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MSC Group, a Geneva-based global leader in transportation and logistics, announced today that it has signed a 45-year concession agreement with Nigerdock to develop a state-of-the-art container terminal at Snake Island Port (SIP) in Lagos.

The Group also stated it has finalised an Engineering, Procurement, and Construction (EPC) contract with ITB Nigeria Ltd. and DEME Group to develop the project.

Nigerdock is a Nigerian maritime and logistics company operating an integrated port and free zone in Lagos, supporting global trade with the African market.

MSC stated that the container terminal project is part of the Group's investment in Nigeria's infrastructure and logistics sector, amounting to over $1 billion. 

The terminal is designed to have a 910-meter Quay, capable of using Ship-to-Shore (STS) cranes and Mobile Harbour Cranes (MHC), serving both deep-sea vessels and barges. The design also considers an initial dredging depth of -16.5 m Chart Datum (CD), aligning with the existing navigation channel depth, and a 30-hectare yard with potential expansion areas, designed for hybrid Rubber-Tired Gantry (RTG) cranes. 

Reflecting MSC Group’s confidence in Nigeria's vital role in the region and its growing status as a major shipping hub, the terminal design is scalable, allowing a final depth of -18m CD to accommodate larger vessels.  

"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,” said Diego Aponte, President of MSC Group. 

He said 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," noted Aponte. 

As one of the world’s leading container shipping lines, MSC has 675 offices across 155 countries and operates 1,000 vessels. Since 1971, MSC has been active in Africa, transporting goods to and from the continent for its customers. MSC maintains an African network of local offices in over 45 countries, along with a global port presence and integrated road and rail solutions.