ICTSI

ICTSI 9M2024 net income soars 31% to US$633 million

International Container Terminal Services, Inc. (ICTSI) announced its unaudited financial results for the first nine months of 2024, showing a 14% rise in revenue from port operations to US$2 billion, up from US$1.7 billion in the same period of 2023.

“I am pleased to report another excellent set of results in which we have delivered impressive revenue growth, up 14% to US$2.01 billion. EBITDA rose by 19% to US$1.32 billion while net income attributable to equity holders was up 31% to US$632.58...

https://container-news.com/ictsi-9m2024-net-income-soars-31-to-us633-million/

TecPlata: Argentina’s first carbon-neutral port, ICTSI’s fifth

TecPlata, a subsidiary of International Container Terminal Services, Inc. (ICTSI) in Argentina, has become the first port in the country to achieve carbon-neutral certification.

This certification highlights TecPlata’s dedication to reducing its carbon footprint by promoting responsible resource management and offsetting unavoidable emissions through certified carbon credits, which contribute to the development of renewable energy projects. The company will have its greenhouse gas (GHG)...

https://container-news.com/tecplata-argentinas-first-carbon-neutral-port-ictsis-fifth/

Creditor challenges bankruptcy plan of ILWU dockworkers union

One of the world’s largest and highest-profile dockworker unions, the International Longshore and Warehouse Union (ILWU), filed for Chapter 11 bankruptcy protection on Sept. 30, seeking to shield itself from a crippling damage award owed to Philippines-based International Container Terminal Services Inc. (ICTSI).

But the bankruptcy filing is not the end of the saga. The legal battle continues.

Under the proposed reorganization plan, the ILWU would give $6.1 million to terminal operator ICTSI,...

https://www.freightwaves.com/news/creditor-challenges-bankruptcy-plan-of-west-coast-dockworkers-union

ICTSI in Latin America reaches a new operational milestone

CMA CGM Alexander Von Humboldt arrived at Contecon Manzanillo (CMSA) in Mexico and Sociedad Puerto Industrial Aguadulce (SPIA) in Colombia, marking a new operational milestone for International Container Terminal Services (ICTSI).

The 396-meter-long vessel is the first of its size in Latin America to operate on a regular basis. Its presence highlights CMSA and SPIA’s ability to efficiently handle larger vessels and encourage economies of scale. CMA CGM Alexander Von Himboldt is deployed on the...

https://container-news.com/ictsi-in-latin-america-reaches-a-new-operational-milestone/

Metrans launches new regular common train service in Rijeka

A new regular common user train service was recently launched by Metrans that links the Croatian port of Rijeka, via the Adriatic Gate Container Terminal (AGCT), to Budapest in Hungary.

More specifically, the new rail cargo service, that was launched in June, connects AGCT with Metrans’ Csepel Terminal in Budapest.

“We commend Metrans for launching this new service that connects Rijeka to Csepel Terminal and Metrans’ entire intermodal network in Europe. Unlike the multiple regular weekly block...

https://container-news.com/metrans-launches-new-regular-common-train-service-in-rijeka/

ICTSI Launches Decarbonization Programme

Credit: ben-wicks-unsplash

ICTSI unveils new initiative to drive decarbonization efforts, highlights a ICTSI news source.

International Container Terminal Services

International Container Terminal Services, Inc. (ICTSI) is making significant progress towards a more sustainable future with the launch of its Climate Change Action Initiative. This undertaking underscores ICTSI’s efforts to decarbonize and contribute to global efforts in addressing climate change.

Recognizing the urgent need to combat...

https://mfame.guru/ictsi-launches-decarbonization-programme/

ICTSI Inks Lease For Baltic Container Terminal

Credit: Michael/ unsplash

International Container Terminal Services Inc. (ICTSI) said on Tuesday it has signed a new 30-year lease with the Port Authority of Gdynia SA for the Baltic Container Terminal (BCT).

Management and Operation

The new lease, which will be effective until 2053, extends the tenure of BCT under the management and operation of ICTSI, the 100 percent owner of BCT. “We are pleased to extend our long and positive relationship with the Port of Gdynia, said Hans-Ole Madsen, ICTSI...

https://mfame.guru/ictsi-inks-lease-for-baltic-container-terminal/

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