Ports & Terminal Multiservices Ltd (PTML) is one of the leading dedicated Ro/Ro terminals in West Africa.
The company was registered in 2003 by Grimaldi Lines to respond to the initial invitation of the Federal Government to participate in the development of port facilities in Nigeria.
Acknowledging the necessity to expand terminal areas in Lagos rather then relying on the existing over-stretched port facilities, Grimaldi Lines, through its Special Purpose Vehicle – PTML – proposed the development of a completely new terminal in a totally neglected and underutilized area of Tin Can Island.
This would have been the first new terminal built in Lagos, since the completion of Tin Can Island Port Complex in 1977.
In February 2005 Grimaldi Lines through its subsidiary PTML signed an agreement with the Federal Government of Nigeria to Build, Operate and Transfer (BOT) a new terminal in Lagos. Under the BOT agreement – the first of this kind signed by the Federal Government in the maritime sector – Grimaldi assumed the obligation to build the new infrastructure at its own cost, to manage it for 25 years, to pay royalties to the Nigerian Port Authority and to return it at the end of the concession to the Federal Government.
The first phase of the Terminal – which entailed the construction of a new 220mt berth, the paving of 220,000 sqm and the provision of all necessary infrastructure – was commissioned after only 16 months, in August 2006 by the then President of Nigeria, Chief Olusegun Obasanjo, GCFR. The second phase – which included the construction of a second 200mt berth and the reclamation of additional 40,000 sqm of terminal area, was completed one year later.
Today PTML is Nigeria’s most important port for Ro/Ro freight traffic and a major container and project cargo port facility. As the sole terminal called in Lagos by Grimaldi Lines, PTML is the gateway to All Four Corners of the Atlantic with weekly sailings from North Europe and the Mediterranean, United States and Canada, South America and West Africa.
As a leading dedicated terminal operator with a talented work force and state-of-the-art facilities specifically designed to serve the Ro/Ro Trade, PTML is uniquely positioned to offer high quality services to Nigerian importers and exporters.
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