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‘Interventionist’ measures eyed to decongest Manila ports

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The Department of Transportation and Communications may resort to more “interventionist” measures to decongest Manila’s ports, such as the South Harbor (in photo) in favor of underutilized facilities in Subic and Batangas. AFP

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 »

Manila port operator pulls out of Syria

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Shipping containers of Philippine products for export sit stacked along the docks of the international container port in Manila on Sept. 11, 2012. Exports climbed 16.5 percent in December to $3.97 billion, the biggest rise in three months.  AFP PHOTO/JAY DIRECTO

Manila-based International Container Terminal Services Inc. (ICTSI) is pulling out of Syria amid a “full-fledged” civil war that continues to threaten the financial viability of the company’s operations and the safety of its personnel.

Posted: December 28th, 2012 in Latest Business Stories | Read More »

DOTC seeking bids for seaport improvements

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The Department of Transportation and Communications (DOTC) again has issued invitations for private firms to participate in various projects around the country worth a total of half a billion pesos.

Posted: September 7th, 2012 in Editor's Pick,Headlines | Read More »

IAPH secretary general to speak at Subic Bay maritime conference

Susumu Naruse. Contributed photo

Susumu Naruse, secretary general of the International Association of Ports & Harbors (IAPH), will be among local and international speakers at the Subic Bay Maritime Conference & Exhibit on August 23-24, 2012 at the Subic Bay Exhibition and Convention Center.

Posted: August 22nd, 2012 in Latest Business Stories | Read More »

P556M earmarked for port projects

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The government is spending more than P500 million for the development of seven more ports in key cities across the country in anticipation of increased traffic driven by a stronger domestic economy.

Posted: July 25th, 2012 in Editor's Pick,Headlines | Read More »

ICTSI, Indonesian port developer teaming up for Jakarta project

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International Container Terminal Services Inc. is partnering with one of Indonesia’s largest port developers for the operation and management of the former’s recently acquired facility in Jakarta, Indonesia.

Posted: May 30th, 2012 in Headlines | Read More »

ICTSI eyeing stake in Indonesian port

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Listed International Container Terminal Services Inc. has signed a new deal to take over another cargo port facility overseas, this time in Jakarta’s Tanjung Priok area, as it continues to expand its global reach.

Posted: May 23rd, 2012 in Headlines | Read More »

ATI reports drop in Q1 income

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The profit of publicly listed port operator Asian Terminals Inc. (ATI) declined in the first quarter of the year as the lower domestic cargo volumes at its facilities in the country dragged the growth in international freight revenue.

Posted: May 16th, 2012 in Headlines | Read More »

ICTSI to operate Nigeria international cargo terminal

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Port operator International Container Terminal Services Inc. (ICTSI) continues to expand its global reach with the recent signing of a deal to secure control over one of Nigeria’s international cargo terminals.

Posted: March 14th, 2012 in Latest Business Stories | Read More »

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