ICTSI expanding in Australia, Iraq
International Container Terminal Services, Inc. (ICTSI) has paid $5.8 million for the remaining 10 percent of Victoria International Container Terminal (VICT) it doesn’t own that was held by Anglo Ports. ICTSI now fully controls VICT, who in 2014 signed a $509m agreement to design, build, commission, operate, maintain and finance the Port of Melbourne’s new international container terminal. The new container terminal is part of Melbourne’s us$1.5 billion port capacity project, which the port believes is vital for economic growth in the Australian state of Victoria. Meanwhile, Basra Gateway Terminal (BGT), a wholly-owned subsidiary of ICTSI Inc., said operations at the Port of Umm Qasr in Iraq are now in full swing.
Cargotec's Kalmar Wins Order for Melbourne's Container Terminal
Kalmar, part of Cargotec, has won a significant contract to deliver container handling equipment and related automation technology worth of more than EUR 40 million to Port of Melbourne's new container terminal, operated by Victoria International Container Terminal Ltd (VICTL). The order includes 12 automated stacking cranes and 11 automated shuttle carriers and they will be delivered during 2016. Kalmar's partnership with VICTL, a consortium comprised of Philippines-based International Container Terminal Services Incorporated (ICTSI) and Australia's Anglo Ports, marks a milestone in Australia's port infrastructure development. Australia has shown the way in port automation and Kalmar has played a key role in introducing innovative automation solutions to the country's leading ports.
Philippines' ICTSI Bags Australian Port Deal
Philippine-based International Container Terminal Services Inc (ICTSI) said on Friday its Australian unit would invest up to A$548 million ($508 million) to build and operate port facilities in Melbourne. ICTSI told the Philippine Stock Exchange its Victoria International Container Terminal Ltd unit signed a 26-year contract with the Port of Melbourne Corporation to build, operate and finance a terminal and container park in the city, Australia's largest hub for containerised cargo. The investment in the terminal development is estimated at A$439 million for the first two phases, which will be operational by 2017. Further investments of A$109 million are likely to increase capacity, ICTSI said.
ICTSI Wins Long-Term Montreal Port Contract
Philippine-based International Container Terminal Services Inc (ICTSI) said on Friday its Australian unit would invest up to A$548 million ($508 million) to build and operate port facilities in Melbourne. ICTSI told the Philippine Stock Exchange its Victoria International Container Terminal Ltd unit signed a 26-year contract with the Port of Melbourne Corporation to build, operate and finance a terminal and container park in the city, Australia's largest hub for containerised cargo. The investment in the terminal development is estimated at A$439 million for the first two phases, which will be operational by 2017. Further investments of A$109 million are likely to increase capacity, ICTSI said.
