INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said its Manila terminal acquired new container-handling equipment which are expected to boost efficiency.
The Razon-led port operator said in a statement on Tuesday it bought four new hybrid rubber-tired gantries (RTG) from Japan, which will be immediately deployed for use in the Manila International Container Terminal (MICT).
“The new RTGs, manufactured by Mitsui Engineering & Shipbuilding Co. Ltd. (MES), are part of the total 16-unit fleet that runs on a combination of 22kVah Li-ion battery and a smaller diesel engine — expected to reduce terminal emissions by up to 40%,” it said.
ICTSI said it is expecting eight more hybrid RTGs and a pair of super post-Panamax quay cranes to be delivered in the coming months, before the third quarter ends.
“On full delivery, the MICT fleet will be composed of 18 quay cranes and 58 RTGs — the largest containerized cargo handling fleet in the country,” it said.
The listed company has so far invested more than $80 million to assemble its fleet of equipment in MICT, which it said is currently “the country’s largest and most technologically advanced container terminal.”
ICTSI started operating the MICT in 1988 when it bagged the contract in an international auction.
It said last month it is increasing its capital expenditure this year by 45% to $380 million to fund the expansion of its terminals in Manila, Mexico and Iraq, as well as the acquisition and upgrade of terminal equipment.
In 2018, ICTSI’s attributable net income jumped 22% to $221.5 million from $182.1 million the previous year, driven by a strong operating income from its terminals.
Shares in ICTSI went up 0.85% or P1.10 to P130 each on Tuesday. — Denise A. Valdez