Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Pasha Hawaii gains second ConRo vessel

VT Halter Marine has delivered the M/V Marjorie C combination container and roll-on / roll-off (ConRo) vessel to Honolulu-based Pasha Hawaii. The Marjorie C ConRo vessel was designed by Uljanik Shipyard in Croatia and built by VT Halter Marine. Courtesy of Pasha Hawaii.

Marjorie C will join its sister ship M/V Jean Anne, also […]

FacebookEmailShare

ICTSI to spend $150 million developing Honduras port

International Container Terminal Services, Inc. (ICTSI) plans to spend about $150 million in the next five years to develop the port in Puerto Cortes, Honduras, a senior company official said recently.

Last February, the Razon-led port operator was awarded a 30-year contract for design, financing, construction, maintenance, and operation of the Puerto Cortes facility, which […]

FacebookEmailShare

ICTSI 1Q Net Profit up 15% on Year on Revenue, Cargo Growth

International Container Terminal Services Inc. (ICTSI) said Thursday that its first-quarter net profit rose 15% from the year-earlier period, boosted by double-digit growth in its revenue and cargo volume.

ICTSI said net profit in the January-March quarter rose to $40.7 million from $35.4 million in the year-earlier period, while total revenue increased 20% to $209.3 […]

FacebookEmailShare

ICTSI Q1 profit jumps 24% to $35.4M

Ports operator International Container Terminal Services Inc. (ICTSI) reported a net income of $35.4 million in the first three months of the year, on the back of growth in volume and revenues and lower financing charges. This was 24% higher than the $28.5 million net income during the same period in 2011.

ICTSI said its […]

FacebookEmailShare

ITF women’s leadership conference sends solidarity message to Longview

The following was message of solidarity was sent on September 29 as longshore workers from around the world gathered in Baltimore:

We, the women union leaders attending the ITF Women’s Leadership, Strategy and Organising Conference, want to express our support for the International Longshore and Warehouse Union in the struggle for their union jobs at […]

FacebookEmailShare

Port operator ICTSI sees more expansion opportunities overseas

Enrique Razon, CEO of ICTSI

Violent protests in the Middle East may have shaken the world economy but Philippine port operator International Container Terminal Services, Inc. (ICTSI) sees opportunity amid the turmoil.

ICTSI, run by billionaire Enrique Razon, is one of only a few Philippine companies to have become a successful global player and […]

FacebookEmailShare

ICTS to Run Croatia Container Port

International Container Terminal Services won a 30-year concession to manage, operate and develop a container terminal in Rijeka, Croatia’s biggest port.

As part of the deal the Philippines-based global ports operator is also acquiring a 51 percent stake in the Adriatic Gate Container Terminal for $21 million from Luka Rijeka, Croatia’s largest marine services company.

[…]

FacebookEmailShare

ICTSI awarded 30-year port concession in Croatia

Philippines’ International Container Terminal Services Inc. (ICTSI) was awarded the contract to develop and operate the Adriatic Gateway Container Terminal (AGCT) in Croatia’s Port of Rijeka, the Philippine Embassy in Vienna reported.

The agreement includes a 30-year strategic partnership for the management and operations of AGCT. As part of the transaction, ICTSI purchased a 51% […]

FacebookEmailShare