Page 44 - Logistics News - July August 2023

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Transnet finalises partner selection for upgrade of key

Durban port facility

TRANSNET HAS selected an international terminal operator, headquartered in Manila, Philippines and operates 34 terminal
International Container Terminal Services Inc. (ICTSI), as the operations in 20 countries across six continents, including
preferred bidder for the 25-year joint venture with Transnet Port four in Africa. It is ranked the eighth-largest container terminal
Terminals (TPT) to develop and upgrade its flagship Durban operator in the world and has 11,000 employees.
Container Terminal (DCT) Pier 2.
This will not only improve the logistics associated with
DCT Pier 2 is Transnet’s biggest container terminal, handling servicing South African ports, but will play a significant part
72 percent of the Port of Durban’s throughput and 46 percent of in stimulating exports and imports. This is a growth strategy
South Africa’s port traffic. “Private sector participation in Pier 2 is for Transnet where Pier 2’s current capacity of 2 million TEUs
a key catalyst for repositioning the Port of Durban as a container is planned to increase to 2.8 million TEUs. This is aligned with
hub port. We are delighted to have a global player of ICTSI’s plans by Transnet National Ports Authority (TNPA) to increase
standing on board to drive this process,” says Transnet Group CE the current container capacity in the Port of Durban from 3.3
Portia Derby. million TEUs to an eventual envisaged capacity of 11.4 million
TEUs.
The partnership with ICTSI will help reposition the terminal
for best practice performance, ensuring growth in volume A new company will be formed to manage the operations at
throughput, and will support the terminal in providing operational DCT Pier 2, in which Transnet will have majority ownership of 50
and commercial support to access global shipping line call percent plus one share. The term of the transaction is 25 years,
routes. ICTSI is a leading independent global developer and with an option to extend to a maximum of 30 years in the event
operator of origin and destination container terminals. It is that the berth deepening of the North Quay at Pier 2 is delayed. •

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