ICTSI commences formal takeover of Durban Container Terminal Pier 2

DCT2 handles nearly half of all South African port traffic.

International Container Terminal Services Inc. (ICTSI) has commenced the formal management transition of Durban Container Terminal Pier 2 (DCT2) at the Port of Durban, South Africa.

In a bourse filing, ICTSI said the transition commenced on 1 January.

Transnet SOC Ltd (Transnet), a South African Government state-owned company (SOC) that owns South Africa's railway, ports and pipelines infrastructure, has signed an agreement with ICTSI for a 25-year joint venture to operate and further develop the DCT2.

DCT2 is Transnet’s biggest container terminal, handling over 70% of the Port of Durban’s throughput and approximately 46% of South Africa’s port traffic. The terminal has 1,760 metres of operational quay length and 120 ha of container storage and backup area.