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ICTSI poised to take over Cameroon port
International Container Terminal Services Inc. (ICTSI) is poised to further strengthen its position as a global ports operator giant as it looks to add the Port of Kribi in Central Africa in its extensive portfolio. In a disclosure to the Philippine Stock Exchange, ICTSI said it has been declared by the Port Autonome de Kribi on June 14 as the preferred bidder for the concession of the development, operation, and maintenance of the multi-purpose terminal of the Port of Kribi.
Chinese-Built Port Evokes Dreams of El Dorado in Cameroon
Since the initial agreement to build the port at Kribi was signed in 2009, 10 Chinese firms, including CHEC and its holding company, China Communications Construction Co., have obtained concessions to mine bauxite, iron ore and other minerals. Other Chinese companies are constructing office towers in the capital, Yaounde, and stadiums for the 2019 Africa Cup of Nations soccer tournament. The Kribi project also highlights CHEC’s rapid expansion on the continent, where it’s won dozens of contracts and is expanding ports from Guinea in West Africa to Tanzania in the east. In Cameroon, CHEC has the country’s largest projects: the first and second stages of the Kribi complex will cost $1.3 billion, while it’s also building a $453 million highway linked to the port, holds a contract to dredge the port of Douala and has signed an accord for a railway to the Mbalam iron-ore deposit. After a slow start, the port shipped almost 3,000 logs of timber from the Central African Republic by June and handled about 80 vessels by mid-July.
The CMA CGM BIANCA, largest ship to call in Cameroon (Kribi)
The CMA CGM Group, a leader in maritime transport, is pleased to announce the start of its commercial operations at the Kribi Container Terminal. On this occasion, the CMA CGM BIANCA, 8721 TEUs and 335 meters long, became the largest container ship to call in Cameroon on 2 March 2018, the company said in its press release.News schreiben
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