Mediterranean Shipping Company (MSC), the world’s largest shipping line, has signed a 45-year sub-concession agreement with Nigerdock to develop and operate an exclusive 30-hectare container terminal within the Snake Island Port (SIP) in Lagos.
The new container terminal is scheduled for completion by 2028 and will feature a 910-meter quay, six Ship-to-Shore (STS) cranes, two ship berths, three barge berths, and a draft of up to 18 meters.
Commenting on this game-changing alliance, Maher Jarmakani, CEO of Nigerdock, said:
“We are delighted to reach this milestone in our partnership with MSC to develop a world-class container terminal within Snake Island Port. This enables the world’s leading shipping line to establish a presence in Nigeria and brings significant foreign direct investment into the country to accelerate the growth of the maritime and logistics sector.”
Diego Aponte, Chairman of MSC, stated: “The completion of this key phase in the development of the Snake Island container terminal with Nigerdock and our trusted partners demonstrates the MSC Group’s commitment to delivering excellent service to our customers in Nigeria and across Africa. The new terminal will unlock new opportunities, improve efficiency, and position Snake Island Port as a major global maritime hub. Combined with our group’s other long-term investments in Nigeria, it will create many local jobs and significantly boost economic revenues and resilience.”
Snake Island Port is an 85-hectare port facility operated by Nigerdock. It includes three terminals that have significantly expanded the capacity and operations of the Port of Lagos.
About Nigerdock
Nigerdock is a Nigerian maritime and logistics company that operates an integrated port and free zone in Lagos, facilitating global trade with the African market.
About MSC and the MSC Group
MSC Mediterranean Shipping Company, headquartered in Geneva, Switzerland, is a global leader in transportation and logistics. It is a privately owned company founded in 1970 by Gianluigi Aponte. As one of the world’s leading container shipping lines, MSC has 675 offices in 155 countries and operates 1,000 vessels. Since 1971, MSC has been helping customers transport goods to and from Africa. With a network of local offices in more than 45 African countries, a global port presence, and integrated road and rail solutions, the MSC Group has become the preferred partner for importers and exporters across the continent’s supply chain.
