Posted on January 5, 2026
MANILA, Philippines — International Container Terminal Services Inc. (ICTSI) has taken over management of a South African terminal responsible for 46 percent of cargo traffic in the country.
In a disclosure to the Philippine Stock Exchange (PSE), ICTSI said it has opened 2026 on a high note, formally adding the Durban Container Terminal (DCT) Pier 2 to its portfolio.
“ICTSI would like to inform the PSE and Securities and Exchange Commission that the formal management transition of the DCT Pier 2 at the Port of Durban commenced on Jan. 1, 2026,” ICTSI said.
The turnover comes a month after ICTSI signed the 25-year agreement to take over DCT Pier 2. The concession requires ICTSI to invest in the further development of the terminal to gear it up for future demand.
Currently, DCT Pier 2 handles more than 70 percent of cargo traffic in the Port of Durban, the largest port in South Africa. Further, DCT Pier 2 is facilitating 46 percent of cargo passage in South Africa, making it one of the most important infrastructure in the country.
With the turnover, ICTSI is managing a terminal that spans 1,760 meters in quay length with 120 hectares of container storage and backup area.
For ICTSI, adding DCT Pier 2 to its projects cements its grip as one of the biggest port operators in the world, with terminals to its name across six continents.
ICTSI had fought hard to secure the concession for DCT Pier 2, as it contended with a legal hurdle following its victory through a bidding in 2023.
ICTSI faced a legal complaint from APM Terminals BV, owned by Moller-Maersk, regarding its financial capability to take over DCT Pier 2. In October 2025, a high court in South Africa junked the legal challenge.
The court ruled that state-run firm Transnet SOC Ltd. acted within its discretion in awarding the concession. It also concluded that ICTSI complied with the bidding requirements, debunking all of APM Terminals’ claims.
In its latest financial statement, ICTSI said its profit grew by 19 percent to $751.56 million in the nine months to September last year, propelled by the resurgence of port activities.
ICTSI is co-managing DCT Pier 2 with Transnet, which owns South African assets involved in the logistics industry, from ports and pipelines, to properties and railways.
