ICTSI Short-Listed for Melbourne Port

Article excerpt

International Container Terminal Services Inc. (ICTSI) disclosed yesterday it had been named among the short-list of bidders to build and operate Melbourne's third international container terminal.

ICTSI is partnering with Anglo Ports for the bid and together the two parties bring extensive sector expertise to the project spanning container terminal development, operations and logistics chain know-how.

ICTSI is one of the pioneers of taking its container terminal expertise overseas and now manages and operates a portfolio of 27 marine terminals in 19 countries. The company is headed up by billionaire Enrique K. Razon Jr., ICTSI chairman and president, who over the last decade has overseen a period of remarkable growth for ICTSI in both developed and emerging markets. Mr Razon has other substantial business interests that include casinos and mining.

The ICTSI group has a market cap in excess of USD4 billion and in 2013 is expected to handle over 5m TEU (five million TEU). Its flagship Manila container terminal handled an annual volume of 1,826,176TEU in 2012 and it will soon bring into service its new Manzanillo, Mexico terminal, developed on a BOT basis, offering an initial annual capacity of 650,000TEU growing to in excess of 1. …