International Container Terminal Services Inc. (ICTSI)

ICTSI achieves record net income and volume growth in Q1

International Container Terminal Services, Inc. (ICTSI) has reported robust financial and operational results for the first quarter of 2025, posting solid gains across key metrics and achieving record earnings.

The Philippines-based port and terminal operator recorded a 17% year-on-year increase in revenue, reaching US$745.42 million in Q1. Additionally, EBITDA rose by 18% to US$489.59 million, reflecting strong operational performance and improved cost efficiencies.


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https://container-news.com/ictsi-achieves-record-net-income-and-volume-growth-in-q1/

Iraq’s Basra Gateway Terminal marks container vessel handling record

ICTSI-operated Basra Gateway Terminal (BGT) has set a new industry benchmark with the successful handling of the 16,000 TEU container ship HMM Daon, the largest vessel to dock at the Port of Umm Qasr in Iraq.

BGT’s ability to efficiently handle ULCVs is the result of continued infrastructure investments, including the deployment of three post-panamax ship-to-shore cranes.

“The modern facilities, combined with a skilled workforce, ensure smooth operations at Iraq’s busiest port,” said ICTSI in a...

https://container-news.com/iraqs-basra-gateway-terminal-marks-container-vessel-handling-record/

ICTSI-operated MICT welcomes Hapag-Lloyd’s inaugural CPF service call

International Container Terminal Services, Inc.’s (ICTSI’s) flagship terminal, the Manila International Container Terminal (MICT), marked a milestone with the arrival of Hapag-Lloyd’s newly launched China-Philippines Feeder (CPF) service at the Port of Manila.

The German carrier’s first-ever call to the Philippines was highlighted by the arrival of Tokyo Express on 17 March.

The CPF service establishes a direct shipping route connecting Nansha, Tanjung Pelepas, Singapore, and key Philippine...

https://container-news.com/ictsi-operated-mict-welcomes-hapag-lloyds-inaugural-cpf-service-call/

ICTSI’s Matadi Gateway Terminal enhances cargo handling capabilities

International Container Terminal Services, Inc. (ICTSI)-operated Matadi Gateway Terminal (MGT) continues to strengthen its operational capacity with the recent acquisition of four new hybrid and automated rubber-tired gantries (RTGs).

The new machines will expand the terminal’s RTG fleet to eight units. After commissioning, the RTGs are expected to further improve yard productivity.

“With these additional cranes, MGT will improve vessel and truck turnaround times, leading to faster services and...

https://container-news.com/ictsis-matadi-gateway-terminal-enhances-cargo-handling-capabilities/

Matadi Gateway Terminal implements projects to enhance operational efficiency

Matadi Gateway Terminal (MGT), International Container Terminal Services, Inc.’s (ICTSI’s) operation in the Democratic Republic of the Congo, is launching key projects in 2025 to boost efficiency, improve customer service, and reinforce Matadi’s status as the country’s premier maritime gateway.

A major initiative includes the construction of a 2.65-kilometer road connecting the Port of Matadi to the Kinkanda traffic circle via SEP (Services des Entreprises Pétrolières) Congo and Route Nationale...

https://container-news.com/matadi-gateway-terminal-implements-projects-to-enhance-operational-efficiency/

ICTSI boosts annual revenues and earnings

Global port and terminal operator International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for 2024, posting revenue from port operations of US$2.74 billion, an increase of 15% from the same period in 2023.

Additionally, ICTSI increased its Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) by 18% to US$1.78 billion and its net income attributable to equity holders by 66% to US$850 million. At the same time, the company’s...

https://container-news.com/ictsi-boosts-annual-revenues-and-earnings/

ICTSI’s Mindanao Container Terminal shifts to solar power

Mindanao Container Terminal (MCT), the business unit of International Container Terminal Services Inc. (ICTSI) at the Port of Cagayan de Oro in the Philippines, has transitioned to operating entirely on solar power during daylight hours.

Since 14 February, MCT has been sourcing solar energy under a retail supply contract with PrimeRES Energy Corporation, in line with the Philippine energy department’s Retail Competition and Open Access (RCOA) framework.

“The Mindanao Container Terminal is a key...

https://container-news.com/ictsi-mindanao-container-terminal-shifts-to-solar-power/

Basra Gateway Container Terminal receives new Mobile Harbour Crane

Iraq’s Basra Gateway Container Terminal (BGT), operated by International Container Terminal Services, Inc. (ICTSI) at the Port of Umm Qasr, has been equipped with a new Konecranes Gottwald ESP.8 mobile harbour crane (MHC).

With a lifting capacity of 125 tons and a 54-meter boom, the crane is capable of handling vessels up to post-Panamax size, enhancing BGT’s operational efficiency.

Moreover, this acquisition is part of BGT’s ongoing effort to modernize Iraq’s busiest port and provide reliable,...

https://container-news.com/basra-gateway-container-terminal-mobile-harbour-crane/

MICT boosts container capacity and improves efficiency

Manila International Container Terminal (MICT), the flagship operation of International Container Terminal Services Inc. (ICTSI) and one of the Philippines’ largest and most advanced container terminals, continues to enhance capacity and efficiency through infrastructure upgrades, equipment modernization, and digital innovations.

To accommodate growing demand, MICT is constructing Berth 8, designed to handle ultra-large container vessels (ULCVs) of up to 18,000 TEUs. This expansion will increase...

https://container-news.com/mict-boosts-container-capacity-and-improves-efficiency/

MICT boosts sustainability with new hybrid RTGs and expansion plans

Manila International Container Terminal (MICT), the flagship terminal of International Container Terminal Services, Inc. (ICTSI) and the Philippines’ primary international trade gateway, has made a significant move to address customer needs while promoting eco-friendly operations with the arrival of eight hybrid rubber-tired gantries (RTGs) equipped with near-zero emission (NZE) technology.

Built by Japan’s Mitsui Engineering & Shipbuilding (MES), these state-of-the-art RTGs highlight MICT’s...

https://container-news.com/mict-boosts-sustainability-with-new-hybrid-rtgs-and-expansion-plans/

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