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.
Indian PM Narendra Modi Lays Foundation Stone For JNPT Fourth Countainer Terminal
India's biggest container traffic handler Jawaharlal Nehru Port (JNPT) has achieved yet another milestone in its ambitious journey to become a world class maritime hub when the Prime Minister Narendra Modi laid the foundation stone for the fourth container terminal, proposed to be developed at an estimated cost of Rs. 7915 Crores (USD 1.23 bln) on DBFOT basis. Modi arrived at the JNPT Helipad- accompanied by the Maharashtra Governor Ch. Vidyasagar Rao, Union Minister of Shipping, Road Transport & Highways Nitin Gadkari, the state Chief Minister Devendra Fadanvis and other dignitaries.
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.
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.
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.
Djibouti Ends Dubai's DP World Contract to Run Container Terminal
Djibouti has ended a contract with Dubai's DP World, one of the world's biggest port operators, to run its Doraleh Container Terminal, the president's office said on Thursday. "The Republic of Djibouti has decided to proceed with the unilateral termination with immediate effect of the concession contract awarded to DP World," the office of President Ismail Omar Guelleh said in a statement. Last February, the London Court of International Arbitration cleared DP World of all charges of misconduct over a concession to operate the terminal, Dubai's government said at the time.
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.
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.
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.
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.
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.
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
ICTSI Names Head for Australian Unit
International Container Terminal Services Inc. (ICTSI) has appointed Anders Dommestrup as Chief Executive Officer of its Australian subsidiary, Victoria International Container Terminal Ltd. “We are extremely pleased to welcome Mr. Dommestrup into the ICTSI Group. With his extensive and leading industry experience and expertise, we believe that he can provide exceptional leadership to our new project at Webb Dock East in the Port of Melbourne,” says Christian R. Gonzalez, ICTSI Head of Asia-Pacific and the Subcontinent. Prior to ICTSI, Mr. Dommestrup was Chief Operating Officer of Modern Terminals Ltd. (MTL). Since 2005, he had been…
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 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…
ICTSI Laguna Dry Port Expansion
International Container Terminal Services, Inc.’s (ICTSI) dry port unit, Laguna Gateway Inland Container Terminal (LGICT), recently broke ground to start the expansion of new facilities which include extended and dedicated storage areas for loaded and empty containers, a runway for rubber tired gantries (RTG), container care facilities, weigh bridges at the gates and an upgraded access road, as it primes the Laguna dry port for the revival of intermodal freight transport in the Philippines.
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.
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.
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.
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'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…
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…
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.