International Container Terminal Services - updates

Rappler's latest stories on International Container Terminal Services

ARTICLE FINDER

GSIS backpedals on planned sale of port property

Jul 04, 2019 - 5:30 PM

GSIS Chairman Rolando Macasaet says they revoked resolutions authorizing the sale of the 67-hectare property where ICTSI is operating


TIMELINE: GSIS, Enrique Razon's dispute over port property

Jul 04, 2019 - 4:15 PM

GSIS president Jesus Clint Aranas quits his post amid revived plans to sell the land where port tycoon Enrique Razon's ICTSI operates. Here is a timeline of events dating all the way back to the 1970s.

Philippines' first container RO-RO barge port to open November 2018

Oct 19, 2018 - 5:00 PM

The Cavite Gateway Terminal in Tanza will be inaugurated on November 5, and will be integrated with other major Luzon port facilities

FIRST. Hailed as the first container barge terminal, the Cavite Gateway Terminal is set to be inaugurated in November 5. Photo from Department of Transportation

ICTSI makes move into Papua New Guinea

Sep 25, 2017 - 6:00 PM

The listed port operator enters the Oceania market as its subsidiaries sign deals to run international ports in Motukea and Lae

FRESH NICHE. ICTSI says its subsidiaries signed two 25-year agreements with state-owned PNG Ports Corporation Limited to operate international ports in Motukea and Lae. File photo

ICTSI buys Petron's stake in Manila North Harbor

Sep 22, 2017 - 12:45 PM

In a P1.75-billion deal, Petron divests from the Manila North Harbor to focus on its core business

NEW OWNER. ICTSI is entering into another port in Manila, widening its reach here in the country. File photo

Termination of Nigeria contract pulls ICTSI's income to over $100M

Aug 09, 2017 - 12:40 PM

The 24 surge in net income comes amid higher interest and financing charges as well as higher depreciation and amortization expenses

Big business winners, losers in Duterte's 1st year

Jul 24, 2017 - 5:03 PM

The stock price of Dennis Uy s Phoenix Petroleum increased about 92 from July last year while Ongpin associated Philweb s stock price fell 46 3

FIREBRAND. Though President Rodrigo Duterte has for the most part left businessmen on their own, his tirades against select businessmen have brought about  tremors at the Philippine Stock Exchange.

Razon-led ICTSI ends contract with Port of Portland

Mar 01, 2017 - 4:10 PM

ICTSI will pay the Port of Portland 11 45 million in compensation and return the equipment it bought when it took over management of the terminal in 2011

1ST US VENTURE. The Port of Portland lease is ICTSI’s first venture in the US and said to be the largest financial transaction in the history of the city's maritime port. Photo from ICTSI

Duterte hosts intimate dinner for top businessmen

Jan 18, 2017 - 4:40 PM

The 3 hour dinner is organized by former president and now Deputy Speaker Gloria Macapagal Arroyo and Presidential Consultant for Entrepreneurship Joey Concepcion

DINNER WITH BUSINESSMEN. President Rodrigo Duterte hosts a dinner for the country's top businessmen on January 17, 2017. Photo by Rey Baniquet/Presidential Photo

ICTSI proposes $30M barge, RoRo terminal in Cavite

Dec 15, 2016 - 7:40 PM

Transshipping cargo from Manila s ports to Cavite via barge and RoRo equates to approximately 140 000 fewer truck trips plying city roads annually

DECONGEST MANILA PORTS. The proposed terminal will be located within a 6-hectare property in Tanza, Cavite. Rappler file photo

Razon group plans to renovate Rizal Memorial Coliseum, add malls

Dec 06, 2016 - 3:32 PM

Within the walls and facade of Rizal stadium will rise contemporary buildings that will house modern offices and commercial areas run by smart technologies the group s proposal says

DERELICT. Destroyed during World War II, the Rizal stadium was reconstructed in 1953, and renovated in 2011. Photo by Bob Guerrero/Rappler.com

ICTSI's Razon gets subpoena over estafa complaint

Oct 02, 2016 - 7:45 PM

This stems from a criminal complaint of an E Razon Incorporated stockholder claiming P250 million worth of ICTSI shares

TROUBLE. About 28 million shares owned by Enrique Razon, Jr. in the listed port operator International Container Terminal Services Incorporated (ICTSI) is being questioned at a city prosecutor’s office. Rappler photo

ICTSI to open new port terminal in Congo in August

Jan 16, 2016 - 8:51 AM

The new terminal will be located in Matadi the chief sea port in Congo

NEW DEVELOPMENTS. Construction of ICTSI’s new Congo terminal is set to open for business in mid-2016. Photo from ICTSI

