Swiss-Based Shipping Giant MSC Inks 45-Year Terminal Deal with Nigeria’s Nigerdock
Mediterranean Shipping Company (MSC), the world’s largest shipping line, has signed a 45-year sub-concession agreement with Nigerdock to develop, operate, and maintain an exclusive container terminal spanning 30 hectares within Snake Island Port, Lagos.
The new container terminal will be completed by 2028 with a 910-meter quay, six ship-to-shore cranes, two ship berths, three barge berths, and up to 18 meters of draft, according to a statement on Thursday.
“We are thrilled to take this step forward in our partnership with MSC to develop a world-class container terminal within Snake Island Port,” Nigerdock CEO Maher Jarmakani, said. “This gives the world’s leading shipping line a home in Nigeria and brings significant foreign direct investment into the country to accelerate growth in the maritime and logistics industry.”
MSC President, Diego Aponte said the new terminal will open up opportunities, enhance efficiency, and elevate Snake Island Port as a major global shipping center.
“Together with our group’s other long-term investments in Nigeria, it will generate many local jobs and significantly increase economic revenue and resilience,” he added.
Snake Island Port is an 85-hectare port facility operated by Nigerdock. It comprises three terminals that have significantly boosted Lagos Port’s capacity and existing operations.
