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Monday, 26 May 2014

APMT joint venture gets second concession in Angola

Sogester signs Namibe concession Sogester signs Namibe concession APM Terminals

Sogester, the APM Terminals joint venture which operates a container terminal in Luanda, has been awarded a second concession in Angola, to operate the southern port of Namibe.

The only port in Southern Angola, Namibe serves the hinterland to Menongue and through the city of Lubango. Sociedade Gestora de Terminais (Sogester) has signed a 20-year concession to operate, maintain and develop it.

Sogester “will invest in equipment, infrastructure, training, safety, and processes to improve productivity and increase the number of vessel calls and volumes going through Namibe,” APM Terminals announced today.

In 2007, Sogester – then owned 51% by the terminal operating arm of Danish group AP Moller Maersk and 49% by Angolan pension fund Gestao de Fundos – signed a 20-year concession agreement with the Angolan government to operate the country’s main container terminal in Luanda.

The Port of Namibe, covered by this second concession, is “in a strong commercial position with a growing population,” notes APM Terminals. It is located close to fine quality marble and granite sourcing. The city is also the starting point of the 907km long Caminho de Ferro de Moçamedes railway.

The port currently has a 480m berth with 10.5m depth and a 274m berth with 6m depth. And Sogester intends to “significantly improve” its bulk handling capabilities.

“We look forward to creating higher levels of productivity, safety and efficiency to help grow Namibe and the broader regional market through a more competitive port”, said Richard Mitchell, managing director of Sogester.   

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