Hapag-Lloyd Invests in West Africa


Hapag-Lloyd has opened a new office in Tema, a port city in Ghana, to capitalize upon the West African region’s growth in shipping.

The carrier, which has a total global transport capacity of 1.6 million TEU, will manage all its activities in West Africa from Tema — a region that is benefitting from West Africa's average GDP growth of 6% over the last two years.

Ghana also numbers among the fastest-growing economies in the region.

Gold is the primary source of trade in the region, with oil and gas products also contributing towards the new growth.

Among Ghana’s most important export goods are cocoa, timber products and cashew nuts.

Hapag-Lloyd has expanded its presence in Africa over the last two years and established a fast connection from West Africa to Europe via two services.

Both services will call at the port city of Tema, which is near Ghana’s capital of Accra.

Read about how ports and terminals are facing unprecedented challenges in 'Mega-Alliance Impact', a technical paper by global shipping analyst Neil Davidson from Drewry

The carrier plans to be part of the call for the port’s annual handling capacity to triple by mid-2019, from 1 million to 3 million TEU.

Hapag-Lloyd is also expecting additional growth opportunities from this capacity expansion.

Anthony Firmin, Chief Operating Officer of Hapag-Lloyd, said: “I’m very pleased that our enhanced presence in West Africa is showing initial signs of success.

“Our West Africa Express (WAX) service from and to West Africa has been operating with extraordinary success for several years and is very well received by customers.

“With our new East Africa Service (EAS), connecting Saudi Arabia with Kenya and Tanzania, we have entered another new trade.

“As a result, we are tying Africa even more closely to our global network while benefiting at the same time from positive economic developments in large parts of Africa.”

Read more: The CMA CGM Group has secured an agreement with Lekki Port LFTZ Enterprise to operate Nigeria’s next newest container terminal at Lekki Port after its completion at the end of 2020

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