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Manila Bulletin devider Business devider The Stock Market devider ICTSI seals agreement to operate Durban container terminal in South Africa

ICTSI seals agreement to operate Durban container terminal in South Africa

Published Dec 11, 2025 02:37 pm
Jabu Mdaki (left), Transnet Port Terminals chief executive, with Michelle Phillips, Transnet Group chief executive, and Hans-Ole Madsen, ICTSI vice president and regional head for Europe, Middle East and Africa, during the signing of the 25-year partnership agreement for DCT Pier 2.
Jabu Mdaki (left), Transnet Port Terminals chief executive, with Michelle Phillips, Transnet Group chief executive, and Hans-Ole Madsen, ICTSI vice president and regional head for Europe, Middle East and Africa, during the signing of the 25-year partnership agreement for DCT Pier 2.
Durban Container Terminal Pier 2
Durban Container Terminal Pier 2
Enrique K. Razon-led International Container Terminal Services Inc. (ICTSI), the world’s largest independent terminal operator, has signed a 25-year partnership agreement with Transnet SOC Ltd. for the strategic Durban Container Terminal (DCT) Pier 2 in South Africa.
“The landmark agreement marks a pivotal moment in [the South African] government’s economic reforms agenda and Transnet’s strategy to crowd in the private sector into selective and strategically identified areas of the business,” said ICTSI.
It is expected to enhance terminal productivity and increase throughput, ultimately improving the organization’s operational efficiency and container supply chains.
The agreement paves way for the joint partnership between Transnet Port Terminals (TPT) and ICTSI to manage the upgrade and development of Pier 2, which will take effect on Jan. 1, 2026.
Under the agreement, Transnet holds a majority shareholding in a new special purpose vehicle (SPV), Newco, while ICTSI will be responsible for operation of the terminal.
ICTSI has an excellent track record across the globe in improving the performance, service, and efficiency of ports.
In July 2023, Transnet selected ICTSI as the preferred bidder for the transaction, following a rigorous and transparent procurement process.
Through the introduction of new equipment and advanced technology, DCT Pier 2 is expected to increase its capacity from two million to 2.8 million twenty-foot equivalent units (TEUs) and improve gross crane moves per hour (GCH) from 18 to 28 as well as ship working hour (SWH) from 60 to 120.
These improvements are envisaged to reduce logistics costs and improve service quality, thus broadening market access and attracting new volumes.
“Through our deliberate and expansive investment in new equipment across our terminals, the performance of DCT Pier 2 has been on an upwards trajectory. We expect that our partnership with ICTSI will further propel this crucial terminal to its full potential,” said Transnet Group Chief Executive Michelle Phillips.
She added that, “Private-sector participation (PSP) transactions are an important element of our strategy to modernize, expand, and improve our key assets. It is also a big step in our efforts to improve efficiencies across our terminals and transform our ports into world-class hubs.
“This is consistent with our approach to enhance efficiency and growth through strategic partnerships. PSP in ports has the potential to positively influence efficiencies, export processes, and global competitiveness.”
ICTSI Senior Vice President Hans-Ole Madsen said, “This partnership marks a shared commitment to revitalizing South Africa’s maritime infrastructure and unlocking new opportunities for growth for South Africa and the entire region.”
“Pier 2 is a strategic asset for South Africa, critical to trade, jobs, and economic growth. ICTSI is proud to invest in Durban’s future, bringing global expertise and technology to ensure DCT Pier 2 becomes a world-class terminal that benefits the entire region. We look forward to getting started, working closely with Transnet to execute our shared vision,” he noted.

Related Tags

International Container Terminal Services Inc. (ICTSI) Transnet SOC Ltd
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