News Infrastructures

Shipping Company MSC Secures 45-Year Deal for Lagos Container Terminal

Shipping Company MSC Secures 45-Year Deal for Lagos Container Terminal
Thursday, 12 March 2026 19:08
  • MSC has signed a 45-year concession with Nigerdock to develop a container terminal at Snake Island Port in Lagos.
  • The project is part of a broader $1 billion investment plan in Nigeria’s logistics and port infrastructure.
  • The new terminal aims to expand port capacity as congestion pushes traffic toward rival ports in West Africa.

MSC has signed a 45-year concession agreement with Nigerdock to develop a new container terminal at Snake Island Port (SIP) in Lagos, the company announced on March 11, 2026.

The concession forms part of a broader investment plan by the Italian-Swiss shipping group worth more than $1 billion in Nigeria’s logistics and port infrastructure.

The planned terminal will feature a 910-meter quay capable of handling Ship-to-Shore (STS) cranes and mobile harbor cranes (MHC), allowing it to serve both deep-sea vessels and barges. The facility will also include a draft of 16.5 meters—expandable to 18 meters over time—and a storage area covering 30 hectares, with additional space reserved for hybrid rubber-tired gantry (RTG) cranes.

The port expansion comes as Nigeria seeks to increase the capacity of its maritime infrastructure, which has struggled to keep pace with rising trade volumes. Rapid population growth and years of underinvestment in port facilities have contributed to chronic congestion, prompting some shipping traffic to shift toward competing ports in neighboring countries.

For MSC, the concession represents another step in strengthening its position in West Africa. Through its subsidiaries Terminal Investment Limited (TIL) and Africa Global Logistics (AGL), the group already manages major terminal concessions across the region, including in Cotonou, Lomé, Abidjan, and Tema.

MSC’s shipping arm has also expanded services to West African ports and deployed larger vessels on those routes.

In September 2025, the company launched the Iroko service, a direct maritime route linking China and Singapore with several ports in West and Central Africa, including Pointe-Noire, Cotonou, Lagos, Onne, and Lobito. The service provides additional weekly connections to complement cargo flows that typically pass through regional hubs such as Lomé or Tema.

While the new terminal is expected to expand Nigeria’s port capacity, several challenges remain. These include improving cargo evacuation infrastructure, modernizing port procedures, and easing chronic congestion across the Lagos metropolitan area.

As competition intensifies among maritime hubs along the Gulf of Guinea, the operational performance of the future terminal—and its integration into regional supply chains—will be key to capturing a larger share of trade flows.

Henoc Dossa

On the same topic
Liberia, Sierra Leone to launch 255-km transnational road corridor $364 million project aims to boost trade, connectivity Toll sections may...
New master plan targets aviation development through 2045 Nigeria ranks second in Africa for domestic air traffic Infrastructure gaps and...
Air Algérie signs MoU to develop a modern cargo terminal at Algiers Airport. The project includes a 10,530 m² facility with 25,500 m³ storage capacity...
Passenger traffic reached 2.55 million in 2025, up slightly year-on-year Air freight rose 7% to 34,844 tons Growth came in below earlier projections...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
03

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
04

Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...

Francophone Africa: A Rising Economic Giant With Weak Internal Trade
05

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.