APM Terminals and BMS sign exclusive lease to expand barge and terminal services in Apapa
APM Terminals (APMT) and Barging Marine Solutions (BMS) have signed an exclusive lease agreement until September 2031 to expand services in and around Apapa, underlining the terminal operator’s long-term commitment to develop Nigerian trade opportunities.
The facilities include two waterfront and inland container terminals as well as barging services that will offer an alternative to road transportation and thereby easing the pressure on road-side transport via trucking, reducing traffic congestion, and reducing logistics-related costs.
Keith Svendsen, CEO of APMT, said: “The Nigerian market has shown solid growth throughout 2025 and APMT strongly believes in the development of the market in the years ahead. Therefore, it is important that we take the necessary steps to develop and realise the potential of the terminal, while also looking at the future potential to invest and modernise further in Lagos.
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