ICTSI Wins Sudan Port Contract
Philippines-based International Container Terminal Services Inc. (ICTSI) said it has been chosen by the government of Sudan to handle the operations and management of the South Port Container Terminal (SPCT). In a disclosure to the Philippine Stock Exchange yesterday, ICTSI said the state-run Sea Ports Corp. of Sudan (SPC) has confirmed it as the preferred bidder to operate and manage the SPCT under a 20-year concession. ICTSI, controlled by gaming and ports tycoon Enrique Razon Jr., said that SPC is the independent state corporation of the Republic of the Sudan that governs, constructs and maintains the country’s ports, harbors and lighthouses.
ICTSI Shows Interest in Greece's Port
Philippines head quartered International Container Terminal Services Inc. has expressed interest in a majority stake in Piraeus port in Greece, says a report in AFP. “Yes. We are now reviewing this opportunity,” ICTSI vice president and treasurer Rafael Consing Jr. said in a text message. Greece unblocked the sale of a 51 per cent stake in Piraeus port and has invited three short listed investors to submit binding bids by September. Chinese conglomerate COSCO and the Dutch company APM Terminals have also expressed interest on the privatization of Piraeus port and have until September to submit their offer. The Greek government is selling a 51-percent stake in the Piraeus port, the largest port in Greece, lower than the 67 percent stake it earlier offered.
New Philippine Port Facility Inaugurated
A new $200-million port facility in Manila inaugurated by President Benigno S. The President poured champagne on the marker of Berth 6 of the Manila International Container Terminal (MICT) to signal its formal opening. The port facility, operated by International Container Terminal Services Incorporated (ICTSI), has increased annual capacity of 1.9 million 20-foot equivalent units (TEUs) to 2.5 million TEUs. The berth, whose construction started two years ago, can now accommodate up to seven ships at one time. The President did not deliver any speech during the event and instead was given a briefing about the new port terminal by ICTSI officials led by its chairman and president Enrique Razon Jr. who sited a 6.4 percent economic expansion in the first quarter of the year.
