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ICTSI 2020 Net Income Up 1% to US$101 8M; Recurring Net Income 9% Higher at $282 1M
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
ICTSI to spend up to $250M on projects, maintenance this year
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ICTSI Manila completes berth expansion
International Container Terminal Services, Inc. (ICTSI) has completed a berth expansion project at its flagship, Manila International Container Terminal (MICT), that effectively raises the MICT’s annual capacity to over 3.3 million TEUs, the company said in its release.
The project included a number of crucial works, foremost of which is the berth expansion that adds another 150 meters to Berth 7, creating a 600-meter contiguous berth together with the adjacent Berth 6 to accommodate over 8,000-TEU capacity vessels. The two berths currently have five quay cranes, with a design for up to six quay cranes.
The berth expansion is complemented by the extension of the container yard by about another 5.5 hectares – three hectares designated for laden containers and 2.5 hectares for empties. This redounds to added capacity for the terminal of an estimated 200,000 TEUs for laden containers and 150,000 TEUs for empties.
A Short Catch Up on Some Smaller Supply Chain Related Items
What You May Have Missed Whilst Out Christmas Shopping
UK – Menzies Distribution has announced the acquisition of logistics and supply chain services business Bibby Distribution from the 213-year old, family owned Bibby Line Group. The deal sees the addition of 38 new operating sites and a large, young fleet to the Menzies portfolio.
Over 35 years, Bibby Distribution has built an end-to-end supply chain platform that provides solutions for its customers across a number of sectors including paper and packaging and consumer products. Bibby Distribution’s customers also includes an array of grocery retailers and blue-chip organisations across a range of resilient sectors.
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