ICTSI, NorthPort among Manila’s top taxpayers

The City of Manila has recognized global port operator International Container Terminal Services, Inc. (ICTSI) and subsidiary Manila North Harbour Port, Inc. (NorthPort) as among the city’s top business taxpayers for fiscal year 2018. ICTSI was named the city’s second highest business tax contributor, and sixth top real property taxpayer, while NorthPort landed second as the city’s top real property taxpayer.

ICTSI Manila yard use hits historical low

Yard utilization at the International Container Terminal Services, Inc. (ICTSI) flagship Manila International Container Terminal (MICT) continues to be close to historically low levels as efforts to fast-track the movement of overstaying import containers out of the port of Manila have resulted in a utilization rate dropping below 58 percent despite a series of holiday periods and low trucking activity.

New berths, yards to be built, ICTSI to further expand Manila flagship; New equipment to complement expansion

The Philippine Ports Authority (PPA) has given the nod for capacity improvements at the Manila International Container Terminal (MICT), the flagship operation of International Container Terminal Services, Inc. (ICTSI).

Foremost among these improvements is the first phase construction of Berths 7 and 8, set to begin on October 15. The second phase, to begin in February 19 pending final approvals, will add full back up area for the future berths 9 and 10.

MICT gets eco-friendly RTGs

A first in the country and Manufactured by Mitsui Engineering & Shipbuilding Co. Ltd. (MES) of Japan, the Mitsui Li-ion Hybrid RTG is equipped with a 200kVA Li-ion battery and a smaller diesel engine that dramatically improves the carbon footprint of the terminal.

Once fully commissioned, the hybrid RTGs are expected to further boost MICT’s container yard productivity, and allow the country’s largest, best-equipped and most technologically-advanced container terminal to fully match demand in terms of operational performance.