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Manila ports operating beyond capacities

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AFP FILE PHOTO

The Export Development Council (EDC) has urged the government to issue a policy or an executive order that will shift foreign cargoes from the Port of Manila to the Port of Batangas and other newly developed international ports across the country.

Posted: March 4th, 2014 in Editor's Pick,Headlines | Read More »

ICTSI takes in partner for port project in Nigeria

Enrique Razon Jr. FILE PHOTO

International Container Terminal Services Inc., the country’s biggest port operator, has taken in one of the world’s biggest container shipping firms as a partner in its Nigerian venture, a stock exchange filing showed Monday.

Posted: January 28th, 2014 in Latest Business Stories | Read More »

ICTSI completes sale of Cebu unit

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Enrique Razon Jr. FILE PHOTO

Ports operator International Container Terminal Services Inc. (ICTSI) has completed the sale of its controlling stake in Cebu International Container Terminal Inc. for P1.65 billion, a stock exchange filing showed Tuesday.

Posted: January 15th, 2014 in Latest Business Stories | Read More »

Shift in container traffic to Batangas, Subic pushed

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The Joint Foreign Chambers (JFC) is recommending a gradual shift in international container shipment volume from Manila to Batangas and Subic, citing the “gross underutilization” of the Batangas Container Terminal.

Posted: December 17th, 2013 in Headlines | Read More »

ICTSI 9-mo net income rose 22%

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Global ports operator International Container Terminal Services Inc. said net income in the nine months through September rose 22 percent to $128.8 million as revenues and margins improved, a filing to the Philippine Stock Exchange showed on Monday.

Posted: November 11th, 2013 in Headlines | Read More »

ICTSI overseas unit, partner to operate seaport in Colombia

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Global port operator PSA International Ptd. Ltd. has completed its investment in a unit of Enrique Razon Jr. –led International Container Terminal Services Inc. that will develop and operate a seaport in Colombia

Posted: October 31st, 2013 in Headlines | Read More »

End to conflicting roles of PPA pushed

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State think tank Philippine Institute for Development Studies has called for an end to the conflicting dual roles of the Philippine Ports Authority (PPA) as regulator and competitor in port services, as it also stressed the need to immediately address the lack of independence of the Maritime Industry Authority (Marina), to boost the country’s shipping and port system.

Posted: October 13th, 2013 in Headlines | Read More »

Gov’t urged to privatize ports sector

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Asian Terminals Inc. (ATI), which operates ports in Manila and Batangas, said profit dipped by a third in the nine months through September on a change in accounting policy while revenues were up..  AFP PHOTO

The South Luzon chambers of commerce have sought a level playing field in the ports business and urged the government to end the multiple and conflicting roles of the Philippine Ports Authority (PPA) as regulator, developer and competitor in maritime trade or port services.

Posted: July 25th, 2013 in Editor's Pick,Headlines | Read More »

‘Interventionist’ measures eyed to decongest Manila ports

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AFP FILE PHOTO

The Department of Transportation and Communications may resort to more “interventionist” measures to decongest Manila’s ports in favor of underutilized facilities in Subic and Batangas, including recommending certain government guarantees for shipping companies.

Posted: April 29th, 2013 in Latest Business Stories | Read More »

ATI allots P1.8B for 2013 capex

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ati

Port developer Asian Terminals Inc. (ATI) is stepping up expansion efforts for the coming year to increase capacity at existing ports amid the growth of international cargo volumes entering and leaving the country.

Posted: March 11th, 2013 in Latest Business Stories | Read More »

ICTSI bags deal to develop, operate Honduras port

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ICTSI

Port operator International Container Terminal Services Inc. has bagged a deal to develop and operate a container and cargo terminal at Puerto Cortes in Honduras, the largest and most significant port in Central America.

Posted: February 4th, 2013 in Latest Business Stories | Read More »

ICTSI affiliate pulls out of Syria

Manila-based International Container Terminal Services Inc. (ICTSI) is pulling out of Syria amid a civil war that threatens the viability of the company’s operations and the safety of its personnel.

Posted: December 28th, 2012 in Headlines | Read More »

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