Transnet rails at failed Durban port bidder

Transnet CEO Michelle Phillips has called out the losing bidder for the Durban Container Terminal Pier 2 (DCT2) operating licence for trying to use the courts to cajole it to accept a lower bid for a prized asset that accounts for nearly half of SA’s port traffic.

Transnet is opposing a legal challenge launched by APM Terminals, the port operating company of Danish logistics major AP Moller-Maersk, to set aside the multiyear contract that was awarded to Filipino ports giant International Container Terminal Services Inc (ICTSI)...

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