World’s largest shipping line, Mediterranean Shipping Company (MSC), 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 (SIP), Lagos, The Nation has learnt.
The new container terminal, due for completion in 2028, is expected to usher in significant foreign direct investment into the country.. The agreement, according to the Chief Executive Officer of Nigerdock, Maher Jarmakani, would be completed with 910-meter quay wall at the terminal, six Ship-to-Shore (STS) cranes, two ship berths, three barge berths, and up to 18 meters of draft.
According to him: “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.”
MSC President, Diego Aponte said the firm was ready to provide excellent service to its customers in Nigeria and throughout Africa
His words: “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.”
The new terminal, he said, “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.”
Snake Island Port is an 85-hectare port facility operated by Nigerdock. It is comprised of three terminals which have significantly boosted Lagos Port’s capacity and existing operations.
Nigerdock is a Nigerian maritime and logistics company operating an integrated port and free zone in Lagos, facilitating global trade with the African market.
The MSC Mediterranean Shipping Company has its headquartered in Geneva, Switzerland. It is a global leader in transportation and logistics, privately owned and founded in 1970 by Gianluigi Aponte.
