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Posts tagged with "International Container Terminal Services"

ICTSI transfers 30% stake in PNG terminal subsidiary to local communities

ICTSI transfers 30% stake in PNG terminal subsidiary to local communities

Feb. 19 | ICTSI South Pacific Limited (ISPL), a subsidiary of International Container Terminal Services, Inc. (ICTSI), has entered into agreements with two local communities in Papua New Guinea (PNG), providing each community with a 15% stake in South Pacific International...

Manila port operators seek shorter free storage period for containers

Manila port operators seek shorter free storage period for containers

Jan. 29 | PPA Port Management Office-NCR South officials, hearing committee members, Manila terminal operator executives, and representatives of port stakeholders’ groups in a photo after a public hearing on January 24. Port operators Asian Terminals Inc....

ICTSI income slips 15% in Q1

ICTSI income slips 15% in Q1

May. 10 | International Container Terminal Services, Inc. (ICTSI) reported a 15% drop in net income attributable to equity holders to $44.1 million from $51.7 million year-on-year, attributed by the port operator to “drag from the new terminals”. The decline...

PPA revisits TABS penalties, solicits public feedback

PPA revisits TABS penalties, solicits public feedback

Jul. 31 | The Philippine Ports Authority (PPA) is reviewing the implementation of the Terminal Appointment Booking System (TABS) and its penalties as it still sees “room for improvement.” “While we know that the TABS system is effective and it has contributed...

ICTSI upgrades MICT tracking system

ICTSI upgrades MICT tracking system

Jan. 19 | International Container Terminal Services, Inc. (ICTSI) has updated its online container-tracking system developed in-house for its flagship terminal, Manila International Container Terminal (MICT). ICTSI, in a statement, said the latest upgrade to version...

ICTSI acquires $350-M credit facility

ICTSI acquires $350-M credit facility

Jul. 28 | ICTSI’s flagship, the Manila International Container Terminal. Photo courtesy of ICTSI. Global port operator International Container Terminal Services, Inc. (ICTSI) has raised US$350 million for use in funding investments, acquisitions and general...

Foreign liners post 2.5% rise in Q1 volume at PH ports

Foreign liners post 2.5% rise in Q1 volume at PH ports

May. 11 | Patrick Ronas, president of the Association of International Shipping Lines Cargo throughput of international shipping lines servicing major Philippine ports rose 2.5% in the first quarter of the year to 774,818.5 twenty-foot equivalent units (TEU) from...

ICTSI to invest US$130M in Iraq port

ICTSI to invest US$130M in Iraq port

May. 1 | International Container Terminal Services, Inc. (ICTSI) is partnering with the Iraqi government, and investing an initial $130 million in Umm Qasr Port. ICTSI said it will operate and expand container and general cargo facilities in the port on Iraq’s...

Tacloban port reopens to commercial vessels

Tacloban port reopens to commercial vessels

Nov. 20 | The Port of Tacloban, one of several public infrastructure damaged by super typhoon Haiyan (local name Yolanda), is now fully functioning, according to Philippine Ports Authority (PPA) general manager Juan C. Sta. Ana. PPA contracted International Container...

ICTSI, Asian Terminals ease payment mode for PH forwarders

ICTSI, Asian Terminals ease payment mode for PH forwarders

Oct. 25 | PHILIPPINE International Seafreight Forwarders Association (PISFA) members should now find it easier paying port charges with two of the country’s port operators. Manila International Container Terminal operator International Container Terminal Services,...