“No Vessels Rescheduled” APM Terminal Management Clarifies, As Gas Shortage Hits Liberia

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The Management of APM Terminals Liberia Ltd. wishes to draw the attention of the Liberian public to a statement made by the Managing Director of the Liberia Petroleum Refining Company (LPRC) during her press conference on February 10, 2020.

The statement alleged as follows: “that due to APM Terminals rescheduling of vessels at the National Port Authority, this has caused extreme delays and inconvenience in the petroleum products mainly Gasoline (PMS) as the result of the rescheduling of vessels…“.

The Management of APM Terminals Liberia Ltd. wishes to put on record that the company has not rescheduled any vessels and we have no knowledge of vessels being rescheduled, a release is quoted as saying .

Therefore, we totally and completely reject the unsubstantiated claim and wish to inform the Liberian public accordingly.

For the sake of good order, we wish to share the involvement of APM Terminals Liberia Ltd. in Petroleum vessel movements, in and out of the Freeport of Monrovia as follows:

• APM Terminals Liberia Ltd. is only responsible to provide marine services (berthing/ unberthing, pilotage, towing, mooring, etc.) to petroleum vessels to the LPRC pier or the BMC Pier at the FreePort of Monrovia

• Berthing of all Petroleum vessels is predicated on meeting draft and other Port requirements

• APM Terminals Liberia Ltd. is NOT involved in the discharge of Petroleum products • Petroleum vessels berth at the LPRC pier and BMC pier only

• Both the LPRC and BMC piers are outside the APM Terminals concession area and therefore APM Terminals is NOT involved in the scheduling/rescheduling of Petroleum vessels planned for the two piers The Management of APM Terminals Liberia Ltd.wishes to reaffirm our commitment towards the Government and People of Liberia, as we contribute positively towards developing the Freeport of Monrovia into a world class state-of-the-art Port.

the release also noted that APM Terminals has invested over US$ 130 million in the upgrade of Port infrastructure and equipment over the past nine years.

Beyond this, the company has and will continue to fulfill its obligations relating to the payment of concession fees, corporate taxes and land lease fees.

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