International Container Terminal Services Inc News

05 Dec 2019

Port Operator ICTSI to Double Capacity at Congo Terminal

© Mike Mareen / Adobe Stock

Philippines-based port operator International Container Terminal Services Inc. (ICTSI) will more than double the capacity of its container terminal in Congo as part of a $100 million expansion, the company said on Thursday.Located on the Congo River, the port city of Matadi, where ICTSI operates the Matadi Gateway Terminal (MGT) under a joint venture with Congolese property management company SIMOBILE, is the Democratic Republic of Congo's primary shipping hub.The planned expansion will bring MGT's throughput capacity up to 400…

28 Aug 2019

ICTSI in Talks with Honduran Govt

Photo:  ICTSI

The global port management company, International Container Terminal Services, Inc. (ICTSI) said that its Honduran unit  Operadora Portuaria Centroamericana (OPC) is in talks with the government of Honduras to improve the facilities at Puerto Cortes, Central America 4‚Äôs (CA-4).Puerto Cortes, Central America 4‚Äôs (CA-4) largest port operated by OPC, can expect faster cargo movement in and around the terminal with OPC beefing up its partnership with Honduran authorities for improved and more efficient port services‚Ķ

12 Aug 2019

ICTSI Sells Stake in Motukea Port

Image: ICTSI

International Container Terminal Services, Inc. (ICTSI) is selling its 30% stake in a company that operates the Motukea Port, Papua New Guinea.According to a stock exchange announcement, ICTSI South Pacific Ltd, a subsidiary of ICTSI, has entered into agreements with Noho-Mage Holdings Ltd. for the latter to acquire a minority stake in Motukea International Terminal Ltd. (MITL).MIT is the sole facility in Port Moresby which can handle international containers. Ro/Ro and break…

27 Jun 2019

ICTSI Manila Yard Utilization Falls Again

Manila International Container Terminal, Philippines.  Photo: ICTSI

The global port management company International Container Terminal Services Inc.(ICTSI) said yard utilization at its Manila port dropped 58 percent in June despite a series of holiday periods and low trucking activity.The Manila International Container Terminal (MICT), ICTSI flagship, recorded the drop in utilization rates despite recording its all-time highest throughput over a four-month period.Philippines-headquartered port and terminal operator said that this follows the 70 percent utilization rate recorded in April…

19 Jun 2019

ICTSI to Acquire Cameroon Port

Image: ICTSI

The International Container Terminal Services Inc. (ICTSI) has been declared as the preferred bidder for the development, operations and management of the Port of Kribi in Cameroon for 25 years.Philippine government's  News Agency quoted ICTSI disclosure to the stock exchange saying that: "ICTSI has been declared preferred bidder for the concession of the development, operation and maintenance of the Multi-Purpose Terminal of the Port of Kribi by the Port Autonome de Kribi. Parties‚Ķ

10 Jun 2019

ICTSI Intros New Terminal in Croatia

Pic: International Container Terminal Services Inc. (ICTSI)

The Croatian subsidiary of International Container Terminal Services Inc. (ICTSI) at the Port of Rijeka, Adriatic Gate Container Terminal (AGCT) is set to realize a comprehensive expansion plan in the period up to mid-2020.AGCT, in cooperation with the Rijeka Port Authority,  has drawn up plans for a two-phase dredging scheme with the first phase fully-approved, entailing the dredging of 130 meters of quay over its Berths 1 and 2. This will facilitate the berthing of vessels with a length overall (LOA) of up to 400 meters.

23 Apr 2019

Sudan Suspends Philippine Port Operator

Sudan's military rulers on Tuesday suspended a contract with Philippine port operator International Container Terminal Services Inc pending its cancellation, the country's Transitional Military Council 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 to operate, manage and develop the South Port Container Terminal at Port Sudan.Reporting by Khalid Abdelaziz

12 Apr 2019

ICTSI Argentina Opens TecPlata Terminal

Log-In’s Jacaranda berthed at Tecplata. Pic: ICTSI

International Container Terminal Services Inc (ICTSI) has inaugurated container operations at TecPlata, located in Argentina‚Äôs Puerto de La Plata.The opening ceremony was attended by the vice governor of the province of Buenos Aires, the Minister of Production and several other national, provincial and municipal officials.The opening rites were highlighted by the arrival of Jacarandá, a vessel of Log-In, a Brazilian shipping line specializing in door-to-door logistics solutions which recently signed an agreement with TecPlata‚Ķ

14 Feb 2019

ICTSI Expands Batumi Container Terminal

During the ribbon cutting ceremony marking the formal inauguration of BICT’s multifaceted expansion program. Photo: ICTSI

Philippines-based port operator International Container Terminal Services, Inc. (ICTSI) has inaugurated the newly-expanded Batumi International Container Terminal (BICT) in Georgia.The expansion encompasses both the waterside and landside areas of the multipurpose terminal, intended to optimize the processing of existing cargo flows and install additional capacity to accommodate new business.Marking the importance of the occasion, the inauguration was attended by Giorgi Kobulia…

14 Jan 2019

MICT Gets Eco-Friendly RTGs

Arrival of the four hybrid RTGs at MICT’s Berth 5. Photo: International Container Terminal Services, Inc.

