The performance of the first quarter of 2024 on the Container Terminal of the Port of Kribi beats all-time records since the start of operations of the Port of Kribi.
Since the beginning of commercial operations in the Port of Kribi, terminal performances have been on the rise over the years making Kribi one of the most sought-after destinations in the sub-region. The Port Authority of Kribi even bagged the award of best productivity quay in November 2023 presented by the Jury of the 7th edition of the African Ports Award. This is glaring evidence of the dynamism of the Port’s terminals, namely the Container Terminal.
2024 promises to be an even bigger year for the Container Terminal. As a matter of fact, the first quarter has had a very good start, with records never achieved in some business segments over the same period. For instance, containerised import traffic went from 7,526 TEUs in August 2023 (a record at the time) to 8,878 TEUs on 31 March 2024. Domestic container traffic jumped from 9,026 TEUs in August 2023 (a record at the time) to 10,720 TEUs in March 2024. This indicates strong activity on both imports and exports.
So, the first quarter of 2024 is the best since the beginning of commercial operations in the Port of Kribi with 76,867 TEUs, i.e. an outstanding 38% increase as compared to the first quarter of 2023 which recorded 55,802 TEUs, therefore marking it the 2nd consecutive quarter of positive growth. Regarding import traffic, the first quarter of 2024 recorded a significant 80% increase, that is 21,504 TEUs as compared to the first quarter of 2023 which recorded 11,960 TEUs. The Container Terminal of the Port of Kribi is showing very positive momentum for the first quarter of 2024, particularly in the containerised import sector, which is recording significant growth.
Overall, these trends point to an outstanding start of the year for the container terminal activities, which bodes well for the rest of the year considering the increasing involvement of the major operators of the Port.
