ICTSI investment stake in Iloilo port projects raised to P8.7B
International Container Terminal Services, Inc. (ICTSI) has increased to P8.7 billion its estimated investment cost for its unsolicited proposal to modernize and develop the…
Dockworkers go on strike at Port of General Santos
The Philippine Ports Authority (PPA) said operations at the Port of General Santos remain uninterrupted despite a strike by dockworkers against private cargo-handling operator…
ICTSI’s Guayaquil facility welcomes biggest ship to call in Ecuador
Contecon Guayaquil, operated by International Container Terminal Services, Inc. (ICTSI) subsidiary Contecon Guayaquil SA (CGSA), has set a new operational benchmark after servicing the…
Another congestion? CDAP warns of CYs’ shutdown, holiday as utilization drops
The Container Depot Alliance of the Philippines (CDAP) is considering the closure of recently opened empty container depots (ECDs) outside Metro Manila and declaring…
ICTSI’s Q1 net income soars 71% owing to higher volumes
International Container Terminal Services, Inc. (ICTSI) posted a net income of US$81.5 million in the first quarter of 2019, 71% higher than the $47.7…
TecPlata, the new container terminal of International Container Terminal Services, Inc. (ICTSI) located in Argentina’s Puerto de La Plata, has officially started operations. The…
ICTSI earmarks $380M capex this year, eyes more projects in PH
International Container Terminal Services Inc. (ICTSI) has allotted US$380 million for capital expenditures (capex) in 2019, much of which will be used for projects…
ICTSI in talks with banks for acquisition of Hanjin shipyard
International Container Terminal Services, Inc. (ICTSI) is eyeing a take-over of the Subic facility of bankrupt shipbuilder Hanjin Heavy Industries and Construction-Philippines, Inc. (HHIC-Phil).…
International Container Terminal Services, Inc. (ICTSI) has received four new hybrid rubber-tired gantries (RTGs) for Manila International Container Terminal (MICT) to further increase the…
Competition Commission clears ICTSI North Harbour acquisition
The Philippine Competition Commission (PCC) has approved the proposed acquisition by International Container Terminal Services, Inc. (ICTSI) of additional shares in Manila North Harbour…
Cavite Gateway Terminal presents logistics advantages for Southern Luzon businesses
Manufacturers, especially exporters located in economic zones in Southern Luzon, can now take advantage of reduced travel time and lower logistics costs offered by…
Carriers evacuate empty containers at a faster pace
Foreign shipping lines are now able to evacuate more empty containers out of the country with yard utilization at Manila international terminals down to…
ICTSI upgrades PNG terminal’s operational efficiency ahead of schedule
South Pacific International Container Terminal (SPICT), operated by a subsidiary of port operator International Container Terminal Services, Inc. (ICTSI) in Lae, Papua New Guinea…
BOC chief: Yard utilization at Manila ports now ideal
Manila’s international container terminals are no longer congested as yard utilization has gone down to ideal levels, according to Customs commissioner Rey Leonardo Guerrero.…
International Container Terminal Services, Inc. (ICTSI) reported a net income of US$249.8 million in 2018, 20% higher than the recorded income of $207.7 million…
BOC prohibits return of empty containers at Manila ports
The Bureau of Customs (BOC) is temporarily disallowing return of empty containers at the Port of Manila (POM) and Manila International Container Port (MICP)…
