CAIRO — Sudan’s military rulers on Tuesday suspended a contract with Philippine port operator International Container Terminal Services, Inc. (ICTSI ) pending its cancellation, the country’s Transitional Military Council (TMC) said in a statement.
Workers at Port Sudan’s southern container terminal went on strike in February to protest against a 20-year concession signed in January for an ICTSI subsidiary to operate, manage and develop the South Port Container Terminal at Port Sudan.
“The TMC … issued a presidential decree to suspend the contracts of the Filipino company working at Port Sudan’s southern port until legal measures are completed to cancel the contract,” Tuesday’s statement said without elaborating.
Shares in ICTSI dropped by 4.78% or P6.10 to close at P121.40 each on Wednesday. — Reuters