Maersk Contests Transnet’s Pick for South African Port Partner
This article is for subscribers only.
A.P. Moller - Maersk A/S is contesting a process held by South Africa’s state logistics firm Transnet SOC Ltd. to find a partner to develop sub-Saharan Africa’s biggest container port.
International Container Terminal Services Inc. won the award to buy almost half of the main container terminal in the southeastern port city of Durban and operate it for 25 years. Maersk unit APM Terminals, which was among the companies that applied for and lost the bid, is challenging that decision through an interdict application in the Durban High Court.