International Container Terminal Services Incorporated - updates

Rappler's latest stories on International Container Terminal Services Incorporated

ARTICLE FINDER

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

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

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

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