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ICTSI unit to take over container terminal in Rio de Janeiro

A WHOLLY OWNED subsidiary of International Container Terminal Services, Inc. (ICTSI) is poised to take over the operations and management of Terminal de Conteineres 1 (T1Rio) in Rio de Janeiro, Brazil.

ICTSI Pakistan opens rail service

A SUBSIDIARY of International Container Terminal Services, Inc. (ICTSI) on Monday said it launched a dedicated rail cargo service connecting Karachi and Lahore in Pakistan.

MICT yard utilization continues to fall

YARD utilization at the Manila International Container Terminal (MICT) continued to drop near historically low levels in June, which operator International Container Terminal Services, Inc. (ICTSI) attributed to the improvement in the speed of turnover of containers.

ICTSI says it is preferred bidder for new terminal in Cameroon

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) on Monday said it was chosen as the preferred bidder to develop, operate and maintain a newly built port in Cameroon.

ICTSI unit to expand port in Croatia

THE subsidiary of International Container Terminal Services, Inc. (ICTSI) in Croatia said it is starting a year-long expansion of its terminal at the Port of Rijeka to accommodate larger vessels.

Earnings of ICTSI surge by 77% in January-March

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) reported higher earnings in the first quarter, driven by an increase in revenues from its improved performance in its operations in Melbourne, Australia and Buenaventura, Colombia.

ICTSI gets go signal to hike stake in MNHPI

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said Wednesday it has secured all approvals needed to increase its stake in Manila North Harbor Port, Inc. (MNHPI).

Bloomberry, ICTSI face headwinds — Razon

THE founder of Bloomberry Resorts Corp. and International Container Terminal Services, Inc. (ICTSI), the Philippines’ best-performing stocks this year, said key parts of his businesses are facing headwinds.

Sudan suspends contract with ICTSI

CAIRO — Sudan’s military rulers on Tuesday suspended a contract with Philippine port operator International Container Terminal Services, Inc. (ICTSI ) pending its cancellation, the country’s Transitional Military Council (TMC) said in a statement.

Mindanao Container Terminal to get upgrade

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) is upgrading its port terminal in Mindanao, with significant improvements expected as early as this year.

ICTSI in talks with banks to acquire Hanjin assets

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) is negotiating with banks for the possible acquisition of Hanjin Heavy Industries and Construction Philippines’ (HHIC-Philippines) assets, a top official said.

ICTSI Argentina begins operations

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) on Wednesday said its container terminal in Argentina has started operations.

ICTSI’s Subic unit expands cargo handling capacity

SUBIC Bay International Terminal Corporation (SBITC), a unit of International Container Terminal Services, Inc., said it added four reach stackers, increasing capacity at the port.

Sudan to make 2B euros from port deal with ICTSI

KHARTOUM — The Sudanese government will make 2.13 billion euros ($2.44 billion) over a 20-year period from a deal with Philippine port operator International Container Terminal Services, Inc. (ICTSI) to expand port capacity, a government official said.

ICTSI mulls turning Hanjin’s Subic property into multipurpose facility

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) is looking at the possible acquisition of Hanjin Heavy Industries and Construction Philippines’ (HHIC-Philippines) assets to turn it into a multipurpose facility.

Gov’t, port operators agree on moving out unclaimed cargo

CARGO left unclaimed at port terminals beyond 30 days will be transferred to the port operators’ inland container yards at the expense of the consignees beginning Sunday.

ICTSI says ‘sure’ of going ahead with Port Sudan deal amid...

INTERNATIONAL Container Terminal Services Inc (ICTSI) said it is certain it will ultimately take over a container terminal at Port Sudan on the Red Sea despite a strike called by employees to protest the transfer of management control.

ICTSI sets aside $380 million for 2019 capex

INTERNATIONAL CONTAINER Terminal Services, Inc. (ICTSI) is allotting around $380 million for capital expenditure (capex) this year, 45% lower than the $261.3 million the company spent in 2018.

Razon’s ICTSI expands terminal at Port of Batumi

LISTED port operator International Container Terminal Services, Inc. (ICTSI) said it has officially opened the expansion of its terminal at the Port of Batumi in Georgia.

ICTSI unit SBITC reaches 200,000th TEU move

THE unit of International Container Terminal Services, Inc. (ICTSI) in Subic Bay said it was able to achieve its goal of handling 200,000 twenty-foot equivalent unit (TEUs) in the port last December.

MICT gets four new hybrid gantry cranes

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said it recently received four new hybrid rubber-tired gantries (RTG) for its flagship port, the Manila International Container Terminal (MICT).

