International Shipping Company Hapag-Lloyd Seeks Further Growth in Ghana as Firm Focuses on Expanding Market in Africa

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Hapag-Lloyd, one of the world’s leading liner shipping companies, is celebrating the official opening of its new office in Tema, the most important port city in Ghana. In a statement issued on May 2nd, 2018 the firm said that it will manage most of its operational activities in West Africa from this location.

“I’m very pleased that our enhanced presence in West Africa is showing initial signs of success,” said Anthony Firmin, Chief Operating Officer (COO) of Hapag-Lloyd.

“Our West Africa Express (WAX) service from and to West Africa has been operating with extraordinary success for several years and is very well received by customers. With our new East Africa Service (EAS), connecting all major trades globally via our hub in Saudi Arabia with Kenya and Tanzania, we have entered another new trade. As a result, we are tying Africa even more closely to our global network while benefiting at the same time from positive economic developments in large parts of Africa,” he continued

The move comes at a time when West Africa’s GDP has grown significantly in the last two years, rising by an average of 6%. Ghana numbers among the fastest-growing economies in the region. The growth is primarily driven by the trade in gold, but also in oil and gas products. Among Ghana’s most important export goods are cocoa, timber products and cashew nuts.

As such, Hapag-Lloyd has massively expanded its presence in Africa over the last two years and established a fast connection from West Africa to Europe via what are now two transportation services known as the West Africa Express and the Mediterranean West Africa Express.

With a fleet of 219 modern container ships and a total transport capacity of 1.6 million Twenty-Foot Equivalent Units (TEU), Hapag-Lloyd is one of the world’s leading liner shipping companies.

The Company has over 380 offices in 125 countries. Hapag-Lloyd has a container capacity of 2.3 million TEU, including one of the largest and most modern fleets of reefer containers.

As such, Hapag-Lloyd is one of the leading operators in the Transatlantic, Middle East, Latin America and Intra-America trades.

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