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Tag Archives: ICTSI

ICTSI enjoys boosted income

International Container Terminal Services, Inc. (ICTSI) reports audited consolidated financial results for the year ended December 31, 2018. Consolidated volume higher by six percent to 9,736,621 twenty-foot equivalent units (TEUs) (FY2017: 9,153,458 TEUs) Revenue from port operations increased 11 percent to US$1.4 billion (FY2017: US$1.2 billion) Earnings Before Interest, Taxes, …

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MGT unlocks shipping system benefits

The recent call of the 2,500-TEU capacity Safmarine Nuba at the Matadi Gateway Terminal (MGT), an ICTSI Group company, opens the door to major new shipping system benefits for the Democratic Republic of the Congo (DRC).  The call, which took place at the end of January, marked the first call …

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ICTSI and Navis enter into new global partnership

Navis, a part of Cargotec Corporation, and the provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chain, announced a new global partnership agreement with International Container Terminal Services Inc. (ITCSI), around a centralized pooled approach and global volume view that supports ICTSI …

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ICTSI Manila employee rewards winners get their brand-new homes

Employees of International Container Terminal Services, Inc.’s (ICTSI) flagship Manila International Container Terminal (MICT), who won houses as part of the Company’s employee rewards program, recently received the keys to their brand-new homes. Sitting on a sprawling gated community within the heart of Cavite’s Tanza municipality, each of the 104-square …

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First container barge port inaugurated in PH

TANZA, Cavite — President Rodrigo Roa Duterte on Thursday, November 22, inaugurated the first and only container barge port in Philippines – the Cavite Gateway Terminal (CGT). A collaboration between the Department of Transportation (DOTr) and the International Container Terminal Services, Inc. (ICTSI), the project is expected to ease port congestion …

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ICTSI wins fifth straight The Asset ESG tilt

Port operator International Container Terminal Services, Inc. (ICTSI) has once again been honored as among the elite Asian companies that has shown all-round excellence in environmental, social and corporate governance (ESG) by Hong Kong-based financial magazine The Asset, winning the highest Platinum ESG citation for the fifth consecutive year. ICTSI …

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ICTSI offers to develop Iloilo ports

International Container Terminal Services, Inc. (ICTSI) has submitted a proposal to the Philippine Ports Authority (PPA) to develop two ports in Iloilo – the Iloilo Port Complex and the Port of Dumangas, an investment estimated to cost over P5 billion. In line with the future development needs of Iloilo and …

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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 …

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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 …

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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 …

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