International Container Terminal Services Inc News

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…

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’s (CA-4).Puerto Cortes, Central America 4’s (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, said a statement."OPC is working with the Honduran government and Puerto Cortés authorities to enhance the port’s competitiveness and better serve its customers in the four-nation CA-4, comprising Honduras, El Salvador, Guatemala and Nicaragua.

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 bulk vessels are also accommodated in MIT.It is also the only terminal in Port Moresby that offers mobile cranes (non-ship geared) and caters to vessels with drafts…

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, down 20 percent from 90 percent in January after private sector partners and  the government signed a manifesto last March calling for the efficient utilization of container terminals.

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 will now engage in exclusive concession contract negotiations ahead of final contract signature."The Port of Kribi, located in Cameroon, Central Africa, is a newly built port with deep draft.

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. The work will be completed by mid-2020, and will provide 438 meters of berth with a depth alongside of 15 meters.Financing for the infrastructure works has been provided by the EU and PRA…

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

International Container Terminal Services Inc (ICTSI) has inaugurated container operations at TecPlata, located in Argentina’s 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, a subsidiary of Philippine-based port operator International Container Terminal Services Inc. (ICTSI). The arrival of the vessel…

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, Georgian Minister of Economy and Sustainable Development; Tornike Rizhvadze, Chairman of the Government of the Autonomous Republic of Ajara; senior executives from Mediterranean Shipping Company (MSC)–the terminal’s principal container customer–and Hans-Ole Madsen…

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," said a press release from ICTSI.Once fully commissioned, the hybrid RTGs are expected to further boost MICT’s container yard productivity…

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. Located at Webb Dock East in the Port of Melbourne, the terminal's unique location on the bay side of the port means a faster turnaround time for imports and exports as well as easier berthing for ships.

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. Prior to joining ICTSI, he was Managing Director of APM Terminals Salalah in Oman.Dawes also held senior management positions as chief executive officer of Intels Nigeria Ltd.

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 port of Melbourne.The decrease in net income was due primarily to the start-up costs of the new terminals in Papua New Guinea and Australia; and the US$7.5 Million non-recurring gain on the termination of the sub-concession agreement in Nigeria in the second quarter of 2017…

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.

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. Phillip Marsham, BGT executive officer, said, “We are proud to take delivery of our new cutter suction dredger.

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.

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, Democratic Republic of Congo (DRC), strong operating income contribution from the terminals in Iraq, Mexico and Brazil, and the one-time gain on the termination of the sub-concession agreement in Nigeria.

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), makes the more efficient movement of goods possible because of its quicker clearing periods compared to other RDCs. It saves time, cuts costs, thereby helping improve margins for companies doing business with other countries.

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. SITC is one of MICT’s longtime clients with regular vessel calls to the Port of Manila. MICT reached its first one million-TEU move back in December 2002. A ceremony held to commemorate the milestone was led by Christian R.

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 everyone who have helped build the terminal and are invested in the success of the State of Victoria should celebrate,” said Mr. Razon as he addressed VICT employees, VIPs and guests. “Once we start operations in January, VICT will be the most technologically advanced container terminal in the world,” he adds.

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. The new service features fast connections between the Port of Batumi and the ports in Gioia Tauro, Italy; Burgas, Bulgaria; and Ilichevsk and Odessa in Ukraine. BICT is a wholly owned indirect subsidiary of ICTS49, and Batumi Sea Port Ltd. (BSP). The port operator, controlled by billionaire Enrique K.

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, up 4% from the US$136.2 million earned in the first three quarter of the previous year. Net income…

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, formally cut the ribbon, symbolizing the opening of the terminal after which the first container was lifted by one of the two new ship-to-shore cranes installed at the terminal. Also present at the ceremony were Dr. Majid M.