June 24 - According to reports in the international media, Nigeria's Indorama and OIS have said they intend to develop a world-class terminal at Onne Port, Port Harcourt, at a cost of around USD130 million.

Reports suggest the new terminal is over 70 percent complete and will primarily be used for exporting Indorama's dry bulk fertiliser, and for handling breakbulk and containerised cargoes.

The terminal will have a 320 m quay and be able to handle vessels ranging from 5,000 dwt to 35,000 dwt, while 6.2 ha of terminal space will be used to house cargoes. It is estimated that it will be able to process around 150,00 tonnes of breakbulk cargoes annually, in addition to 1 million tonnes of dry bulk cargo.