THE chairman and CEO of International Container Terminal Services, Inc (ICTSI) Enrique K Razon Jr has released a statement slamming Danish shipping giant Maersk’s legal challenge, through its APM Terminals company, which halted ICTSI’s privatization of South Africa’s Durban container port. Transnet, a South-African-government-owned port, rail, and pipeline company had initiated a bidding process to privatize and rehabilitate the port. ICTSI had won the bid; however, in what Mr Razon has called...
https://www.seanews.com.tr/ictsis-boss-slams-maersk-for-delaying-durban-port-privatization/201744/