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ICTSI takes control of Hijo Port

International Container Terminal Services Inc. said Wednesday wholly-owned subsidiary Abbotsford Holdings Inc. acquired subscription rights to 40 million common shares in Hijo International Port Services Inc., a joint venture company with Hijo Resources Corp.

Hijo International Port owns the Hijo International Port, a private commercial port in Barangay Madaum, Tagum, Davao del Norte in the Gulf of Davao. The port sits within a reclaimed land of about 10.3 hectares. It has two berths—127-meter long and 150-meter long—and two cargo sheds located in the wharf area and various terminal support facilities. It handles approximately 300,000 metric tons of mostly banana volumes annually.

More at the Manila Standard Today

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