SIFAX subsidiary cuts prices, boosts port effectivity

Ports and Cargo Dealing with Companies Restricted, a subsidiary of SIFAX Group, has disclosed that the restructuring of its stevedoring actions performed a significant function within the firm’s restoration course of, together with a big discount in working prices and measurable enhancements in productiveness following a change in service suppliers.

The corporate attributed its operational rebound in 2025 to a strategic shift that prioritised basic cargo and break-bulk dealing with as its core enterprise focus.

This was contained in Monday’s launch by the Head, Company Communications, at SIFAX Group, Olumuyiwa Akande, obtained by The PidomNigeria.

The assertion defined that the improved efficiency adopted a strategic repositioning of the terminal after a difficult 2024, when it misplaced some high-profile purchasers, which negatively affected the terminal’s cargo volumes and earnings.

“In response, the corporate refocused its operations on basic cargo and breakbulk dealing with, a transfer that stabilised the enterprise and unlocked a brand new development trajectory,” the assertion learn partly.

The Managing Director of Ports and Cargo Dealing with Companies Restricted, John Jenkins, reiterated that the restructuring of its stevedoring actions additionally performed a significant function within the restoration course of.

“Our strategic operational reforms performed a essential function within the rebound. The corporate restructured its stevedoring operations, leading to a big discount in working prices and measurable enhancements in productiveness following a change in service supplier. We additionally invested in essential gear, corresponding to forklifts and spare components, whereas rebalancing our workforce. This included filling key operational roles with competent palms to strengthen service supply and help larger volumes,” stated Jenkins.

He burdened that, wanting forward, the corporate has projected important income development, with basic cargo accounting for the most important share of those projections, supported by elevated volumes of metal, automobiles, and palletised cargo, in addition to larger import flows from Asia into Nigeria.

Jenkins highlighted that to maintain this development and address the anticipated improve in enterprise quantity, “the corporate has outlined a 2026 capital expenditure that features investments in crane upgrades, the acquisition of extra forklifts, and terminal tractors.

These investments may even assist ease capability constraints, scale back gear rent prices, and preserve operational effectivity.”

Whereas noting persistent challenges, together with restricted area and fluctuations in container transport companies, he voiced optimism concerning the firm’s prospects.

“The teachings learnt in 2025 have strengthened our method to value management, buyer engagement, and operational execution. With demand not our main constraint, our focus in 2026 is on environment friendly execution, dealing with larger cargo volumes whereas defending margins and sustaining profitability,” Jenkins stated.

Ports and Cargo Dealing with Companies Restricted operates as a part of the SIFAX Group’s port and logistics portfolio, offering specialised cargo dealing with options inside Nigeria’s maritime sector.