ICTSI Manila hits 2M TEU
The Manila International Container Terminal (MICT), International Container Terminal Services, Inc.’s (ICTSI) flagship operation and the Philippines’ largest container terminal, capped 2016 with a milestone as it reached its first year-to-date two millionth TEU move last December. The MICT has an annual capacity of 2.75 million twenty-foot equivalent units (TEU). The two millionth TEU container was offloaded from SITC Osaka, which is operated by Chinese megaliner SITC Container Lines. The container vessel originated from Ningbo in China.
ICTSI Wins “Best Corporate Bond” Award
International Container Terminal Services, Inc.’s (ICTSI) US$450 million perpetual capital securities issue was recently recognized as the Philippines’ best corporate bond at the The Asset Triple A Country Awards 2015. ICTSI issued last August the well-structured perpetual securities that were arranged by Citi, Credit Suisse and Standard Chartered. The issuance generated more than US$1.8 billion of demand from banks, institutional investors and private banking accounts. Rafael D.
AGCT Opens COSCO Service in Rijeka
Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.’s (ICTSI) container handling facility in the Port of Rijeka, Croatia, recently launched China Ocean Shipping (Group) Co.’s (COSCO), Adriatic–Greece–Turkey service (AGT) when COSCO selected AGCT as the first port of call of the service. The AGCT launch was marked by the maiden call of Contship Eco last 24 February. The service, which directly connects Rijeka with Greek and Turkish ports, also links the Northern Adriatic ports with Piraeus, Greece.
Bidding for Davao Port Project Moved to March
The Department of Transportation and Communications (DOTC) has moved the bid submission for the Davao Sasa Port Modernization public-private partnership (PPP) project to March 28 from Feb. 26 to give interested firms more time to prepare their offers. The bidders include San Miguel Holdings Corp.-APM Terminals Management (Singapore) Pte. Ltd.; Portek International Pte Ltd.-National Marine Corp. Consortium; International Container Terminal Services Inc; Asian Terminals Inc.-DP World FZE Consortium; and Ballore Africa Logistics.
Largest Vessel to Call ICTSI, Rijeka
Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.’s (ICTSI) container handling facility in the Port of Rijeka, Croatia, recently serviced the largest vessel to call in the country, the 10,000 TEU-capacity Gerda Maersk. The 367-meter Gerda Maersk, is part of the 2M Alliance by two of the world’s megaliners Maersk and Mediterranean Shipping Co. The alliance, which connects Rijeka and the Far East, deploys 15 vessels with average capacities of 9,600 to 11,300 TEUs.
Container Booking System at ICTSI
In its efforts to limit peaks of trucks around the port area and balance their flow on city roads, International Container Terminal Services, Inc. (ICTSI) will be implementing a Container Booking System that will manage the arrivals and departures of trucks at its flagship, Manila International Container Terminal. The system shall ensure truckers of the smoothest flow possible to and from the ports while limiting the impact of trade movement on the environment and the surrounding communities.
KCI Konecranes for Gdynia Port
Container Terminal (BCT) in Gdynia, Poland. delivered before the end of 2006. 2005. the terminal in early 2003 under a government privatisation programme. per/yr. capacity to 600,000TEU/yr. handle containers for Post Panamax size vessels.
ICTSI Subic on Growth Path
International Container Terminal Services, Inc.’s (ICTSI) new Container Freight Station (CFS) at the Subic Bay Freeport is at the forefront of ensuring the faster movement of goods in the Northern and Central Luzon markets. The two regions continue to grow, driven by industrial centers like Subic, Clark, Bataan, and Tarlac. Launched last year, the CFS is one of Subic Bay International Corp.’s (SBITC) value-added services. The CFS, envisioned to serve as a regional distribution center (RDC)…
New Colombia Container Port to be Developed
International Container Terminal Services, Inc. ("ICTSI") and PSA International Pte. Ltd. ("PSA"), through their subsidiaries, have signed an agreement to jointly develop, construct and operate the container port terminal and ancillary facilities located in the Peninsula of Aguadulce, Buenaventura, Valle del Cauca, Colombia. The agreement involves PSA´s investment in Sociedad Puerto Industrial Aguadulce S.A., an indirect subsidiary of ICTSI, which holds the 30-year concession for the Aguadulce Port Project granted by the Agencia Nacional de Infraestructura of Colombia.
