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September 01, 2015 2:58 PM ET

Transportation Infrastructure

Company Overview of Tin Can Island Container Terminal Limited

Company Overview

Tin Can Island Container Terminal Limited owns and operates Terminal B of the Tin Can Island Port in Lagos, Nigeria. The terminal has a shore length of 770 meter and a backyard of 240,000 square meter and has three berths with operation capacity of 360,000 twenty-foot equivalent units (TEUs). The company was founded in 2006 and is based in Lagos, Nigeria.

Lagos,  

Nigeria

Founded in 2006

Key Executives for Tin Can Island Container Terminal Limited

Tin Can Island Container Terminal Limited does not have any Key Executives recorded.

Tin Can Island Container Terminal Limited Key Developments

Tin Can Island Container Terminal Limited Invests USD 438 Million in Facilities

Tin Can Island Container Terminal Limited has poured over NGN 70 billion (USD 438.3 million /EUR 322.5 million) in facilities since it took over the terminal's management from the Nigerian Ports Authority (NPA) in 2006. The invested money helped the terminal to boost its cargo throughput and reduce turnaround time of ships. The terminal now processes over 1,000 containers per day compared with the 100 boxes in the past. In December 2013, the terminal handled 48,000 TEU of containers which means that the annual cargo volumes would reach 600,000 TEU. Further, the ships turnaround time is 32 hours within berthing point to the discharge of shipments. The company also noted that the terminal will take the delivery of an additional five rubber gantry tyre (RTG) cranes in 2014.

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