Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

ICTSI bags Mindanao concession

Manila:  Manila-based International Container Terminal Services Inc. (ICTSI) said on Monday it had won the bid for a 25-year contract to operate a terminal in the southern part of the Philippines. ICTSI, operator of five other terminals in the Philippines including one in the capital Manila, said the contract covers the Mindanao Container Terminal (MCT) inside the Phividec Industrial Estate in Tagoloan town, Misamis Oriental. The MCT is designed to accommodate an annual throughput of 270,000 twenty-foot equivalent units, it said in a statement. ICTSI also operates terminals in Poland, Brazil, Madagascar, Ecuador, China, Syria, Georgia and Colombia. The company had said that its capital expenditure this year might increase by 230 percent to 11.6 billion pesos ($278 million), covering civil works, systems improvement and the purchase of major cargo handling equipment. [02/04/08]

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish