Maersk in Biggest African Port Project

Maersk is to support the expansion of the Port of Tema, Ghana with an investment of around US$1.5 billion, which is anticipated to be the largest port expansion project in Africa.

According to Marine Link, Nils Anderson, CEO of Maersk, called on the President of Ghana, John Dramani Mahama, to extend the group's support to expand the Port of Tema to nearly four times its existing capacity.

Nils Anderson said that the funding arrangements are already in place and that the concession agreement between Meridian Port Services (MPS), of which Maersk is a key partner, and the Ghana Ports and Harbours Authority (GPHA) is now waiting to be sealed.

Maersk is also reportedly in talks with Asian shipbuilders to supply ten 20,000 TEU mega-ships worth a total $1.5bn.

Nills Anderson concluded by mentioning that Maersk is also exploring oil and gas investment opportunities in Ghana, saying: “First and foremost, we will be going in on the service sector and we are bringing in our drill ship worth about $700,000, and supply vessels and tugs and so we are ready to do business in Ghana.”

(Source: Maersk)