ICTSI Net Income Rises 19%
Manila-based global container terminal operator International Container Terminal Services, Inc. (ICTSI) reported unaudited consolidated financial results for the first half of 2017 posting revenue from port operations of US$603.7 million, an increase of 10 percent over the US$550.8 million reported for the first six months of 2016. The net income attributable to equity holders of US$103.6 million, up 19 percent from the US$87.3 million earned in the same period last year due to the continuing ramp-up at the new terminal in Matadi…
Korea's Hanjin Shipping Mulls Portland Pull-out
Manila's International Container Terminal Services Inc's (ICTSI), troubled venture in Portland, Oregon, faces more difficulties as its big customer, Hanjin Shipping, is pondering whether to leave the port for either Tacoma or Seattle, according to the 'China Logistics Portal'. Portland has been plagued with labour problems, resulting in on-again off-again work slowdowns, which came from conflicting undertakings given to two unions over which union would supply reefer box monitors. The Portland Port Authority contracted the work to the International Brotherhood of Electrical Workers, while the employers' Pacific Maritime Association (PMA) had guaranteed all waterfront work to the ILWU.
ICTSI Clarifies Participation in Sasa Project
International Container Terminal Services, Inc. (ICTSI) clarifies that ICTSI’s response was only to an Invitation to Prospective Bidders issued by the Department of Transportation and Communication (DOTC) for the P18.99B Davao Sasa Port Modernization Project. It was not a bid. It only consisted of pre-qualification information. ICTSI has not yet submitted any bid at this stage. The terms of reference for the project has not yet been released by the DOTC, and access to any documentation on the tender…
Philippines' ICTSI in $450 mln Bond Offering
Philippines port operator International Container Terminal Services Inc (ICTSI) said on Wednesday it is raising $450 million through a bond issue. In a disclosure to the local stock exchange, ICTSI said its board of directors approved on Tuesday night the offering of new senior perpetual capital securities through subsidiary Royal Capital BV. (http://bit.ly/1hLsASV) The corporate bonds would yield 5.5 percent per annum and would be guaranteed by ICTSI. Citigroup Global Markets Ltd, Credit Suisse Securities (Europe) Ltd and Standard Chartered Bank were the joint lead managers and bookrunners. ICTSI, owned by the Philippines' third richest man, Enrique Razon, is into 30 terminal concessions and port development projects in 20 countries. (Reporting By Neil Jerome Morales
Port Worker Crushed to Death in Jakarta
According to an announcement from the International Transport Workers’ Federation, an Indonesian worker who was killed on the job at the International Container Terminal Services Inc (ICTSI) facility in Jakarta overnight. According to the ITWF report, Local unions say the 40-year-old man was fatally crushed at 22.10 local time when a refrigerated container was dropped onto his truck, crushing the cabin and killing the driver, the second workplace fatality at the Port of Jakarta in three weeks.
ICTSI Colombia Gears for 2016 Launch
Sociedad Puerto Industrial de Aguadulce S.A. (SPIA), a unit of International Container Terminal Services, Inc. (ICTSI) in Colombia, recently received four super post Panamax quay cranes (QC) and five rubber-tired gantries (RTG) as it enters the final stage of preparation for the operational launch in 2016 of the Aguadulce Multi-User Container Terminal (AMCT) at the Port of Buenaventura, Colombia. Manufactured by Shanghai Zhenhua Heavy Industry Co., Ltd. (ZPMC), the QCs have an individual lifting capacity of 60 tons, and feature twin lift spreaders.
