ICTSI's global operations continue to drive record-breaking growth, with net income surging 66 percent in 2024 Global port operator International Container Terminal Services Inc. (ICTSI) tallied an impressive growth momentum in 2024, growing its net income by 66 percent despite geopolitical...
Mindanao Container Terminal (MCT), a business unit of Razon-led International Container Terminal Services Inc. (ICTSI), has shifted its operations during daylight hours to solar power. The MCT, a key gateway in Northern Mindanao, started sourcing solar power on Feb. 14 under a retail supply...
2025 MB Newsmakers of the Year honorees Aira Villegas and Nesthy Petecio at the awarding ceremony with MB Executive Editor Pinky Colmenares (left), ICTSI Executive Director Filip Laurena, and ICTSI Foundation Program Operations Manager Francis J. Algernon Bartolome. International Container Terminal...
Ceremonial signing of the certificate of successful negotiations and original proponent status for the South-Luzon Integrated Terminal Exchange Project at the Carmona City Hall on Feb. 17 (Photo from Rep. Roy A. Loyola/MANILA BULLETIN) CARMONA CITY, Cavite – The certificate of successful...
ILOILO CITY – Former Mayor Jed Patrick Mabilog defended the Iloilo-Guimaras Ferry Terminal, a joint venture project with DoubleDragon Properties Corp. that started in 2012 during his first term as mayor here. THE Iloilo-Guimaras Ferry Terminal (IGFT) was developed and operated by the...
Visayas Container Terminal (VCT), International Container Terminal Services, Inc.’s (ICTSI) operation at the Port of Iloilo, reported that it has welcomed the first gearless vessel to call in the Western Visayas Region. Operated by Regional Container Lines (RCL), the MV Otana Bhum made its...
Ecuador's banana export capabilities have received a boost with the launch of a new cold storage facility at the Port of Guayaquil. The facility, developed in partnership with Cool Carriers, is the first on-dock cold storage facility in the country and will ensure uninterrupted cold chain...
Onne Multipurpose Terminal (OMT), International Container Terminal Services, Inc.’s (ICTSI) operation in Nigeria, has invested over $25 million (P1.5 billion) for two new mobile harbor cranes (MHC) and a container freight station (CFS). In a statement, ICTSI said these investments...
ILOILO CITY – The city government has lost millions in revenue from the operation of the Iloilo-Guimaras Ferry Terminal, a joint project with a property developer in a 1.3-hectare land it owns. THE Iloilo-Guimaras Ferry Terminal (IGFT). (Tara Yap) Data from the Iloilo City...
Razon-led International Container Terminal Services Inc. (ICTSI) is planning to invest $100 million to upgrade the Mindanao Container Terminal (MCT) after securing a 25-year extension to operate the port. In a disclosure on Friday, Dec. 20, ICTSI said that the funds will be used to enhance the...
New NAIA Infrastructure Corp. (NNIC), operator of the Ninoy Aquino International Airport (NAIA), is looking to ramp up the establishment of a new terminal to serve and accommodate a projected spike in the number of passengers to 50.2 million annually. At a news briefing over the weekend, NNIC...
Razon-led International Container Terminal Services, Inc. (ICTSI) reported a 31 percent increase in attributable net income in the first nine months of 2024 to $632.6 million from $484.5 million in the same period last year on the back of higher operating income. In a regulatory filing on Tuesday,...
