MSC said the ambitious terminal is to be built by ITB Nigeria and DEME Group, and is expected to be ready by year 2028.
By Olawale Lamina With Additional Reports
The world’s largest container shipping company, (Mediterranean Shipping Company), MSC, has entered into a 45-year concession deal with the Nigerian maritime company Nigerdock, which aims to develop, operate , and maintain a new container terminal at Snake Island Port in Lagos state, according to the Swiss-based company.
Reuters report says the dedicated MSC terminal would be part of the company’s announced $1 billion investment in infrastructure and logistics in Nigeria.
Global shipping companies are primed to secure long-term entrenchment in emerging markets as supply chains are structured worldwide. Nigeria, Africa’s largest economy, is grappling with stark congestion at Lagos’ ports.
MSC said the ambitious terminal is to be built by ITB Nigeria and DEME Group, and is expected to be ready by year 2028
Upon completion of the project, it will occupy 30 hectares (74 acres) and feature a 910-metre (3,000 ft) quay capable of handling ship‑to‑shore cranes and mobile harbour cranes, serving both deep-sea vessels and barges.
Snake Island Port is an 85-hectare facility operated by Nigerdock, a maritime and logistics company, and comprises three terminals serving the Lagos port complex.
Meanwhile, MSC recently announced it will unveil a “War Risk Surcharge” (WAR) for cargo shipments from the Indian subcontinent and Gulf countries to African destinations and Indian Ocean islands.
According to the shipping company, the surcharge will apply to all cargo moving from Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE to West Africa, East Africa, South Africa, Mozambique, and the Indian Ocean islands.
Mediterranean Shipping Company S.A., branded as MSC, is an international shipping line and part of MSC Group. It was founded by Italian entrepreneur Gianluigi Aponte and his wife Rafaela Aponte-Diamant in Italy in 1970.
Source: Business Inside Africa
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