• 2018 April 3 12:16

    PNG’s Noho-Magae supports ICTSI operations in Motukea

    Noho-Magae, an organization representing the Baruni and Tatana communities in Papua New Guinea, has thrown its full support behind International Container Terminal Services, Inc. (ICTSI) subsidiary ICTSI South Pacific, joining as shareholders of Motukea International Terminal in Port Moresby, the company said in its press release.

    Representing the Noho-Magae organization, Iduhu Erue Igo, Baruni Community Development Association (BACODA) chairman, and Tom Lancan, Tatana-Araira Development Association (TADA) deputy chairman, signed the agreement formalizing the respective communities as shareholders. Motukoitabu assembly chairman Opao Udia witnessed the landmark event.

    “This is a momentous occasion for our communities. ICTSI has shown good intent throughout our negotiations and we are proud to be partners of MIT. We are confident that global port operator ICTSI will bring industry proven best practices to Papua New Guinea, and our communities-–as partners-–will benefit from the opportunities stemming from the implementation of international standards,” said Mr. Opao, who is also the chairman of TADA.

    Edward Muttiah, MIT chief executive officer, said: “ICTSI is delighted to have Noho-Magae on board to represent the interests of the Baruni and Tata communities.”

    He adds: “Today, we commence a 25-year journey and the strong support of our community partners has ensured a solid foundation built on trust, respect, and mutual commitment to build a world-class maritime facility–one that will, in time, become a source of pride for the nation.”

    Christian R. Gonzalez, ICTSI senior vice president and head of Asia Pacific, expressed optimism on the project, saying ICTSI is “privileged and excited to have been granted the opportunity to collaborate with our host community to jointly realize the potential of the Port of Motukea as a logistics hub. This mutually beneficial goal would not be possible without the support of our host communities.”

    The formalization of the shareholder agreement followed the signing of a Memorandum of Agreement between the community representatives and MIT last year to establish a collaborative framework for the successful operation of MIT.

    MIT will handle all international container and general, non-bulk cargo vessels through the international wharf at Motukea. ICTSI expects to commence operation mid-May.

    MIT has also committed to work closely with community leaders to implement meaningful community engagement projects. The ICTSI Foundation will support MIT initiatives identifying high-impact programs for overall community development.

    ICTSI won a 25-year concession to operate the new Port of Motukea, which is designed to handle larger international vessels and facilitate greater trade with Australia, New Zealand, China, Japan, and other markets in the region.

    About International Container Terminal Services, Inc.
    Headquartered and established in 1988 in Manila, Philippines, International Container Terminal Services, Inc. (ICTSI) is in the business of port development, management and operations. As an independent business with no shipping, logistics or consignee-related interests, ICTSI works and transacts transparently with any stakeholder in the port community. ICTSI’s portfolio of terminals and projects spans developed and emerging market economies in the Asia Pacific, the Americas, and Europe, the Middle East and Africa. ICTSI has received global acclaim for its public-private partnerships with governments divesting of their port assets to the private sector.




2020 February 28

09:14 Baltic Dry Index is down to 529 points
08:32 CMA CGM announces PSS for cargo from North Europe to Asia

2020 February 27

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17:05 AquaTerra acquires Subsea Engineering and Technical Services
16:51 Zelenodolsk Shipyard named after A.M. Gorky laid down passenger ship Chaika LNG
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16:04 NYK Cruises to cancel cruises due to coronavirus
15:30 Average physical depreciation of Rosmorport’s berthing facilities is 24%
15:07 National Association of Shipping Agencies addresses FAS over plans on multiple increase of port dues in Russia
14:56 Arbitration award related to purchase options for four VLCCs on charter to Okeanis ECO Tankers
14:43 ASCO strengthened preventive measures against coronavirus
14:19 ASCO takes necessary precautionary measures to prevent environmental damage
13:55 Rotterdam to host ACI’s 24th Ballast Water Management Conference on 7-8 April 2020
13:53 Ørsted signs 20-year lease with Port of Taichung for Greater Changhua offshore wind farms
13:34 Vysotsk VTS obtains Certificate of Conformity
13:12 Xeneta container rates alert: long-term contracted rates hold despite Coronavirus chaos
12:56 Certificate of Conformity obtained for Ust-Luga VTS
12:33 Finnlines published its 2019 Financial Statements and Financial Review
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11:52 Port of Gdynia seeks opportunities for further development
11:28 Rosmorport’s Murmansk Branch performed pilotage of Capesize vessel
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10:41 3rd Technical Conference "Modern Solutions for Hydraulic Engineering" kicks off in Moscow
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09:32 MABUX: Bunker market this morning, Feb 27
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2020 February 26

18:37 Royal IHC to supply integrated power cablelay spread
18:01 Chartwell Marine announces sponsorship agreement with Alan Roberts Racing in the lead up to the 2020 racing season
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17:26 Busan Port Authority and Samsung SDS signed a contract to operate a logistics center in Rotterdam, Netherlands
17:00 Smart Maritime Council announces support for shipboard machinery data standard
16:23 Damen DOP ensures new approach to dredging – expert opinion
16:00 FSUE Rosmorport to dredge 18.4 million cbm of material in 2020
15:36 Yamal LNG reaches thirty million tons milestone
15:12 MHI-MME receives retractable fin stabilizer orders for two luxury expedition vessels being built by Helsinki Shipyard
14:55 Contract signed for extension of Świnoujście LNG Terminal
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14:12 Kongsberg Maritime wins 300 MNOK contract to equip four new cruise vessels
13:55 EU NAVFOR Somalia supports Djiboutian Coast Guard
13:33 Belarusian-Latvian cooperation in multimodal cargo transportation via Latvian ports discussed in Riga
13:10 Global Offshore announces new addition to its cable installation fleet
12:51 Rosmorport announces tender for dredging on access canal of Temryuk port
12:28 PortNews Media Group and Shipbuilding Cluster of Arkhangelsk Region sign agreement on cooperation
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10:48 Viesturs Zeps elected Chairman of Freeport of Riga Board, Pavels Rebenoks elected Deputy Chairman
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10:17 MABUX: Bunker market this morning, Feb 26
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09:35 Brent Crude futures price is up 0.65% to $54.61, Light Sweet Crude – up 0.8% to $50.3