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JPS plans to inject $55million investment in storage facility

By Gloria Ehiaghe   |   18 July 2017   |   3:28 am

Seaport


• Receives European Quality Award 

For an improved service delivery and efficiency of its terminal, one of the leading terminal operators in Nigeria, Josepdam Port Services (JPS) has put up new measures to inject a $55million investment plan to increase the storage capacity of its terminal by 150,000 tonnes. 
   
Specifically, the organization noted is part of its five years development plan following its ambition to be one of the leading terminals in Nigeria.The Managing Director, Simon Travers disclosed this in Lagos when the company received an international recognition by the European Business Assembly in Switzerland conferring on it the European Quality Award for marketing purposes.
  
Already, Travers stated the organization has gotten an approval by the Nigerian Ports Authority (NPA) for the construction of 20 silos on the terminal. He said with this additional storage facility, 15 of it would be operated on dry bulk cargo while the remaining five would be pegged for wet bulk cargo.

   
Impressed with the new feat, the JPS boss further stated that with the attention to fill the silos at least four times in a year, indicates an additional 100,000 tonnes throughput within the next five years. With a renewed vigour, he noted that the project would be achievable through the methods of increased productivity and efficiency of the terminal that accorded the organization to draw an international recognition. According to Travers, the manufacturing of the million dollars equipment, he stressed is carried out in Switzerland, Sweden and Spain and would be imported within the next 20 months.
   
“So, what we are doing now is that we are going to put an integrated conveyer system and extractor system on the tunnel. This is a $55million investment that we are ready to do now. The conveyer system and the extractors can discharge ships at 600 tonne an hour. 
  
“Currently, the average discharge is 300 an hour. The system we are putting in place is 600 tonne an hour. The silos which we’ve had a push from NPA would be built alongside the devices. Our projection within the next five years would be 3.5million tonnes per annum,” the JPS MD said.
 
Even with a downslide in the volume of production which was hinged on the state of a recessed economy, the operator which is one of the leading dry bulk specialist in Lagos, said it witnessed a boost in its first quarter of 2017 with an average of 2.2million tonnes of throughput when compared to the corresponding period of 2016 with a 1.9million tonnes throughput.
  
Describing the first quarter, 2017 throughput as a tremendous improvement, the JPS boss said: “Although production has gone down we still maintain our throughput. We’ve encouraged new customers to the port and it’s through our customers we’ve managed to keep the throughputs going through. 
   
“Obviously, we have this new incentive with the federal government on fertilizer business up to the northern states which is self-sufficient. In 2015 and 2016, we grew about 30,000 tons of fertilizer. In 2017, we grew over 100, 000 tons of fertilizer in the first half of this year. In essence, comparing the 2015 and 2016 figures with that of 2017, we have made tremendous figures”.
  
Propelled to make the terminal the best in Nigeria, JPS has set in new standards in its operations, part of which has reduced its days of vessel berth from five days to one day while it also operates an e-banking system of payment for smooth and ease banking transactions with large investment on training of its personnel.
  
“JPS have to recognize our partners, they are all JPS plans to inject $55million investment on storage facilitydoing fantastic key jobs for us and more importantly for us is how we have developed in our staffs to become more productive and effective and this is why we have secured this award. This award that we have received is extremely important to us. It tells us that we have been recognized outside of Nigeria which is fantastic to us.”
  
When asked on the challenges faced in doing business in Nigeria, describing it as appalling, Travers bemoaned the state of the roads that leads to the nation’s busiest port, urging the federal government to do the needful. With regards to other policies, the managing director added that the unavailability to access the Central Bank of Nigeria foreign exchange window is also a massive problem to their business.


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Josepdam Port Services


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