The 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 the Snake Island Port, Lagos.
The Chief Marketing Officer, Nigerdock, Kevin Johnson-Azuara, said in a statement on Thursday that the new container terminal would 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.”
Speaking on the alliance, the Chief Executive Officer of Nigerdock, Maher Jarmakani, said: “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.”
In his speech, the MSC President, Diego Aponte, said: “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 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. It consists 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.
MSC Mediterranean Shipping Company, headquartered in Geneva, Switzerland, is a global leader in transportation and logistics, privately owned and founded in 1970 by Gianluigi Aponte.
As one of the world’s leading container shipping lines, MSC has 675 offices across 155 countries worldwide and operates 1,000 vessels.
GIK/APA