AsiaPorts and Logistics

ICTSI secures port concession contract in Cameroon

Manila-based container port operator International Container Terminal Services (ICTSI) has entered into a concession contract with the Port Autonome de Kribi (PAK) for the development, operation and maintenance of the Kribi Multipurpose Terminal (KMT) in Cameroon.

Under the agreement, ICTSI is the official concessionaire of the multipurpose terminal for the next 25 years.

KMT is a newly built deep-water port located 150 kilometers south of Douala. It is purpose built to handle multipurpose shipping services including roro, project and heavy lift cargo, forestry products, dry bulk and other general cargoes, and to offer support services to the oil and gas industry.

“Our purpose as a company is to make the Port of Kribi a driver for positive and sustainable growth, thus ICTSI will work diligently to partner the Cameroonian business community by providing efficient and safe port services. Our services will act as a catalyst for Cameroons foreign trade and we will actively promote the Kribi Logistic Corridor – encompassing Cameroon, Chad, Central African Republic, Republic of Congo, Equatorial Guinea and Gabon,” said Hans-Ole Madsen, ICTSI senior vice president and regional head for Europe, Middle East and Africa.

ICTSI will further invest in KMT’s infrastructure and superstructure, with an aim to double the size of the port by 2024.

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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