Mediterranean Shipping Company (MSC) has finalized a significant 45-year sub-concession agreement with Nigerdock for the development, operation, and maintenance of an exclusive container terminal at Snake Island Port in Lagos, Nigeria. The new facility will cover 30 hectares and is designed to accommodate a 910-meter quay, six ship-to-shore cranes, two ship berths, and three barge berths, with a draft depth of up to 18 meters. This development is expected to bolster Nigeria's capacity in international shipping and logistics, catering to both local and global demand.

The announcement was made by Nigerdock's Chief Marketing Officer, Kevin Johnson-Azuara, and highlights the strategic importance of establishing a world-class terminal in Nigeria. The Chief Executive Officer of Nigerdock, Maher Jarmakani, expressed excitement about the collaboration with MSC, which is a renowned leader in the global shipping industry. This partnership is symbolic of significant foreign investment aimed at enhancing the nation's maritime sector, fostering growth and modernization in logistics infrastructure.

Completion of the terminal is slated for 2028, reflecting Nigeria’s ambitions to expand its logistical capabilities and attract more international trade. The establishment of such facilities is essential for improving the country’s economic landscape and elevating it as a competitive player in African and global maritime affairs. This agreement is a step toward transforming Nigeria’s port capabilities to better accommodate maritime activities in line with modern global standards.