International Container Terminal Services Inc. (ICTSI) has signed a 25-year partnership with South Africa’s state-owned Transnet to run and upgrade Durban Container Terminal (DCT) Pier 2, the country’s busiest container facility. The joint venture, effective January 1, 2026, is part of the government’s economic reform drive and Transnet’s plan to bring private sector expertise into key operations.
Under the agreement, Transnet will keep majority ownership in a new operating company, while ICTTI—named preferred bidder in 2023—will take charge of day-to-day operations. The partners aim to boost terminal capacity from 2 million to 2.8 million TEUs and significantly improve crane and ship-handling productivity through new equipment and advanced technology.
Transnet CEO Michelle Phillips said the deal will help modernize port infrastructure, cut logistics costs, and improve service levels. ICTSI senior vice president Hans-Ole Madsen said the partnership will help revitalize South Africa’s maritime sector and strengthen the region’s trade competitiveness.
ICTSI, based in Manila and operating terminals worldwide, sees Pier 2 as a key gateway for jobs, trade, and economic growth across southern Africa.