New Container Terminal Inaugurated in Iraq
International Container Terminal Services, Inc. (ICTSI) formally opened the first phase of its new greenfield terminal development at its Basra Gateway Terminal in the North Port, Umm Qasr, Iraq. The official inauguration of the new facility marks the implementation of the first entirely foreign financed development of new port infrastructure in Iraq. The Hon. Minister of Transport for Iraq, Kadhem Finjan al-Hamami was in attendance as Enrique K. Razon Jr, ICTSI Chairman and President…
ICTSI Acquires Control of Philippines' Port
International Container Terminal Services, Inc. (ICTSI) subsribe to shares giving it a 65% share in Hijo International Port Services Corp. International Container Terminal Services, Inc. (ICTSI), through its wholly- owned subsidiary Abbotsford Holdings, Inc., (AHI), has acquired subscription rights to forty million common shares in Hijo International Port Services, Inc. (HIPS), which is a joint venture company with Hijo Resources Corp. (HRC). This brings AHI’s ownership in HIPS to 162,500,000 shares, which now constitute a controlling 65 precent of the outstanding capital stock of HIPS. HIPS owns the Hijo International Port, a private commercial port in Barangay Madaum, Tagum, Davao del Norte in the Gulf of Davao. The existing port sits within a reclaimed land of about 10.3 hectares.
ICTSI 9M2016 Income Up 4%
International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first nine months of 2016 posting revenues from port operations of US$835.0 million, an increase of five percent over the US$792.0 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$390.3 million, 15 percent higher than the US$339.5 million generated in the first nine months of 2015, and net income attributable to equity holders of US$141.9 million…
Terex Cranes for ICTSI
Terex Port Solutions (TPS) has received an order from a subsidiary of International Container Terminal Services, Inc. (ICTSI) in Iraq for two Terex shiptoshore cranes (STS) and three Terex rubber-tyred gantry cranes (RTG). With this order including comprehensive services, TPS and ICTSI, a leading global port operator, are writing the next chapter in the history of their successful cooperation. Previously TPS has supplied 24 RTG to three different terminals operated by ICTSI in Madagascar, the Philippines and Brazil.
Basra Gataway Buys Custom Damen Dredger
A customized Damen Cutter Suction Dredger, type CSD500, has been named by her owner Basra Gateway terminal at the Damen Dredging yard in the Netherlands. Immediately after the ceremony, the dredger was made ready for transport and towed to Rotterdam, from where it was shipped to Port of Umm Qasr, Iraq. The dredger’s first job will be the port extension for Basra Gataway Terminal. The blessing ceremony took place January 9, when the stationary dredger received the name Ishtar – which translates as ‘Goddess of Love’. The owner, Basra Gataway Terminal (BGT), performed the honors.
ICTSI Opens Georgia-Ukraine Feeder Service
Mediterranean Shipping Company (MSC) made its first port call in Batumi International Container Terminal (BICT) in Batumi, Georgia, marking the launch of Gioia-Ukraine & Georgia feeder service, says International Container Terminal Services, Inc.(ICTSI). “M/V Max Carrier made its first call to Batumi International Container Terminal (BICT) in Batumi, Georgia, marking the launch of the Mediterranean Shipping Company’s (MSC) Gioia -- Ukraine & Georgia feeder service,” ICTSI said in a statement.
Piraeus Port Privatization Bid Soon
As the pushed back the date - the Dec. 21 deadline - for the submission of binding bids for the sale of its biggest port Piraeus (OLP) approaches, the pace is picking up with binding bids, reports WSJ. Three of the world’s biggest port operators expected to submit their binding bids next week. Greece’s leftist government had pushed the move back for a year, upsetting potential investors and the country’s international creditors. The deadline has been postponed three times since Oct.
ICTSI's Fully Automated Terminal Complete
Victoria International Container Terminal (VICT) recently celebrated the completion of its terminal in Webb Dock in Melbourne, Australia ahead of schedule. The celebration was headed by Enrique K. Razon Jr., International Container Terminal Services, Inc. (ICTSI) Chairman and President, along with His Honor Luke Donnellan, Victoria State Minister of Ports; Councillor Bernadene Voss, Port Phillip City Mayor; and Brendan Bourke, Port of Melbourne CEO. “This is an achievement that…