11 Oct 2025 | 3 Mins Read
Maersk loses bid to block South Africa port deal
Flipitmoney
A South African court dismissed Maersk's case against a port-expansion deal awarded to ICTSI, headed by Enrique Razon, allowing the expansion of Africa's top container hub. The court found ICTSI's solvency ratio calculation was transparent. Razon's firm will spend $638 million on the project, while Maersk said it will assess its next steps.