Ports and Cargo Handling Services Limited, a subsidiary of SIFAX Group, has projected a stronger operational and revenue rebound in 2026, building on gains recorded in 2025 following a strategic refocus on general cargo and break-bulk handling.
The company said its improved performance in 2025 was driven by a deliberate repositioning of the terminal after a challenging 2024, when the loss of some high-profile clients negatively impacted cargo volumes and earnings. In response, management shifted focus from container-dependent operations to general cargo and break-bulk services, a move that stabilised operations and opened a new growth trajectory.
Managing Director of Ports and Cargo Handling Services Limited, John Jenkins, explained that internal operational reforms were central to the recovery. According to him, the company restructured its stevedoring activities, leading to a significant reduction in operating costs and noticeable improvements in productivity following a change in service provider.
Jenkins said the company also invested in critical operational equipment, including forklifts and spare parts, while rebalancing its workforce to strengthen service delivery. He noted that key operational roles were filled with experienced personnel to support higher cargo volumes and improve efficiency across the terminal.
Looking ahead to 2026, the company projected significant revenue growth, with general cargo expected to account for the largest share. This growth is being driven by increased volumes of steel, vehicles and palletised cargo, alongside rising import flows from Asia into Nigeria.
To sustain the momentum and prepare for higher business volumes, Ports and Cargo Handling Services Limited has outlined a capital expenditure plan for 2026. The plan includes crane upgrades, the acquisition of additional forklifts and terminal trucks, aimed at easing capacity constraints, reducing reliance on hired equipment and maintaining operational efficiency.
While acknowledging ongoing challenges such as limited terminal space and volatility in container shipping services, management expressed confidence in the company’s outlook for the year.
According to Jenkins, lessons learned during the 2025 recovery period have strengthened the company’s approach to cost control, customer engagement and operational execution. He added that with demand no longer the primary constraint, the focus for 2026 would be on efficient execution, handling increased cargo volumes while protecting margins and sustaining profitability.
Ports and Cargo Handling Services Limited operates within SIFAX Group’s ports and logistics portfolio, providing specialised cargo handling solutions and playing a growing role in Nigeria’s maritime and trade ecosystem.
