ICTSI quits Nigerian port project

ICTSI quits Nigerian port project

International Container Terminal Services Inc (ICTSI) continues to prune its ports empire. Having already exited Brunei and Portland this year, the Philippine terminal operator has decided to terminate its sub-concession at Lekki port in Nigeria.

“The parties arrived at this decision following delays in the execution of the Lekki Port Project,” ICTSI said in a release. ICTSI first signed up for the project near Lagos in 2012.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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