West Africa Container Terminal (WACT) Onne has impacted trade & economic activities in Nigeria by increasing the competitiveness of the port,making it attractive for shipping lines to sail directly from Asia, particularly China, America and Europe to Onne with vessels as large as 4000TEUs capacity. This has had a direct impact on the cost of goods as compared to past.
This was achieved by a N29bn investment made by the company in terms of yard capacity, introductionof sophisticated cargo handling equipment and electronic solution for invoicing and payments, reducing vessel waiting time, dwell times and above all reducing the number of days for containers to arrive Nigerian markets from the origin of shipment.
Speaking recently, the Managing Director of WACT, Mr. Martin Jacob concurred to the fact that the Onne Port is now more competitive with an average of three direct vessel calls per week from China especially which has grown by 22% year on year since 2011. This is attributed to the visible investment and development being made in the terminal.
He also said that the WACT Onne is a one stop shop business environment that houses shipping lines and government agencieswithin the terminal to reduce travel time for customers and increase the ease of doing business in WACT.
Mr. Jacob said, “West Africa Container Terminal is determined to becoming the new hub of economic activities in Nigeria, being the gateway to major markets in Onitsha, Kano, Abuja, Nnewi, Enugu, Aba, Ogidi and Port Harcourt which will in-turn boost the nation’s economy. Hence our resolve to keep investing and increasing the competitiveness of the WACT so that larger ships can call the port directly and importers don’t have to travel hundreds thousands of miles to collect their goods when they can easily do that in Onne”.
WACT is also planning to begin a Roll on-Roll Off service where vehicle importers can clear their car in Onne and also increase stacking area by 100,000 sqm.
West Africa Container Terminal Onne started commercial operations in 2007, and has proven to be one of the most customer friendly ports in Nigeria. WACT is the most efficient gateway to most markets outside greater Lagos area.
The terminal has a capacity of 314,000 TEUs and 250 reefer plugs with a depth of 12 meters.