty equivalent units (TEU) of containers in the past 15 years. However, there are processes in place that we are not in direct control of,” Knudsen said. He said the strategy of APM Terminals Apapa is to be the preferred logistics gateway into the Nigerian economy and to provide world-class services. that we handle their vessels fast, hence translating into a reduced cost of import and export in the market.

Source: The Guardian December 24, 2021 02:25 UTC