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 expands into Ecuador

ICTSI expands into Ecuador

Manila: Philippines-based International Container Terminal Services Inc. said Tuesday it has won a 20-year concession to operate a container terminal in Ecuador.

The listed company also known as ICTSI told the local stock exchange it won the Guayaquil concession on South America's west coast.

The agreement is to be signed in May. No other further details were disclosed.
The Filipino firm also operates ports in Brazil, Indonesia, Japan, Madagascar, the Philippines, Poland and Syria. In February, it announced that it had acquired a majority stake in a Shandong province port operator in its first foray into the China market.

ICTSI's move into Ecuador follows hot on the heels of rival Hutchison Port Holdings' debut into the same nation at Manta.  [28/03/07]


Hide comments
account-default-image

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

SMN_Podcast_Leaderboard.jpg