TecPlata has begun handling import shipments bound for Buenos Aires La Plata Free Zone (BAZFLP), a promising development for the terminal. The shipment from Brazil were unloaded at TecPlata last month, and included a seismograph bound for the Vaca Muerta unconventional oil and gas field in Argentin…

With the recent maiden call of MV Thorsky, Pakistan International Container Terminal (PICT) welcomed another new service -- the FAR Shipping Gulf Service – 1 (FGS-1). MV Thorsky, a 2169-TEU vessel with 183 meters LOA, is deployed on the  FGS-1 with a voyage plan routing from PICT Karachi to Mundra,…

Throughput decreased 5% to 4.8 million TEUs   Revenues dropped 4% to US$724.3 million  EBITDA declined 2% to US$416.4 million Enrique K. Razon Jr., ICTSI Chairman and President said: “Our primary focus and central to our decision-making since the start of the COVID-19 outbreak has been, and remain…

International Container Terminal Services, Inc. (ICTSI) has signed the concession contract with the Port Autonome de Kribi (PAK) for the development, operation and maintenance of the Kribi Multipurpose Terminal (KMT) in Cameroon. With the signing of the contract, KMT, a subsidiary of ICTSI, is now…

Pakistan International Container Terminal Services (PICT) welcomed the newly launched UAE-Indian Subcontinent-Gulf service (UIG), which made its inaugural call at the Port of Karachi in July. The UIG feeder service, a joint initiative between Abu Dhabi Ports’ Safeen Feeders and Singapore-based Beng…

ICTSI successfully priced a new USD300,000,000 senior perpetual capital securities callable in May 2026, which garnered significant investor demand and effectively extended their debt maturity profile. In addition, ICTSI also embarked on a liability management exercise which further strengthened its…

International Container Terminal Services, Inc. (“ICTSI” or the “Issuer”), successfully priced a US$400 million offering of 10-year senior unsecured notes (the “Notes”). The offering will mark ICTSI’s return to the senior unsecured notes market, having last completed a fixed-for-life perpetual capit…

ICTSI Notice of 2020 Annual Stockholders' Meeting   Notice is hereby given that the 2020 Annual Stockholders’ Meeting (ASM) of International Container Terminal Services, Inc. (ICTSI) will be held and conducted in a virtual platform or online format at 10:00am on Thursday, June 18, 2020 at https://…

ICTSI 1Q2020 reduction in net income reflects impact of COVID-19 -- Down 18% to USD59.6M Throughput slightly grew 1% to 2.5 million TEUs  Revenues decreased 2% to USD375.8 million EBITDA declined 5% to USD212.2 million  Enrique K. Razon Jr., ICTSI Chairman and President said: “For many people a…

International Container Terminal Services, Inc. (ICTSI) and Bloomberry Resorts Corporation’s (BRC) Solaire Resort & Casino recently started rapid antibody testing of its employees primarily for their protection and in preparation for their eventual re-entry into the workplace. Complementing the…