Ports and Cargo Handling Services Limited has projected a significant revenue growth in 2026 with general cargo, increased volumes of steel, vehicles, palletised cargo, and higher import flows from Asia into Nigeria.

The company said its strategic decision of refocusing its business primarily on general cargo and break-bulk handling was responsible for its operational rebound in 2025.

To sustain this growth and cope with the expected increase in business volume, the company has outlined a 2026 capital expenditure plan that includes investments in crane upgrades, the acquisition of additional forklifts, and terminal trucks.

Managing Director, Ports and Cargo Handling Services Limited, John Jenkins, said these investments will also help ease capacity constraints, reducing equipment hire costs and maintaining operational efficiency.

According to Jenkins, the improved performance follows a strategic repositioning of the terminal after a challenging 2024, where it lost some high-profile clients, which negatively affected the terminal’s cargo volumes and earnings.

He said in response, the company refocused its operations on general cargo and break-bulk handling, a move that stabilised the business and unlocked a new growth trajectory.

He said the restructuring of its stevedoring activities also played a major role in the recovery process.

“Our strategic operational reforms played a critical role in the rebound. The company restructured its stevedoring operations, resulting in a significant reduction in operating costs and measurable improvements in productivity following a change in service provider,” he said.