International clothing company Levi Strauss and Co. is under pressure to help end the exploitation of Madagascan dockworkers as the International Transport Workers’ Federation (ITF) calls on the company to stop the labour rights double standard.
The union is launching a major report, Levi’s: End the Double Standard in your Supply Chain highlighting Levi’s […]
Madagascar workers fired for joining union at ICTSI
Excerpts from Maritime Executive:
The average wage for the dockers is only $40 per month, with a maximum of about $10 per day if container volumes are high; without these wages, the dismissed unionists are struggling to pay the bills, ITF said. Tata Ramilison, one of […]
The Government of Madagascar is the target of a global campaign launched 28th February to defend dockworkers at the ICTSI operated Port of Toamasina in Madagascar. The campaign by the International Transport Workers’ Federation (ITF) will see protests outside of Madagascan embassies across three continents.
Steve Cotton, ITF General Secretary said this was the […]
International Container Terminal Services, Inc. (ICTSI) plans to widen its presence in Africa, as it bids for the privatization of ports in Cameroon and Kenya, its chief said.
“We participated in bid for Cameroon, [but] we still don’t know the results. There’s also this one thing big coming up in Kenya, Mombasa. Those two are […]
International Container Terminal Services, Inc. (ICTSI) recorded a 20 percent hike in audited consolidated attributable net income to US$172.4 million last year from the US$143.2 million earned in 2012.
In a disclosure to the Philippine Stock Exchange, the firm said the higher attributable net income was mainly due to strong revenue growth and margin improvement […]
Excerpts from Transport Topics:
At 4,628,117teu, the Philippines-based terminal operator International Container Terminal Services Inc [ICTSI] handled 13% more containers in the first nine months of 2013 than it did in the same period of the previous year, improving its net profit by 22%.
However, Drewry Maritime Equity Research (DMER), which analyses the financial performance […]
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 […]
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 […]
Port operator International Container Terminal Services Inc. (ICTSI) has bagged a new contract to develop and run a major container terminal in Nigeria’s Lagos Free Trade Zone that is expected to be the largest terminal in sub-Saharan Africa once operational in 2016.
ICTSI is expected to invest over $225 million in this project, thus raising […]
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 […]
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 […]