International Container Terminal Services Inc. (ICTSI)

ICTSI reports growth in both revenue and container volumes

International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for 2019 posting revenue from port operations of US$1.5 billion, an increase of 7% over the US$1.4 billion reported in 2018.

Earnings before interest, taxes, depreciation and amortization (EBITDA) of US$830.1 million was 10% higher than the US$755.4 million generated in 2018 and net income attributable to equity holders of to US$100.4 million was down 52% compared to the US$207.5 million...

https://container-news.com/ictsi-reports-growth-in-both-revenue-and-container-volume/

ICTSI wins top ASEAN logistics plum in a row

For the second straight year, International Container Terminal Services, Inc. (ICTSI) was recognized for its outstanding performance and promoting greater regional inclusivity in the ASEAN logistics sector.

The ASEAN Business Advisory Council (ASEAN-BAC), the lead private sector initiative towards economic inclusivity in the region, awarded ICTSI the coveted Priority Integration Sector Award for Logistics at the recent 2019 ASEAN Business Awards in Thailand. ICTSI was first recognized in 2018,...

https://container-news.com/ictsi-wins-tops-asean-logistics-plum/

ICTSI Legal among PH’s best

International Container Terminal Services, Inc.’s (ICTSI) Global Corporate Legal Affairs Department was honored recently by the Asian Legal Business magazine as finalist for the Philippine In-House Team of the Year, Transportation and Logistics In-House Team of the Year, and Innovative In-House Team of the Year categories during the annual Philippine Law Awards last 22 November 2019. Atty. Lirene C. Mora-Suarez, ICTSI Asia Pacific Regional Legal Manager (center), was awarded as Woman Lawyer of...

https://container-news.com/ictsi-legal-ph-best/

ICTSI Poland hits milestone 500K TEU move

Baltic Container Terminal (BCT), the Polish unit of International Container Terminal Services, Inc. (ICTSI) at the Port of Gydnia, capped 2019 with a milestone after recently reaching its 500,000th twenty-foot equivalent unit (TEU) move on 21 December.

The event, which coincided with the 40th anniversary of the Gydnia terminal, was marked by the loading of the milestone MSC container to MSC Veronique.

Wojciech Szymulewicz, BCT Chief Executive Officer, said:  “As a gateway terminal serving the...

https://container-news.com/ictsi-poland-milestone/

ICTSI Croatia welcomes new intermodal service

Adriatic Gate Container Terminal (AGCT), the Croatian subsidiary of International Container Terminal Services, Inc. (ICTSI) at the Port of Rijeka, recently welcomed the new Rijeka Land Sea Express, a weekly vessel and intermodal service linking Rijeka to Central European countries.

Led by COSCO Shipping and rail freight partner Ocean Rail Logistics, this service consists of the regular maritime Piraeus–Rijeka Express Service (PRS), exclusively connecting Rijeka and Piraeus, and with it aligned...

https://container-news.com/ictsi-croatia-intermodal-service/

ICTSI delivers strong financial performance

  • Throughput grew 6% to 7.6 million TEUs
  • Revenues increased 10% to US$1,107.3 million
  • EBITDA 14% higher at US$624.3 million

Enrique K. Razon, Jr., Chairman and President of ICTSI said:

“ICTSI has continued to deliver strong financial performance driven by organic volume growth, diligent cost management, and the continued ramp up of newer terminals. Positive progress has been made across the business which in part has been enabled by the prudent investments we make in our brownfield terminals.”

“Whi...

https://container-news.com/ictsi-strong-financial-performance/

ICTSI will develop Iloilo ports

The Philippine Ports Authority has recently 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 now begin to evaluate the legal, financial and technical merits of ICTSI’s proposal to modernize the...

https://container-news.com/ictsi-iloilo-ports/

ICTSI efforts to end human trafficking recognized

International Container Terminal Services, Inc. (ICTSI)’s initiative supporting the global fight against modern slavery has been cited as one of the outstanding corporate sustainability efforts in the Philippines during the recent 2019 Sustainable Business Awards.

ICTSI earned a Special Recognition for Business Responsibility and Ethics for leading the effort to stop human trafficking across local and global supply chains, made possible through a Php5-million grant by ICTSI Foundation, Inc....

https://container-news.com/ictsi-efforts-human-trafficking-recognized/

ICTSI assures sustainable port operations

International Container Terminal Services Inc. (ICTSI) of tycoon Enrique Razon has assured sustainable operations of its gateway ports amid global headwinds.

With 32 ports in 18 countries across the globe, ICTSI guaranteed the unimpeded mobility of cargo by ensuring that its gateway ports, a key channel in economic growth, provide the best service.

“Amid global headwinds, the diversity of the ICTSI Group’s portfolio and our strategy to make all our ports drivers of positive and sustainable growth...

https://container-news.com/ictsi-sustainable-port-operations/

ICTSI is PH’s best transport company

International Container Terminal Services, Inc. (ICTSI) has been named the Philippines’ Most Outstanding Company in the transportation sector by Asiamoney.

ICTSI joins11 other companies in the Philippines, and 153 companies in the region recognized at the yearly Asia Outstanding Companies Poll for excellence in financial performance, management team excellence, investor relations, and corporate social responsibility initiatives.

Christian R. Gonzalez, ICTSI Global Corporate Head, thanked...

https://container-news.com/ictsi-ph-best-transport-company/

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