Excerpts from the Portland Tribune article subtitled ‘Terminal 6 lease terminated early; Elvis has left the building’:
The deadlock at the Port of Portland’s underused Terminal 6 just got a little closer to ending.
The Port and the company that runs the Terminal, ICTSI Oregon, have parted ways.
The two have mutually agreed to terminate […]
International Container Terminal Services Inc’s (ICTSI) unit Operadura Portuaria Centroamericana has inked a deal to expand Puerto Cortes in Honduras.
OPC has signed a contract with China Harbour Engineering Company (CHEC) for the first phase of the expansion of specialised container and cargo terminal at Puerto Cortes. The first phase of construction will feature a […]
After years of slanted reporting, the Capital Press finally wrote a balanced article about the broader problems facing the Port of Portland.
Excerpts from the Capital Press:
Labor disputes are often blamed for discontinued ocean container shipping at Port of Portland’s “Terminal 6,” but the facility faces broader problems, a port executive said.
International Container Terminal Services (ICTSI) said Tuesday that net profit slipped 3% to $46.4 million for the second quarter of 2016 as expenses related to Argentine operations offset improved revenue.
The Philippine company, which runs around 30 midsize ports worldwide, did not elaborate on the situation at its TecPlata port in Buenos Aires. Business News […]
From Seatrade Maritime:
Graphic rendition of proposed VICT terminal
International Container Terminal Services Inc’s (ICTSI) Australia unit has signed a AUD398m ($300m) loan facility for the construction and development of its highly automated Victoria International Container Terminal (VICT).
The financing will support the ongoing construction of VICT in Melbourne. Construction of the terminal started […]
Excerpts from the Lewiston Tribune:
Westwood Shipping [made] its last call on the Port of Portland Saturday. It was the only container carrier that stopped regularly at the Oregon port and carried a fraction of the volume major shippers hauled. The last of those, Hapag-Lloyd, departed a year ago.
Low rates and overcapacity in the […]
From a report titled ‘Port of Portland Loses Last Container Ship Service’ in the Wall Street Journal:
Oregon’s Port of Portland will see its last container ship service this Saturday, when Westwood Shipping Lines makes its final call.
Small and midsize ports like Portland are facing challenges as global ocean carriers have formed alliances and […]
Port operator International Container Terminal Services Inc. (ICTSI) saw profits eroding in the first quarter of 2016 due to lower storage and ancillary revenues, unfavorable container volume mix, lower capitalized borrowing cost, higher depreciation and amortization expenses and start-up costs of new terminals and projects.
The listed company controlled by billionaire Enrique K. Razon registered […]
A total of 120 workers received termination letters. Only management remains.
TecPlata, the Buenos Aires province-based unit of International Container Terminal Services (ICTSI), is reducing its workforce by 90%, according to local news outline La Política Online.
Located at the La Plata port in the Berisso municipality, TecPlata has yet to secure shipping […]
‘In a nutshell, the NLRB is attempting to financially cripple the ILWU for trying to uphold the ‘work jurisdiction’ clause of their coast-wide agreement.’ — Joe Burns, In These Times
Joe Burns, a former local union president active in strike solidarity, is a labor negotiator and attorney. He is the author of the book […]
Port operator International Container Terminal Services Inc. formed a new company for its business process outsourcing operations.
The company owned by billionaire Enrique Razon Jr. told the stock exchange subsidiary Cordilla Properties Holdings Inc. established a premier shared services company called ICTSI Asia Pacific Business Services Inc. (APBS).
The new company aims to deliver […]
From an ICTSI news release:
International Container Terminal Services, Inc. (ICTSI) has launched a mobile application that allows customers of the Manila International Container Terminal (MICT) to monitor their containers in real-time while on the go.
Available for iOS and Android users, the MICT mobile app is designed to deliver information right at the port […]
From an article titled ‘Investors should take long-term view,’ in the Manila Times:
Enrique Razon, CEO of ICTSI, the terminal operator that took over management of Portland’s Terminal 6 in 2010.
Taking a long-term view and aiming to “own the market” should be considered by corporate giants looking to invest overseas, a Philippine business […]
Philippines-based port operator International Container Terminal Services Inc. (ICTSI) has revealed that it expects to spend only half of its US$530m established budget for this year and limit expansion plans as global growth is slowing down.
The company’s chairman and president, Enrique Razon, told Bloomberg that “the growth picture of the global economy is not […]
From an ICTSI news release published at the American Journal of Transportation:
International Container Terminal Services, Inc., (ICTSI) the largest port operator in the Philippines has rolled out at the Manila International Container Terminal (MICT) the online container booking system, the Terminal Appointment Booking System (TABS).
Booking an appointment can be done within minutes through […]