The South African port, rail and logistics group Transnet has signed an agreement with the Filipino terminal group International Container Terminal Services, Inc (ICTSI) with the purpose of to establish a special purpose vehicle to manage and develop the container terminal at Pier 2 of the port's Durban Container Terminal of Durban. The new company, which is expected to become operational on January 1st, will be controlled by the Transnet, while the minority shareholder ICTSI will have the task of operating the port terminal. The partnership agreement has a duration of 25 years.

In July 2023, ICTSI had been selected as a bidder preferential for the management and development of DCT2. The container terminal, which is the largest capacity in the port network of the public group Transnet, will be equipped with new handling equipment and new technologies that, According to forecasts, they will allow to increase its capacity of traffic from two million to 2.8 million TEUs per year.