Search results for: ICTSI

202 results

A list of search results

  • 9 November 2017
    Business & Finance

    An Indonesian port worker was killed on the job at the International Container Terminal Services Inc (ICTSI) facility in Jakarta overnight, according to a statement from the International Transport Workers’ Federation (ITF). A 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 […]

  • 18 March 2015
    Business & Finance

    Enrique K. Razon Jr., International Container Terminal Services Inc.(ICTSI) chairman and president, recently visited Basra Gateway Terminal (BGT), ICTSI’s subsidiary in the Port of Umm Qasr, Iraq. Razon inspected the continuing upgrade works at Berth 20, the existing facility in Umm Qasr’s North Port where ICTSI started operations in November 2014. He also inspected the […]

  • 25 April 2012

    International Container Terminal Services Inc. (ICTSI) chairman and president Enrique K. Razon Jr. said ICTSI will spend US$ 550 million this year for its greenfield projects Argentina, Mexico, and Colombia as well as other ports such as Manila, Brazil, Ecuador and Croatia, according to positivenewsmedia.com. “We remain focused on what we are good at: servicing […]

  • 1 December 2017
    Business & Finance

    The International Transport Workers’ Federation (ITF) has raised concerns over the fate of dockworkers at the Port of Lae in Papua New Guinea (PNG) despite a new agreement between International Container Terminal Services (ICTSI) and local landowners. The union is seeking assurances that the workers will be able to keep their jobs. ICTSI said on Monday, […]

  • 18 November 2019
    Business & Finance

    The Philippine Ports Authority has deemed complete the proposal of International Container Terminal Services, Inc. (ICTSI) to develop Iloilo ports. ICTSI received from PPA a letter of acceptance for completeness in accordance with the Revised Guidelines and Procedures for Entering into Joint Venture Agreements between Government and Private Entities (2013 NEDA JV Guidelines). PPA will […]

  • 29 April 2015
    Business & Finance

    Philippine-based International Container Terminal Services Inc. (ICTSI) said it would not renew its lease agreement with Naha Port Authority for Naha International Container Terminal (NICT). The 10 year NICTI lease agreement granted by Naha Port Authority is set to expire at the end of the year and negotiations for its renewal are about to ensue. “ICTSI is […]

  • 22 September 2017
    Business & Finance

    Manila-based International Container Terminal Services (ICTSI) has reached an agreement to buy a 34.83% stake in the Manila North Harbour Port Incorporated (MNHPI). Under the contract, signed on September 21, the company would purchase 10,449,000 shares in the port from the Philippines’ oil refining major Petron Corporation. ICTSI is paying a total consideration of PHP 1.75 billion (USD […]

  • 27 November 2014
    Business & Finance

    Philippines’ largest port terminal operator International Container Terminal Services, Inc. (ICTSI) has expanded yard capacity at its flagship Manila International Container Terminal (MICT) with the recent completion of Phase 1 of it’s Berth 7 yard development by deploying 4 hectares of new yard space. Intended to be an empty container depot (ECD), the area can […]

  • 18 November 2019

    The company intends to invest USD 171.7 million in the Iloilo Port Complex.

  • 17 October 2017
    Business & Finance

    South African unions will organize a protest on October 18 demanding that the Madagascan Government takes all necessary steps to reinstate 43 dockworkers who were sacked at the Port of Toamasina. Planned by the Congress of South African Trade Unions (COSATU), and its affiliate the South African Transport and Allied Workers Union (SATAWU), the protest would […]

  • 12 November 2018
    Business & Finance

    ICTSI submits proposal to develop two Philippine ports under a USD 93.9 million investment.

