In the News Today: Philippines-based International Container Terminal Services (ICTSI) announced that it will be fighting Maersk’s legal challenge to the awarding of the concession to operate Durban’s container terminal. The company won in July 2023 a tender process conducted by Transnet to invest in the terminal and operate it under a 25-year concession but has faced opposition to the deal which so far has prevented it from proceeding.
A court in South Africa has now issued an interdict against Transnet’s selection of ICTSI permitting the case to proceed in court and further delaying the effort to privatize operations of the beleaguered terminal. APM Terminals, the port operating company for A.P. Moller-Maersk, filed a protest in March against the awarding of the… continue reading HERE.
In the News Today: A South African court on October 9 temporarily blocked the deal between International Container Terminal Services, Inc and Transnet for the development of Durban Container Terminal Pier 2 in the Port of Durban
Transnet in July 2023 declared ICTSI as the preferred bidder for the 25-year joint venture to develop and operate DCT 2
Losing bidder APM Terminals challenged the Transnet decision, claiming the solvency evaluation of ICTSI was irregular
ICTSI said it will pursue its legal rights while Transet said it is evaluating its options
A South African court on October 9 temporarily blocked the deal between International Container Terminal Services, Inc (ICTSI) and Transnet SOC Ltd for the development of Durban Container Terminal (DCT) Pier 2 in the Port… continue reading HERE.
Population:As of the latest census, the population of Pietermaritzburg is estimated to be around 400,000 residents.
Trash
Canada: You have two cows. But who cares about beef when you\’ve got Poutine.
Dropkick
Drinking game: SA rules whenever your girl friend goes to the loo you take 4 shots