Global CEOs still have high hopes for China

Oct 14, 2015 - 5:01 PM

China will still remain as one of the most important capital markets in the world says the chairman of Japan s ORIX Corporation

CHINA TURNAROUND. Global CEOs (from left) Enrique Razon, Sam Goi, and Yoshihiko Miyauchi are all optimistic about China's comeback. All photos from Weber Shandwick for #FGCEO2015

ICTSI raises $450M for 2015 capital spending

Aug 19, 2015 - 6:38 PM

The port operator raises the fund through the issuance of perpetual bonds

PORT EXPANSION. ICTSI's 2015 capital spending budget will be mainly used for completion of new container terminals in Mexico, Honduras and Iraq. File photo by Agence France-Presse AFP

Davao Sasa project attracts 5 investors

Jul 29, 2015 - 5:34 PM

San Miguel ICTSI and Singapore s Portek are among the 5 groups that want to bid for the Davao Sasa modernization project

NEEDED IMPROVEMENTS. A study shows that container traffic in Davao is seen to increase by at least 6% annually over the next 25 years. Photo from Wikipedia

From Gensan to Boston: A Lumad's dream for his people

Apr 24, 2015 - 4:00 PM

17 year old Marlito Soriano hopes to be the one to help end the discrimination against the Lumads in General Santos City

ICTSI not keen on Davao Sasa seaport project

Apr 20, 2015 - 11:06 AM

We may not bid for that says ICTSI chairman Enrique Razon Jr when asked about the P17 B first seaport public private partnership project of the Aquino administration

PH port operator plans Africa expansion

Apr 16, 2015 - 9:45 PM

ICTSI Chairman Enrique Razon Jr says the firm is eyeing two ports in Africa as it continues its global expansion

Port congestion ‘completely over’ – Malacañang

Apr 13, 2015 - 4:25 PM

The congestion issue is resolved despite higher than normal volumes handled during the first quarter Malacañang says

Manila to host 15th Forbes Global CEO Conference in October

Mar 18, 2015 - 2:27 PM

It will be the first time for the country to host the annual gathering of the ‘world’s most economically powerful business people’

N. Mindanao ready to break into int’l trade?

Mar 07, 2015 - 8:07 PM

Opportunities abound in agriculture food processing service related industries and trade infrastructure services

Port congestion fixed, Malacañang says

Mar 02, 2015 - 6:30 PM

The volume of cargo ship in and out of the seaports in the Philippines also grew faster in 2014 amid the congestion the Philippine Ports Authority reports

Manila ports less congested now, says ports agency

Feb 23, 2015 - 2:30 PM

The continued decline in the utilization level of the Manila ports is a clear manifestation of a healthy government and private sector partnership the Philippine Ports Authority chief says

ICTSI boosts Manila, Subic port capacities

Feb 20, 2015 - 8:27 PM

The port management firm adds 4 new generation reach stackers to its fleet to handle growing volumes in and out of Luzon

The port management firm adds 4 new efficient generation stackers to its fleet

Singson to importers: Move cargos on weekends

Oct 13, 2014 - 7:40 PM

Public Works Secretary Rogelio Singson laments that many importers do not take advantage of the ports on weekends when traffic is lighter

File photo of DPWH Secretary Rogelio Singson

Alternative ports not long-term solution to port congestion

Oct 07, 2014 - 5:46 PM

The private port operator of the congested Manila harbor wants better road networks to achieve faster movement of shipments in and out of the port of Manila

Manila ports decongesting but corruption poses problem

Oct 01, 2014 - 5:27 PM

Secretary to the Cabinet Rene Almendras discloses a scheme by fixers that includes unfair charges for shipping lines

The Manila International Container Terminal. Photo from the ICTSI website

After truck ban, Manila ports start to breathe

Sep 25, 2014 - 6:37 PM

Private operators of the country s biggest shipping ports report an increase in import and export shipments in Manila

The Manila International Container Terminal. Photo from the ICTSI website

Port operators move overstaying containers to Laguna

Sep 12, 2014 - 11:33 AM

In addition to the ports of Subic and Batangas a 4 hectare facility in Laguna will house overstaying cargoes piling up at the Manila harbor

CONGESTION. Trucks carrying shipping containers arrive at Manila's international container port on April 10, 2014. File photo by  Jay Directo/AFP

Overstaying containers at Manila ports shipped out to Subic

Aug 29, 2014 - 10:43 AM

A chartered vessel moves overstaying cargo to make way for the onset of peak shipping season next month

Manila port braces for cargo peak season

Aug 21, 2014 - 3:58 PM

The Manila International Container Terminal operator will complete yard expansion in 30 to 60 days in anticipation of the surge in cargo volume by December

Palace offers perks to Batangas port users

Aug 18, 2014 - 12:22 PM

The government is promoting the Batangas port as an alternative to the congested Manila ports

