International Container Terminal Services Inc. (ICTSI) has bagged 2 new port contracts, one in India and another in Subic.
In a disclosure to the stock exchange, ICTSI said it signed an agreement with L&T Shipbuilding Ltd. (LTSB) for the management and operations of the Kattupalli Container Terminal in Tamil Nadu, India.
[The Subic project] is part of the $215-million port development project co-funded by the Japanese government through the Japan Bank for International Cooperation.