International Container Terminal Services, Inc.'s (ICTSI) flagship Manila International Container Terminal (MICT) has received four of 16 new hybrid rubber-tired gantries (RTG) as part of the Company’s long-term investment in capacity enhancement and environmental efficiency."A first in Philippines and Manufactured by Mitsui Engineering & Shipbuilding Co. Ltd. (MES) of Japan, the Mitsui Li-ion Hybrid RTG is equipped with a 200kVA Li-ion battery and a smaller diesel engine that dramatically improves the carbon footprint of the terminal…

03 Jan 2019

Kalmar to Automatize Melbourne VICT Terminal

Pic: Kalmar

The provider of cargo handling solutions and services to ports, terminals, Kalmar has signed a maintenance and support agreement with International Container Terminal Services, Inc (ICTSI) covering the automated container handling solution operating at Victoria International Container Terminal (VICT).The order was booked in Cargotec's Q4 2018 order intake with the agreement coming into effect in November 2018, said a press release. Australia's first fully automated container terminal, VICT, welcomed its first vessel in March 2017.

15 Nov 2018

ICTSI Appoints Andrew Dawes as Asia-Pacific Head

International Container Terminal Services, Inc.

Manila-headquartered International Container Terminal Services, Inc. (ICTSI) has appointed Andrew Dawes as Senior Vice President and Regional Head of Asia Pacific, replacing Christian R. Gonzalez, who has been named Global Corporate Head.Dawes will be directly responsible for the management and development of ICTSI’s Asia Pacific portfolio outside of the Philippines.With over 20 years in the port industry, Mr. Dawes has significant experience from senior roles in multinational port management companies in Europe, the Middle East, Africa and the Americas.

07 Aug 2018

ICTSI Income Falls as Volume Rises

Photo:  ICTSI

Philippines-based International Container Terminal Services Inc (ICTSI)  has announced a 6% decrease in income in its consolidated financial results for the first half of 2018.However, the port operator saw overall throughput rise 4% to 4.7m teu in the first half compared to 4.5m teu handled in the previous corresponding period in 2017, mainly on robust trade in the emerging markets and contributions from new terminals in Lae and Motukea in Papua New Guinea and the Australian‚Ķ

15 Jul 2018

ICTSI Wins Sudan Port Contract

Image: ICTSI

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.…

16 Jan 2017

ICTSI Manila hits 2M TEU

Awarding of commemorative plaques (from left)  Captain Li Qinghua, SITC Osaka Vessel Master; Huang Ping, SITC Import Assistant Manager; Mr. Gonzalez; Mr. Quan; and Carmelo Tejero, SITC Senior Operations Manager. Photo ICTSI

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.

11 Jul 2017

ICTSI Subic on Growth Path

Photo:  ICTSI

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)…

08 Aug 2017

ICTSI Net Income Rises 19%

Photo: International Container Terminal Services, Inc.

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…

09 Nov 2017

Port Worker Crushed to Death in Jakarta

Image: © Binkski / Adobe Stock

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.

12 Oct 2016

New Container Terminal Inaugurated in Iraq

Enrique K. Razon Jr., ICTSI Chairman and President, cuts the ribbon symbolizing the formal opening of the BGT expansion area, the first entirely foreign financed new port infrastructure in Iraq. Photo ICTSI

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…

08 Nov 2016

ICTSI 9M2016 Income Up 4%

Photo International Container Terminal Services, Inc

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…

27 Mar 2018

Basra Gataway Buys Custom Damen Dredger

The CSD was transported as deck load and can be hoisted in the water in one go Photo courtesy Damen

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‚Äôs 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 ‚Äď which translates as ‚ÄėGoddess of Love‚Äô. The owner, Basra Gataway Terminal (BGT), performed the honors.

29 Nov 2016

ICTSI Opens Georgia-Ukraine Feeder Service

Photo:  ICTSI

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). ‚ÄúM/V Max Carrier made its first call to Batumi International Container Terminal (BICT) in Batumi, Georgia, marking the launch of the Mediterranean Shipping Company‚Äôs (MSC) Gioia -- Ukraine & Georgia feeder service,‚ÄĚ ICTSI said in a statement.

13 Dec 2016

ICTSI's Fully Automated Terminal Complete

ICTSI Australian terminal is complete (from left) Anders D√łmmestrup, VICT CEO; John Lines, ANL Managing Director; Enrique Razon, ICTSI Chairman and CEO; Honorable Luke Donnellan, Victoria State Minister for Ports; Councillor Bernadene Voss, Port Phillip City Mayor; Christian Gonzalez, ICTSI Senior Vice President and Asia-Pacific Regional Head; and Brendan Bourke, Port of Melbourne CEO. Photo ICTSI

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…

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