MANILA: Chairman Enrique Razon is looking to catapult Philippine port operator International Container Terminal Services into the ranks of global players and double sales within just five years.
Razon’s game plan includes building ports in Africa and Latin America, as well as a possible expansion into Greece and Iran.
ICTSI’s flagship Manila International Container Terminal is a key facility in the Philippine capital’s port.
Located in an area surrounded by slums, the 94-hectare terminal is equipped with state-of-the-art port machinery, including 14 large cranes. It can handle 2.6 million TEUs, or twenty-foot equivalent units, of cargo, per year. This puts it nearly on a par with Japan’s Yokohama and Kobe ports in terms of cargo-handling capacity.
ICTSI is currently building ports in four locations, including in Mexico and Colombia. The company is also exploring business opportunities in Greece and Iran.
Shipping activity at Port Qasim on February 11
KARACHI: Three ships namely, Glen Canyon, Al-Salam- II and TSM Pollux carrying Containers, Gas oil and Palm oil were arranged...
