ICTSI says inefficiencies at Durban port are costing SA R1bn a day
Filipino ports giant says judge made adverse findings against it and Transnet without supporting evidence
Transnet’s preferred bidder to operate its Durban Container Terminal Pier 2 (DCT2), International Container Terminal Services (ICTSI), will on Wednesday tell the high court in Durban that the interdict placed on its private-public partnership deal with the state-owned entity is harming the economy, with inefficiencies at the terminal costing SA R1bn a day.
The Filipino ports giant led by billionaire Enrique Razon is looking for leave to appeal against the court’s October decision which interdicted the project pending a legal challenge by losing bidder APM Terminals, the port operating company for Danish logistics major AP Moller-Maersk...
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