Nigerdock And MSC Sign Historic 45-Year Deal To Transform Lagos’ Snake Island Into A Global Shipping Hub

Nigerdock and MSC sign a 45-year deal to build a 30-hectare container terminal at Snake Island Port, Lagos. Completion set for 2028.

By: AXL Media

Published: Mar 12, 2026, 6:14 AM EDT

Source: The information in this article was sourced from PUNCH

A Long-Term Vision for Nigerian Maritime

In a major boost for West Africa’s logistics sector, Nigerdock and Mediterranean Shipping Company (MSC) have entered into a 45-year partnership to revolutionize the Snake Island Port in Lagos. Announced on March 12, 2026, the deal authorizes MSC to develop and maintain an exclusive 30-hectare container terminal. This long-term commitment is designed to provide the world’s leading shipping line with a permanent "home" in Nigeria, facilitating smoother trade routes and attracting substantial foreign direct investment into the country's maritime infrastructure.

State-of-the-Art Infrastructure by 2028

The development phase of the Snake Island Container Terminal is expected to conclude by 2028. According to technical specifications released by Nigerdock, the facility will feature:

A 910-meter quay length

Two dedicated ship berths and three barge berths