Harboursandport.com: Lagos, Nigeria – March 12, 2026: The 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 a new container terminal at Snake Island Port, SIP, Lagos.
The terminal, spanning 30 hectares, is expected to be completed 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.
Speaking on the partnership, Chief Executive Officer, CEO of Nigerdock, Maher Jarmakani, described the deal as a game-changer for Nigeria’s maritime industry.
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,” he said.
MSC President, Diego Aponte, emphasized the company’s long-term commitment to Nigeria and Africa.
In 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 will open up opportunities, enhance efficiency, and elevate Snake Island Port as a major global shipping center,” he noted.
Snake Island Port, operated by Nigerdock, is an 85-hectare facility comprising three terminals that have already boosted Lagos Port’s capacity. The new MSC terminal is expected to further strengthen Nigeria’s position as a hub for global shipping and trade.
The project will generate thousands of local jobs, expand Nigeria’s fuel and cargo handling capacity, and significantly increase economic resilience. It also aligns with MSC’s broader investments in Nigeria, which include integrated road and rail logistics solutions.
Industry analysts say the partnership underscores the growing importance of private-sector investment in port infrastructure, particularly as Nigeria seeks to modernize its maritime sector and attract more global trade flows.
With MSC’s global network spanning 675 offices in 155 countries and a fleet of 1,000 vessels, the new terminal is expected to integrate Nigeria more deeply into international shipping routes, enhancing competitiveness and efficiency.
The concession agreement marks a milestone in Nigeria’s maritime development, positioning Snake Island Port as a future global shipping hub and reinforcing MSC’s role as a trusted partner in Africa’s supply chain.
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