International Container Terminal Services Inc. (ICTSI)

ICTSI Ecuador launches first transport insurance program for banana trade

Contecon Guayaquil SA – the Ecuadorian subsidiary of International Container Terminal Services, Inc. (ICTSI) – is supporting growers at the world’s largest banana-exporting port with a comprehensive insurance program, giving them greater coverage for the transport of the country’s prized produce.

Designed according to the needs of Ecuador’s export market – SIE, Ecuador’s first integral insurance for banana exporters was launched recently through efforts of CGSA-led Logistics Community of the...

https://container-news.com/ictsi-ecuador-transport-insurance-banana/

OPC among ‘best companies to work for’

Operadora Portuaria Centroamericana (OPC), the Honduran subsidiary of port operator International Container Terminal Services, Inc. (ICTSI) was recently recognized as among the most attractive companies to work for in the logistics and distribution category, according to Central America-based recruitment portal Tecoloco.com.

OPC operates Puerto Cortes in Honduras, the largest port in the Central America 4’s (CA-4) region – serving Guatemala, El Salvador, Honduras and Nicaragua.

The study,...

https://container-news.com/opc-among-best-companies-to-work-for/

ICTSI Mexico hits milestone 4M TEU

Contecon Manzanillo S.A. de C.V. (CMSA), the Mexican subsidiary of International Container Terminal Services, Inc. (ICTSI) at the Port of Manzanillo, recently achieved its first year-to-date, four-millionth twenty-foot equivalent unit (TEU) milestone even as the company embarks on expansion works to increase capacity.

Fortino Landeros, CMSA chief executive officer, affirms that this milestone confirms CMSA’s efforts to improve its processes for its customers and port stakeholders: “We are proud...

https://container-news.com/ictsi-mexico-hits-milestone-4m-teu/

Faster turnarounds, better services seen at CA-4’s busiest port

Customers and port stakeholders of Operadora Portuaria Centroamericana (OPC), the Honduran subsidiary of International Container Terminal Services, Inc. (ICTSI) operating Puerto Cortes, Central America 4’s (CA-4) largest port, can expect faster cargo movement in and around the terminal with OPC beefing up its partnership with Honduran authorities for improved and more efficient port services.

OPC is working with the Honduran government and Puerto Cortés authorities to enhance the port’s...

https://container-news.com/faster-turnarounds-better-services-seen-ca-4-busiest-port/

ICTSI presents strong half-year performance

  • Throughput grew 7% to 5.0 million TEUs
  • Revenues increased 14% to US$751.8 million
  • EBITDA 19% higher to US$424.4 million

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

“ICTSI’s performance in the first half of 2019 has been very positive. The group’s focus on generating high quality earnings from our ports, ramping up activities at our newer terminals and strong cost control has enabled us to continue to deliver on our strategic objectives. Our business remains relatively...

https://container-news.com/ictsi-presents-strong-half-year-performance/

SBITC to launch containerized grain shipping

Subic Bay International Terminal Corporation (SBITC) announced that the shipment of grain may now be containerized.

SBITC, a member of the International Container Terminal Services Inc. (ICTSI), will begin importing shipments of grain such as rice, wheat, corn, and soybean meal through container shipping in order to increase cost-efficiency and effectiveness.

Containerization is a shipping method where cargo is loaded onto truck-sized intermodal containers. These containers are then loaded onto...

https://container-news.com/sbitc-to-launch-containerized-grain-shipping/

ICTSI Manila continues equipment roll-out

International Container Terminal Services, Inc. (ICTSI) recently took delivery of another new quay crane (QC) and eight new hybrid rubber tired gantries (RTGs) for its flagship Manila International Container Terminal (MICT), establishing the terminal as having the largest fleet of modern container-handling equipment in the Philippines today with 18 QCs and 58 RTGs.

Manufactured by Shanghai Zhenhua Heavy Industry Co. Ltd. (ZPMC), the QC is part of the five from ICTSI’s 2018 USD80-million capacity...

https://container-news.com/ictsi-manila-continues-equipment-roll-out/

ICTSI Pakistan launches rail service

Pakistan International Container Terminal (PICT), a subsidiary of International Container Terminal Services, Inc. (ICTSI), in cooperation with the state-owned Pakistan Railways, recently successfully launched a dedicated rail cargo service connecting the cities of Karachi and Lahore.

The cargo rail service hopes to move goods faster and at a significantly lower cost to upcountry markets, benefiting major industries of the country, such as agriculture, textile, fertilizer, sports goods,...

https://container-news.com/ictsi-pakistan-launches-rail-service/

ICTSI Croatia invests in future-proof terminal

Adriatic Gate Container Terminal (AGCT), the Croatian subsidiary of International Container Terminal Services Inc. (ICTSI) at the Port of Rijeka, is set to realize a comprehensive expansion plan in the period up to mid-2020.

In close cooperation with the Rijeka Port Authority, AGCT has drawn up plans for a two-phase dredging scheme with the first phase fully-approved, entailing the dredging of 130 meters of quay over its Berths 1 and 2. This will facilitate the berthing of vessels with a length...

https://container-news.com/ictsi-croatia-invests-future-proof-terminal/

ICTSI in talks for Hanjin acquisition

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) is negotiating with banks for the possible acquisition of Hanjin Heavy Industries and Construction Philippines’ (HHIC-Philippines) assets, a top official said.

“We’re still making presentations to the banks, the banks own it now…We’re developing a masterplan for Hanjin,” ICTSI Chairman and President Enrique K. Razon, Jr. told reporters after the company’s annual stockholders’ meeting in Solaire Resort and Casino on Thursday.

The discussions...

https://container-news.com/ictsi-in-talks-hanjin-acquisition/

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