UNDER STUDY. A study is set to assess how the Batangas port can be fully utilized for Manila port's sake. AFP Photo

Cabinet body orders speedy release of food cargo at Manila port

Aug 16, 2014 - 12:20 PM

The Cabinet Cluster on Port Congestion has directed Manila port operators to prioritize the release of food cargo to avert price hikes and a looming food shortage in the metro

Manila ports to 'normalize' in 4 weeks, says PPA

Jul 14, 2014 - 8:53 PM

Empty containers at the ports are being shipped out to Subic

REPERCUSSIONS. PEZA director-general Lilia de Lima warns of the repercussions of Manila's truck ban on Philippine exports. Romeo Gacad/AFP

Customs confiscates immobilized empty containers in Manila Port

Jun 07, 2014 - 7:52 PM

According to district collector Elmir Dela Cruz the seized overstaying containers have been at the MICP for more than 150 days already

Photo of container vans being transferred in the Manila International Container Terminal from AFP.

Battle of ports: Where should Calabarzon shipments go?

Feb 26, 2014 - 11:42 PM

The Batangas port is under utilized but Manila port operator ICTSI says the problem cannot be solved by diverting shipments from Manila

MARINE GATEWAY. In order to retain its trading hub status, Batangas City must redesign its seaport to withstand the effects of climate change. Photo by Agence France-Presse

ICTSI partners with French group for Nigerian port project

Jan 27, 2014 - 5:45 PM

Once completed the Lagos port will be the single largest terminal in sub Sahran Africa

PARTNERSHIP. File Photo by AFP

ICTSI to set up $100 million terminal in DR Congo

Jan 24, 2014 - 8:22 PM

International Container Terminal Services Inc ICTSI is setting up a 100 million terminal in the Democratic Republic of Congo

ARBITRATION. ICTSI goes to London court for dispute with lessor in Georgia. File photo by AFP

PLDT, Razon group to lead Tacloban rehab

Jan 24, 2014 - 6:23 PM

The government promises them business potential in areas rehabilitated after Super Typhoon Yolanda Haiyan

9 giant firms lead Yolanda rehab

Jan 23, 2014 - 6:11 PM

UPDATED Rehabilitation Secretary Panfilo Lacson says the private sector should be engaged and government should [only] be the fallback

ICTSI, Shell pitch in to help Tacloban port

Dec 02, 2013 - 9:18 PM

The two companies are stepping up to help operate the port of Tacloban

MOBILE HARBOR CRANE. ICTSI will be using this crane to load and offload goods in the Port of Tacloban. Photo from ICTSI press release

ICTSI initiates arbitration case vs Georgia lessor

Jul 05, 2013 - 4:35 PM

A unit of homegrown port operator giant ICTSI initiates arbitration proceedings before the London Court of International Arbitration against its lessor in Georgia

ARBITRATION. ICTSI goes to London court for dispute with lessor in Georgia. File photo by AFP

Razon's ICTSI shortlisted for Melbourne port project

May 17, 2013 - 5:13 PM

International Container Terminal Services Inc of port and casino magnate Enrique Razon Jr has been shortlisted to build and operate a 1 6 billion container terminal project in Melbourne

SHORTLISTED. Razon-led ICTSI is among 5 groups that will bid for a container terminal project in Melbourne. Photo by AFP

Razon-led ICTSI bags Honduras port contract

Mar 22, 2013 - 4:06 PM

Homegrown port giant ICTSI won a a 30 year contract to operate and maintain a container and cargo terminal of Puerto Cortes in Honduras

PORT BUSINESS. The international portfolio of ICTSI is growing. Photo by AFP

Razon-led ICTSI says profit up on higher port revenues

Mar 11, 2013 - 9:20 PM

The global port operator books a net income of 144 million in 2012 up 10 year on year

BETTER INCOME. ICTSI says growth is driven by strong port revenues. Photo by AFP

Razon-led ICTSI pulls out port business in Syria

Dec 29, 2012 - 12:17 AM

Philippine port operator International Container Terminal Services Inc ICTSI said Friday December 28 it is pulling out of Syria due to instability caused by the civil war

Ayala, Sy, Gokongwei to join Aquino in US, UK trips

Jun 04, 2012 - 8:27 PM

About 26 top Filipino businessmen are part of the delegation that will accompany President Aquino in his visits to the United Kingdom and United States from June 4 to 10

Razon-led ICTSI to acquire 35% of Pakistan port

Apr 02, 2012 - 4:35 PM

Enrique Razon led International Container Terminal Services Inc ICTSI signed a share purchase agreement to acquire 35 of a container cargo terminal in Pakistan s main port of Karachi