US EditionTransnet, ICTSI Sign 25-Year Deal to Transform Durban Container Terminal
The $650 million upgrade aims to boost Durban Container Terminal Pier 2 capacity by 40% and improve crane moves per hour from 18 to 28, officials said.
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7 Articles
ICTSI seals long-delayed deal to take over South Africa's biggest port terminal
MANILA, Philippines — Tycoon Enrique Razon Jr. has further expanded the global footprint of flagship International Container Terminal Services Inc. (ICTSI) by finalizing a long-delayed deal to take over a big terminal at the Port of Durban in South Africa. ICTSI disclosed to the Philippine Stock Exchange on Thursday that it had signed an agreement with Transnet SOC Ltd (Transnet), a South African government state-owned company (SOC) that owns r…
Transnet And ICTSI Seal Partnership For Durban Container Terminal Pier 2
Transnet SOC Ltd (Transnet) and the world’s largest independent terminal operator, International Container Terminal Services, Inc (ICTSI) today officially signed a 25-year partnership agreement for the strategic Durban Container Terminal (DCT) Pier 2. The landmark agreement marks a pivotal moment in Government’s economic reforms agenda and Transnet’s strategy to crowd in the private sector into selective and strategically identified areas of the…
ICTSI puts pen to paper on long-delayed Durban terminal deal
Manila-based port operator International Container Terminal Services Inc (ICTSI) has formally signed a 25-year partnership agreement to run and upgrade Durban Container Terminal (DCT) Pier 2, South Africa’s busiest container facility. The contract sets in motion a long-planned joint venture between Transnet and ICTSI, with operations to shift to the new structure
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