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ICTSI signs partnership deal for Indonesian port operations

Business | The Stock Market

ICTSI signs partnership deal for Indonesian port operations

By James A. Loyola

Razon-led International Container Terminal Services Inc. (ICTSI) has signed an agreement to be the strategic partner for the development and operation of Batu Ampar Container Terminal (BACT) in Batam, Indonesia.

In a disclosure to the Philippine Stock Exchange (PSE), the firm said PT Batam Terminal Petikamas (BTP), has signed an agreement with ICTSI subsidiary PT Batu Ampar Container Terminal (BACT) as the 30-year strategic partner to operate and develop its flagship BACT.

BTP is a subsidiary of an Indonesian government state-owned entity (SOE) formed to develop terminal facilities and infrastructure in Batam Island, while BACT is a 75 percent-25 percent joint venture between ICTSI and PT Interport Sarana Infrastruktur Indonesia.

BACT is the main container terminal for Batam Island, a prominent special economic zone (SEZ) in Southeast Asia, strategically located along Malacca Strait.

BACT has 1,032 meters of operational quay length, five ship-to-shore cranes, and a fully developed backup area. In 2024, the local market exceeded 600,000 twenty-foot equivalent units (TEUs).

ICTSI’s joint-venture partner, PT Interport Sarana Infrastruktur Indonesia, is a wholly owned subsidiary of PT Indika Energy TBK, a leading Indonesian business engaged in energy, logistics and infrastructure, minerals, green business, and digital ventures.

Related Tags

International Container Terminal Services Inc. (ICTSI)

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