International Container Terminal Services, Inc. (ICTSI) said Friday it started commercial operations at a port in Central Africa through its subsidiary, Kribi Multipurpose Terminal.
ICTSI said its multipurpose terminal at the port of Kribi, Cameroon is designed to handle “multipurpose shipping line services, including roll-on/roll-off ships, project and heavy lift cargo, forestry products, dry bulk and other general cargoes.”
The terminal also offers support services to the oil and gas industry, the listed firm said in a disclosure to the stock exchange.
The terminal is capable of accommodating “the largest vessels plying the waters today,” it added.
The ICTSI’s subsidiary has a contract to operate the facility for 25 years until 2045.
The port is surrounded by the Kribi Industrial Area, which is seen to accommodate “new industrial and logistical developments” that would support Cameroon’s economy and the Cameroon-Chad Corridor.
ICTSI currently operates 30 terminals based on data from its website, spread across the Philippines, Asia-Pacific, Latin America, Europe, Middle East and Africa.
In Africa, ICTSI already operates Matadi Gateway Terminal in Congo and the Madagascar International Container Terminal Services Ltd. in Toamasina, Madagascar.