ICTSI wins 20-year concession for Sudan terminal

INTERNATIONAL Container Terminal Services Inc (ICTSI) signed a 20-year concession agreement with Sea Ports Corp. of Sudan (SPC) to operate, manage and develop the South Port Container Terminal (SPCT) at Port Sudan.

Philippine firms honored in ASEAN Business Awards 2018

To recognize the best and brightest in Southeast Asia’s business community, the ASEAN Business Advisory Council (ASEAN BAC) launched the annual ASEAN Business Awards...

ICTSI offers to develop 2 Iloilo ports

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said it submitted to the government an unsolicited proposal to develop the Iloilo Port Complex and the Port of Dumangas in Iloilo.

ICTSI income rises 22% in 3rd quarter

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) posted a 22% increase in its net attributable income in the third quarter to $55.62 million, fuelled by higher revenues from port operations.

Cavite barge terminal to begin full operations in November

THE Cavite barge terminal, privately funded by International Container Terminal Services Inc. (ICTSI), is set to begin full operations next month, the Department of Transportation (DoTr) said on Friday.

ICTSI subsidiary expands Honduras terminal

A SUBSIDIARY of International Container Terminal Services, Inc. (ICTSI) recently started operations of a new berth in Puerto Cortes in Honduras.

ICTSI raises stake in North Harbor

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) on Thursday said it is raising its stake in Manila North Harbor Port, Inc. (MNHPI) to 50%.

ICTSI to hike stake in Manila North Harbor to 50%

International Container Terminal Services, Inc. (ICTSI) will be increasing its stake to 50% in Habor Centre Port Terminal, Inc.'s Manila North Harbor Philippines, Inc....

ICTSI Q2 income up 3% on record revenues

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) reported its attributable net income increased by 3% to $53.597 million in the second quarter, on all-time high revenues and volumes.

Cavite barge terminal seen opening by end-September

THE International Container Terminal Services, Inc. (ICTSI) and the Department of Transportation (DoTr) said the Cavite Gateway Terminal (CGT) may finally be used by end-September, months later its original target because of the three typhoons that affected the area in the past months.

ICTSI is the preferred bidder to operate Sudan port

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).

ICTSI wins bid to manage port operations in Sudan

International Container Terminal Services, Inc. (ICTSI) said it has been chosen to handle the operations and management of the South Port Container Terminal in...

ICTSI says Ecuador port cleared to handle mega vessels

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) on Monday said its port concession in Ecuador has been given the go signal from the government to service larger vessels.

ICTSI’s port concession in Ecuador bags approval to accommodate larger vessels

A concession of International Container Terminal Services, Inc. (ICTSI) in Ecuador has received an approval from the government to operate larger vessels. In a statement,...

Proposal to build Manila cruise port submitted to Malacanang

The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) has submitted to Malacanang a proposal to construct a P308-million Manila cruise port in Paranaque City. In...

Stronger dollar hurts ICTSI first-quarter earnings

International Container Terminal Services, Inc. (ICTSI) earnings fell 15% on the first three months of 2018 at US$44.1 million from US$51.7 million in the...

ICTSI South Pacific inks agreements with labor unions

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said its units have signed agreements with Papua New Guinea Maritime Transport Workers Union (PNG MTWU), ahead of...

ICTSI remains bullish amid fears of US-China trade war

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) is keeping a positive outlook for the year, while being cautious on the impact of the looming trade...

Mexico operations may expose ICTSI to trade war risks — Razon

International Container Terminal Services, Inc. (ICTSI) is keeping a positive outlook for the year, while being cautious on the effects of the looming trade...

ICTSI to operate Motukea terminal by middle of May

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) on Tuesday said it expects to start operations of its Motukea International Terminal (MIT) in Port Moresby, Papua...

ICTSI to complete expansion of Iraq terminal by Q3 2019

International Container Terminal Services, Inc. (ICTSI) is expects the expansion of its terminal in Iraq to be completed by the third quarter of 2019. The...

ICTSI to use retained earnings for 2018 capex

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said on Friday it will use part of its unappropriated retained earnings for additional capital expenditures in 2018,...

Razon eyes gaming opportunities in Asia

By Arra B. Francia, Reporter PORTS and gaming tycoon Enrique K. Razon, Jr. is scouting for opportunities to expand his gaming business in Asia. Mr. Razon,...

ICTSI buys Petron’s stake in Manila North Harbor

INTERNATIONAL Container Terminal Services Inc. (ICTSI) is acquiring Petron Corp.’s 35% stake in Manila North Harbor for P1.75 billion. In a disclosure to the stock...