• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Business News

Sifax acquires $20 million German mobile harbour cranes

Chidinma Nwagbara by Chidinma Nwagbara
December 17, 2019
in Business News, Company News, Corporate deals
Several challenges affecting Maritime contribution to GDP - SIFAX GMD, Adekunle Oyinloye

Adekunle Oyinloye

Share on FacebookShare on TwitterShare on Linkedin

The port operations arm of Sifax Group, Sifax Ports and Cargo Handling Services Limited has acquired over $20 million worth of mobile harbour cranes and other equipment, which were delivered by the German firm, Lierherr Group.

The equipment include five shore cranes, nine reach stackers, 10 terminal tractors, five Nissan pickup vehicles, four trailer backs and other pieces of machinery.

At the inauguration of the new equipment, Sifax Group’s Managing Director, Adekunle Oyinloye, said that the company acquired the necessary equipment in line with its vision of strategically investing to deliver quality service to its clients and to further attract more patronage.

MoreStories

PSG top UEFA 2024-25 revenue list with €144.4 million 

PSG top UEFA 2024-25 revenue list with €144.4 million 

February 13, 2026
inec

INEC fixes February 20, 2027 for presidential election

February 13, 2026

He expressed optimism that the company’s new project, which is presently being worked upon, would reposition it into becoming the number one choice terminal for all, both in Nigeria and West Africa.

Sifax acquires $20 million worth of German mobile harbour cranes

Oyinloye’s words: “With our new internal restructuring project code-named Quantum Leap, Sifax Group is repositioning itself to become the first choice terminal not just in Nigeria but in West Africa.

 “We have also set a target that will increase our revenue with over 300% in five years. One of the ways we can achieve our set targets is to first begin with investment in equipment which will complement our excellent personnel asset.” 

[READ MORE: Resort savings raises N4.3 billion, as Camey and Rock acquire majority shares)

Managing Director, Sifax Ports & Cargo Handling Services Limited, John Jenkins  emphasized the need for the company to acquire the latest equipment in order to meet the architecture requirements of modern ships calling the terminal.

About Sifax Group: Sifax Group was founded in 1988. Its port operation arm, Sifax Ports and Cargo Handling Services Limited commenced operations effectively on May 10, 2006, at Terminal C in Tin Can Island Port, Lagos, Nigeria. The terminal has four berths with a combined length of 795 meters and 13 meters draft and conveniently handles bulk/general cargo carriers, as well as container and RORO vessels.


Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: Adekunle OyinloyeJohn JenkinsLierherr GroupOn the MoneySIFAX GroupSifax Ports and Cargo Handling Services Limited
Chidinma Nwagbara

Chidinma Nwagbara

Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - chidinma.nwagbara@nairametrics.ng

Next Post
Corporate organisations now pay N200,000 for unsolicited premises inspection in Abuja 

Corporate organisations now pay N200,000 for unsolicited premises inspection in Abuja 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast

nairametrics








DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics