13.9 C
Sunday, May 19, 2024
Home Port News Nigerdock receives government approval for Snake Island Port

Nigerdock receives government approval for Snake Island Port

Nigerdock, a Nigerian maritime and logistics company, and Snake Island Integrated Free Zone, an economic development area, have received approval from the Federal Government of Nigeria for the commencement and expansion of Snake Island Port, an 850,000 m² facility.

Snake Island Port is a multipurpose port facility comprising three terminals located within Snake Island Integrated Free Zone.

The approval was granted on 17 May 2023 by the Federal Executive Council (FEC), which has oversight on the implementation of major infrastructure projects across the country.

This new 45-year concession agreement for Snake Island Port with the Federal Government now allows an expanded operational scope and also aims to attract around US$1 billion in private investment.

Latest Posts

Bridging the Gap: Understanding Your Options for Immediate Financial Needs

When faced with an unexpected financial hurdle, such as a medical emergency, car repairs, or sudden unemployment, the need for immediate financial solutions becomes...

MSC increases rates for shipments to Valencia and Antwerp

Swiss/Italian container carrier MSC has announced new Freight All Kinds (FAK) rates for shipments to Europe, effective from 1 June until further notice but not...

Hapag-Lloyd announces peak season surcharges for shipments to North America

Hamburg-based box line Hapag-Lloyd has announced new peak season surcharges for shipments destined for North American ports. The German company will apply a new peak...

CFL multimodal and ista Luxembourg ink long-term deal

CFL multimodal, through its subsidiary CFL logistics, and ista Luxembourg S.à r.l have signed a long-term agreement, under which the logistics expert will provide...

MSC launches new weekly North Peru Feeder service

MSC has announced the “North Peru Feeder”, a new dedicated feeder service from Salaverry and Paita in Peru to provide increased port connections and...