About us
About Us
We aim at redefining Ports and Terminal Operations in Nigeria with our commitment to Valued Customers, Unequaled Efficiency in Operations, and Excellent Safety Standards.
Tincan Island Container Terminal Ltd (TICT), established in 2004, is a multinational company operating in Nigeria with its Terminal located at Tin-can Island Port, Terminal B (2nd Gate), Apapa, Lagos and has its Head Office at 1/3 Point Road, Apapa, Lagos.
After a very competitive bid process, TICT emerged as the concessionaire of Terminal B, Tincan Island Port. Tincan Terminal presently has 2 major shareholders – Bollore Transport & Logistics Group (France) and Strong Best Investment comprising China Merchant Port (CMP) and China Africa Development Fund (CADF). Armed with a long term lease agreement with the Federal Government of Nigeria, and an unwavering commitment to continued investment in Port development, we are poised to position ourselves as a key industry player within the African sub-region.
We are an organization driven by innovation, intelligence and commitment to excellence. We are open to all stakeholders of the Port Community, creating platforms for value creation and advancing opportunities.
We are composed of seasoned Management and dedicated Staff who work in synchronization towards the achievement of set goals and objectives. Our ambition through a collaborative approach with our larger Port Community, is to act and be recognized as a pro-active and pioneering change agent, keen and able to positively contribute to Nigeria / Lagos Port ecosystem efficiency and modernization.
Efficiency
Operational excellence and high production standards are attributes that have driven the success of our organization.
Commitment
At Tincan Terminal, though we are independent of any Shipping Line, we remain commercially proactive towards them all – as well as towards our Import / Export market.
Opportunities
One of our goals is to continuously create ways of turning Port and Terminal operations into opportunities for career development.
OUR SHAREHOLDERS
Bolloré Group
In 1822, “Papeteries Bolloré,’’ specializing in the production of thin paper, was established as a family-owned company. In 1981, Vincent Bolloré took over the family-business. Thanks to a diversification strategy based on innovation and international development, the Bolloré Group currently holds a strong position in each of its three lines of business: Transportation and Logistics, Communications and Electricity Storage Systems.
The Bolloré Group is among the 500 largest groups in the world. Publicly listed, it is still majority controlled by the Bolloré family. The stability of its shareholder base enables it to pursue a long-term investment policy.
Bolloré Transport & Logistics, subsidiary of Bolloré Group, is a global leader in freight forwarding and logistics with 36,500 employees and EUR 8.7 billion revenue in 2018.
It is the leader in transportation and logistics in Africa with a presence of over 50 years.
With 250 subsidiaries in 44 countries, Bolloré Transport & Logistics is one of the biggest private employers on the African continent, with a workforce of 24,500.
Bolloré Transport & Logistics provides its local and international clients with a unique integrated logistics network and a range of services allowing goods to be imported and exported to the most remote places.
Bolloré Ports is established as a leading Port concession operator in Africa.
Bolloré Transport & Logistics maintains an advanced sustainable development strategy in Africa. To that end, it invests in health, education, quality, environment, culture and sport.
China Merchants Group
China Merchants Group (CMG) is a state-owned backbone enterprise headquartered in Hong Kong and is under the direct supervision of State-owned Assets Supervision and Administration Commission of the State Council (SASAC). The Group’s total profit, net profit and total asset ranked No.1 among all central state-owned enterprises. As a pioneer in China’s national industry and commerce, CMG was founded in the Self-strengthening Movement in the late Qing Dynasty in 1872. At present, the Group mainly focuses on three core industries: comprehensive transportation, featured finance, holistic development and operation of residential communities and industrial parks.
China Merchants Port Holdings Company Limited (“CMPort”, formerly China Merchants Holdings International “CMHI” before Aug 2016) was listed on the Hong Kong Stock Exchange in 1992 (00144). As a world-leading port investor, developer and operator, CMPort (100% subsidiary of CMG) has established a relatively complete port network along China’s major hub ports, with investment or management rights of terminals distributed in Hong Kong, Taiwan, Shenzhen, Ningbo, Shanghai, Qingdao, Tianjin, Dalian, Yingkou, Zhangzhou, Zhanjiang, Shantou and other container hub ports, meanwhile has successfully deployed in Southeast Asia, Africa, Europe, the Middle East, North America, South America and Oceania. In 2019, the Group’s port sector’s equity throughput ranked first in the world with the collective container throughput reached 112.99 million TEUs, and the bulk cargo throughput reached 490 million tons.
Guided by the vision “To be a world class comprehensive port service provider” and supported by its domestic, overseas and innovation strategies, CMPort strives to strengthen its core competencies in global throughput, market share, port service businesses, management, resource efficiency, productivity and brand building among others.
China-Africa Development Fund
The establishment of CADFund is one of the important measures announced by the government of the People’s Republic of China at the Beijing Summit of the Forum on China-Africa Cooperation in 2006. It is also China’s first equity fund focusing on investment in Africa, aiming at boosting Africa’s industrialization process and enhancing Africa’s sustainable development capacity through investment. CADFund was officially launched in June 2007 and undertaken by China Development Bank (CDB). With a capital amount of 10 billion US dollars, CADFund is headquartered in Beijing and has five representative offices in South Africa, Ethiopia, Zambia, Ghana and Kenya.
CADFund is also entrusted with the management of the China-Portuguese Speaking Countries Cooperation and Development Fund(CPDFund), totaling 1 billion US dollars, with the aim of promoting economic and trade cooperation between China and Portuguese-speaking countries through investment.
CADFund aims to promote Africa’s economic development and industrialization, reduce poverty, improve African peoples’ livelihood, enhance Africa’s capacity for sustainable development, and build a tightly-knit “community of shared future for all mankind” through market-oriented investment.
