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ICTSI raises nearly P5B in share sale

LISTED port operator International Container Terminal Services Inc. (ICTSI) said on Thursday it had entered into a placement agreement for the sale of its 40 million treasury shares to raise funds for general corporate purposes.

ICTSI posts 23% earnings rise after cost measures

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) saw its third-quarter net income attributable to equity holders grow by 23% to $69.2 million, after it benefitted from cost preservation measures to mitigate the effects of the pandemic, its top official said.

ICTSI expansion turns investors bullish

EXPANSION plans of the company and optimism on global trade amid vaccine trials attracted market players to trade shares of International Container Terminal Service, Inc. (ICTSI).

ICTSI unit to invest $18 million in Ecuador terminal

LISTED International Container Terminal Service, Inc. (ICTSI) announced on Wednesday its subsidiary in Ecuador had signed a new contract with the Latin American state to further develop its largest terminal there.

ICTSI unit signs deal for Cameroon port terminal

LISTED International Container Terminal Services, Inc. (ICTSI) said its subsidiary in Cameroon signed on Tuesday the concession contract for the development, operation and maintenance of the multipurpose terminal of the Port of Kribi.

ICTSI’s Royal Capital extends tender offer period

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) announced on Thursday that its subsidiary Royal Capital B.V. was extending to July 29 the period for its tender offer.

ICTSI unit Royal Capital raising $300M from new securities

LISTED International Container Terminal Services, Inc. (ICTSI) announced on Wednesday that its subsidiary Royal Capital B.V. was raising $300 million from the issuance of senior unsecured perpetual capital securities for refinancing and general corporate purposes.

ICTSI subsidiary Royal Capital sets tender offer for perpetual securities

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) announced on Monday that its subsidiary Royal Capital B.V. is offering cash for the $450 million worth of senior guaranteed perpetual securities as part of its strategy to manage the profile of its existing financings.

Razon-led ICTSI trims spending to $160M

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) has slashed its capital expenditure (capex) budget for this year by 40.7% to about $160 million as the coronavirus pandemic continues to hamper global trade.

ICTSI net income plunges 18%

RAZON-LED International Container Terminal Services, Inc. (ICTSI) saw its net income attributable to equity holders drop by 18% to $59.6 million in the first quarter due to lower operating income, increase in concession interest, and pandemic-related expenses.

ICTSI, Bloomberry start mass-testing 2,500 employees

RAZON-LED firms International Container Terminal Services, Inc. (ICTSI) and Bloomberry Resorts Corp.’s Solaire Resort & Casino said they have started testing their employees for the coronavirus disease 2019 (COVID-19).

Manila terminal operations back to normal, says ICTSI

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said Monday operations at the Manila International Container Terminal (MICT) have returned to normal levels after stakeholders responded to calls to withdraw their overstaying cargoes.

ICTSI to consignees: withdraw your reefers

RAZON-led International Container Terminal Services, Inc. (ICTSI) on Friday appealed to its consignees to withdraw their reefers immediately.

ICTSI says US court reduces damage award to $19 million

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) on Monday said a court in the United States had reduced to $19 million from $93.6 million the award in damages that International Longshore and Warehouse Union (ILWU) was supposed to pay the company.

ICTSI transfers 30% stake in Papua New Guinea subsidiary to two...

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said its unit in Lae, Papua New Guinea recently completed the transfer of 30% of its share to two local communities in the island country.

ICTSI partners with Taiwan shipping line in Argentina

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) on Thursday said its container terminal in Buenos Aires, Argentina signed a contract with Taiwanese shipping line Evergreen Marine Corp. Taiwan Ltd. to launch shipping service to Asia and the Far East.

ICTSI’s Colombia port takes in largest capacity vessel

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said Sociedad Puerto Industrial Aguadulce S.A. (SPIA), its joint venture container terminal project with PSA International Pte Ltd. (PSA) in Buenaventura, Colombia, has received the “largest vessel ever to call Colombia” this month.

ICTSI Poland hits 500,000th TEU move

Baltic Container Terminal (BCT), the Polish unit of International Container Terminal Services, Inc. (ICTSI) at the Port of Gydnia, reached its 500,000th twenty-foot equivalent unit (TEU) move on Dec. 21, 2019.

ICTSI takes over container terminal in Brazil

Razon-led International Container Terminal Services, Inc. (ICTSI) has taken over the operations of a container terminal in Brazil.

ICTSI unit allocates $100M for Congo terminal expansion

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) on Thursday said it allotted over $100 million for the expansion of its container terminal in the Democratic Republic of the Congo (DRC).

ICTSI’s P8.7-billion proposal for Iloilo ports moves forward

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) has received notice from the country’s port regulator that its P8.7-billion proposal to develop Iloilo ports will now undergo evaluation.

ICTSI income jumps 7% in third quarter

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) posted a 7% increase in net income attributable to equity holders in the July-September period, as revenues from port operations grew 5%.

ICTSI subsidiary coordinates with Honduras government to improve systems, roads

A SUBSIDIARY of Razon-led International Container Terminal Services, Inc. (ICTSI) said it is expecting to improve its operations at Puerto Cortes in Honduras with improved partnerships with government authorities.

ICTSI earnings jump 14% during second quarter

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) posted a 14% rise in earnings during the second quarter as it recorded a higher throughput across its ports.

ICTSI sells 30% stake in operator of Motukea container terminal

A UNIT of International Container Terminal Services, Inc. (ICTSI) is selling its 30% stake in a company that operates the Motukea Port, Papua New Guinea.

ICTSI takes delivery of new equipment at Manila port

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) received new equipment for its flagship Manila International Container Terminal (MICT), as part of its $80-million capacity improvement program.

ICTSI inks P10-B deal for Brazil’s Libra Rio

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) has completed a P10-billion deal to acquire a Brazil-based firm, which holds the concession to operate a container terminal in the Port of Rio de Janeiro.

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.