ICTSI in Japanese Stake Sale


Global terminal operator International Container Terminal Services (ICTSI) has announced that it will sell its entire stake of 90,000 shares in Japanese container terminal operator Naha International Container Terminal (NICTI) for around US$880,000.

PTI previously reported that ICTSI had placed two orders with Kalmar in a bid to improve operations at two of its terminals.

In Container Management, Christian Gonzalez, Vice President and Head of Asia-Pacific at ICTSI, said: “ICTSI is no longer interested in participating in the negotiations for the renewal of the 10-year lease over NICTI. We are optimising our portfolio and reducing our holdings in facilities we do not fully control from an operational and commercial point of view.”

ICTSI recently announced plans to expand on its presence in Africa by investing in the privatisation of ports in Kenya and Cameroon.

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