Foundations crumbling under APMT's prestigious African port project

Fascinating article from Danish publication ShippingWatch on the prospects for APM Terminals’ flagship greenfield container terminal development at Badagry in Nigeria. The first plans for the 1m teu project were drawn up in 2012, but since then the declining price of oil has dampened demand for consumer goods and other containerised imports, and its rationale has largely evaporated. Meanwhile, the government has repeatedly, and very publicly, stated that APMT had been selected to both build and operate the port, leaving ...