ICTSI

Port of Guayaquil dredging officially approved

Contecon Guayaquil SA (CGSA), the Ecuadorian subsidiary of International Container Terminal Services, Inc. (ICTSI), welcomes the recent decision by the Guayaquil government to dredge and maintain the channel leading to the Port of Guayaquil.

Through an international tender, the Technical Commission of the Municipality of Guayaquil last 5 October awarded a 25-year concession to the Luxembourg-based Jan De Nul Group, which will undertake the dredging and maintenance of the 95-km main access...

http://container-news.com/port-guayaquil-dredging-approved/

ICTSI posts 9 months revenue of US$1 billion

International Container Terminal Services, Inc. (ICTSI) today (Nov. 7) reported unaudited consolidated financial results for the first nine months of 2018 posting revenue from port operations of US$1.0 billion, an increase of 10 percent over the US$918.3 million reported in the same period in 2017; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$462.1 million, six percent higher than the US$434.9 million generated in the first three quarters of 2017; and net income...

http://container-news.com/ictsi-posts-9-months-revenue-one-billion/

Cavite Gateway Terminal under way

The Department of Transportation said the country’s first container barge terminal is set to open in Tanza, Cavite on Nov. 5 this year.

Cavite Gateway Terminal will allow trans-shipment of cargo from international ports in Manila to Cavite via barges and roll-on roll-off operations.

The terminal will be integrated with other major Luzon port facilities for cost-effective and time-bound access to the Cavite market.

“We are an archipelago, so this is really a no-brainer. This project is also proof...

http://container-news.com/cavite-gateway-terminal-under-way/

ICTSI to expand Manila flagship

The Philippine Ports Authority (PPA) has given the nod for capacity improvements at the Manila International Container Terminal (MICT), the flagship operation of International Container Terminal Services, Inc. (ICTSI).

Foremost among these improvements is the first phase construction of Berths 7 and 8, set to begin on October 15. The second phase, to begin in February 19 pending final approvals, will add full back up area for the future berths 9 and 10.

The berth expansion, all with a controlling...

http://container-news.com/ictsi-expand-manila-flagship/

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