Maersk Questions Rival's Solvency in Battle Over South Africa's Durban Container Port.

A.P. Moller - Maersk A/S is challenging the award of a concession to run and expand South Africa's Durban container port to International Container Terminal Services Inc. (ICTSI), claiming that ICTSI did not meet the solvency requirements. Maersk argues that ICTSI should have been disqualified for failing to meet the necessary financial capacity. The legal challenge could potentially delay or derail Transnet's efforts to bring in private expertise to improve the efficiency of its ports. Maersk, the runner-up in the bidding process, questions ICTSI's ability to execute the project. [Extracted from the article]