Ports and Cargo Handling Services Limited, a subsidiary of SIFAX Group, has projected a stronger business rebound in 2026, attributing its recovery in 2025 to a strategic refocus on general cargo and break-bulk handling operations.
The improved performance followed a major operational repositioning after a difficult 2024, during which the terminal lost several high-profile clients, leading to a decline in cargo volumes and revenue. In response, the company streamlined its business model, concentrating on general cargo and break-bulk services—a move that stabilised operations and set the company on a renewed growth path.
According to the Managing Director, John Jenkins, the restructuring of stevedoring activities was central to the turnaround. He explained that operational reforms, including a change in service provider, significantly reduced operating costs and delivered measurable productivity gains.
“Our strategic operational reforms were critical to the rebound. We restructured our stevedoring operations, achieved cost reductions, and improved productivity. We also invested in critical equipment such as forklifts and spare parts, while rebalancing our workforce to strengthen service delivery and support higher cargo volumes,” Jenkins said.
Looking ahead, the company is projecting robust revenue growth in 2026, with general cargo expected to account for the largest share. This growth will be driven by increased handling of steel products, vehicles and palletised cargo, alongside rising import volumes from Asia into Nigeria.
To sustain the momentum and manage anticipated increases in cargo throughput, Ports and Cargo Handling Services Limited has outlined a 2026 capital expenditure plan covering crane upgrades, acquisition of additional forklifts and terminal trucks. The investments are aimed at easing capacity constraints, cutting equipment hire costs and maintaining operational efficiency.
While acknowledging persistent challenges such as limited terminal space and volatility in container shipping services, the management expressed confidence in the company’s outlook.
“The lessons from 2025 have strengthened our approach to cost control, customer engagement and execution. With demand no longer our primary constraint, our focus in 2026 is on efficient operations, handling higher volumes while protecting margins and sustaining profitability,” Jenkins added.
Ports and Cargo Handling Services Limited is part of SIFAX Group’s port and logistics portfolio, offering specialised cargo handling solutions within Nigeria’s maritime sector.
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