  • 29 May 2015
    Business & Finance

    Manila-based port operator International Container Terminal Services, Inc. (ICTSI) has acquired Mexican port operator Terminal Maritima de Tuxpan (TMT). The deal purports the 100% acquisition of TMT from Mexico’s logistics and transportation firm Grupo TMM SAB (TMM) and its subsidiary Inmobiliaria TMM SA de CV (ITMM). The acquisition has a price tag of USD 54.5 million, […]

  • 1 November 2017
    Business & Finance

    The Government of Papua New Guinea has been under fire to review the decision to award port operations in Lae and Port Moresby to Philippine port operator International Container Terminal Services Inc. (ICTSI). Paddy Crumlin, President of the International Transport Workers’ Federation, has urged the Government to act in the best interests of its people by […]

  • 12 October 2017
    Business & Finance

    International Container Terminal Services, Inc. (ICTSI) has seen record productivity at its flagship Manila terminal in the Philippines for August and September. The Manila International Container Terminal (MICT) posted an increase in berth productivity of 22 percent and 13 percent for the two months, respectively. “With terminal manpower delivering optimal performance, ICTSI further improved its existing employee motivation […]

  • 7 October 2015
    Business & Finance

    Philippine-based port operator International Container Terminal Services Inc. (ICTSI) has taken delivery of four super post-Panamax quay cranes and five rubber-tired gantry cranes (RTGs) at the Aguadulce Multi-User Container Terminal (AMCT) in the Port of Buenaventura, Colombia. Estimated to cost around USD 50 million, the equipment purchase is part of ICTSI’s USD 545 million total investment in […]

  • 12 November 2018
    Business & Finance

    International Container Terminal Services, Inc. (ICTSI) has submitted a proposal to the Philippine Ports Authority (PPA) to develop two ports in Iloilo – the Iloilo Port Complex and the Port of Dumangas, an investment estimated to cost over $94 million. In line with the future development needs of Iloilo and the Visayas, ICTSI submitted a […]

  • 27 December 2011

      PORT operator International Container Terminal Services Inc. (ICTSI) is to designate approximately $21 million (P917 million) that will be used as working capital for domestic expansion projects and as investments in foreign ports. ICTSI is intending to expand its operations in the Africa, South Asia and Latin America. The company has established ICTSI Africa […]

  • 6 April 2011

      International Container Terminal Services, Inc. (ICTSI) and L&T Shipbuilding Ltd. (LTSB) have signed a container port operation agreement for the management and operations of the Kattupalli Container Terminal in Tamil Nadu, India. Contracting parties were L&T Shipbuilding Limited (LTSB), a joint venture between Larsen & Toubro Limited (L&T) and Tamil Nadu Industrial Development Corporation […]

  • 8 February 2010

    The Philippines: Korea-based shipbuilder Hanjin Heavy Industries has recently completed the ‘APL Bahrain’ at its facility at the Subic Bay Freeport Zone in Zambales. International Container Terminal Services (ICTSI) serviced the ‘APL Bahrain’, the largest vessel to dock in the Philippines, on the vessel’s maiden voyage when it called at two of ICTSI’s Philippine terminals: […]

  • 9 October 2017
    Business & Finance

    An emerging pattern of labour rights violations has allegedly been found at Philippine-based terminal operator International Container Terminal Services (ICTSI), according to an analysis conducted by International Transport Workers’ Federation (ITF). The ITF claims that the report shows that labour issues at ICTSI terminals are not limited to current disputes at ICTSI terminal in Madagascar and Indonesia, but […]

  • 2 July 2018
    Business & Finance

    The Ecuadorian Ministry of Transport and Public Works gave its green light recently for the International Container Terminal Services’ largest port concession in the Americas – Contecon Guayaquil SA (CGSA) – to accommodate mega vessels of up to 305 meters in length at the Port of Guayaquil’s Berths 2 and 3. International Container Terminal Services said […]

  • 8 March 2016
    Business & Finance

    Manila-based container terminal owner and operator International Container Terminal Services Inc. (ICTSI) has posted a net income of USD 58.5 million for the full year of 2015, down by 68 percent compared to the USD 182 million earned in 2014. During 2015, the company handled a total of 7.8 million twenty-foot equivalent units (TEUs), a five […]