Mediterranean Shipping Company (MSC) has signed a 45-year sub-concession agreement with Nigerdock for the development, operation and maintenance of an exclusive container terminal at Snake Island Port in Lagos.
The Chief Marketing Officer of Nigerdock, Kevin Johnson-Azuara, disclosed this in a statement on Thursday, noting that the facility will occupy about 30 hectares within the Snake Island Port.
According to the statement, the container terminal is expected to be completed by 2028 and will feature a 910-metre quay, six ship-to-shore cranes, two ship berths, three barge berths and a draft depth of up to 18 metres.
Nigerdock’s Chief Executive Officer, Maher Jarmakani, said the partnership marks a major milestone in efforts to expand port capacity and strengthen Nigeria’s maritime logistics sector.
He said the collaboration would create a dedicated operational base for MSC in Nigeria while attracting significant foreign direct investment into the country.
“We are thrilled to take this step forward in our partnership with MSC to develop a world-class container terminal within Snake Island Port. 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,” Jarmakani said.
MSC President, Diego Aponte, also described the project as a strategic investment aimed at improving service delivery and strengthening trade across Africa.
He noted that the terminal would boost efficiency in cargo handling, expand logistics capacity and enhance the status of Snake Island Port as a key global shipping hub.
“Completing this key phase in the development of Snake Island Container Terminal with Nigerdock and our trusted partners demonstrates MSC Group’s commitment to providing excellent service to our customers in Nigeria and throughout Africa,” Aponte said.
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“The new terminal will open up opportunities, enhance efficiency and elevate Snake Island Port as a major global shipping centre. Together with our Group’s other long-term investments in Nigeria, it will generate many local jobs and significantly increase economic revenue and resilience.”
Snake Island Port is an 85-hectare port facility operated by Nigerdock, comprising three terminals that support cargo handling and logistics operations within Lagos Port.
Nigerdock is a Nigerian maritime and logistics company operating an integrated port and free zone in Lagos, facilitating trade between Africa and global markets.
MSC, headquartered in Geneva, Switzerland, is one of the world’s largest container shipping and logistics companies. Founded in 1970 by Gianluigi Aponte, the company operates about 1,000 vessels and maintains over 675 offices in 155 countries.
The company has maintained a strong presence in Africa since 1971, with offices in more than 45 countries and an extensive logistics network linking sea, road and rail transport for importers and exporters across the continent.
