APM Terminals – a little gem hiding in plain sight
A ‘blankety blank’ cheque book and pen…
The port of Durban (Photo: Tom Westcott)
By Alex Lennane
A complaint by losing bidder APM Terminals has led a court to temporarily block the deal between International Container Terminal Services (ICTSI) and Transnet to develop a container terminal in Durban.
A South African court ruled that Transnet’s selection of ICTSI was “potentially flawed … and unfair”, after APMT challenged the decision, questioning the solvency evaluation of ICTSI, reports Port Calls. The judge has issued the injunction until the case is heard and resolved.
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