Manila-based container port operator International Container Terminal Services Inc (ICTSI) has bagged two major port contracts in India and Subic Bay.
ICTSI said it has entered into a container port managing and operating agreement for the Kattupalli Container Terminal in Tamil Nadu, India.
The agreement was signed with L&T Shipbuilding Ltd, the developer of the integrated shipyard-cum-port with a 1.2 million TEU (twenty-foot equivalent units) annual capacity container terminal in Kattupalli.
The terminal is under construction and will be operational by January next year.
Located near Chennai in Thiruvallur District, the terminal has two 350-meter-long berths and a total area of around 20 hectares in Phase 1. During the second phase of development, terminal capacity will be increased to handle 1.8 million TEUs.
ICTSI has also clinched a deal to operate and manage the New Container Terminal 2 (NCT 2) at the former US naval base of Subic Bay.
ICTSI was recently awarded the contract by the Subic Bay Metropolitan Authority. ICTSI was considered the sole qualified bidder for the contract to operate the new terminal in a public bidding held last year.
NCT 2 is adjacent to NCT 1, which is operated by ICTSI's subsidiary, Subic Bay International Terminal Corp.
NCT 1 and 2 have a total terminal area of 30 hectares, berth length of 560 meters and combined capacity of 600,000 TEUs a year. It has 84 reefer stations and four quay gantry cranes.
NCT 2 is part of a US$215 million port development project co-funded by the Japanese government through the Japan Bank for International Cooperation.
The completion of the two port terminals is expected to boost Subic's bid to become a major player in the containerised and non-containerised cargo handling business in the Asia-Pacific region.
Subic Bay was converted into a free port and industrial zone following the departure of the US Navy in 1992. It is now home to more than 700 manufacturing and trading companies.
Listed ICTSI is a leading port management company involved in the operation and development of 23 marine terminals and port projects in 17 countries worldwide.
ICTSI said it has entered into a container port managing and operating agreement for the Kattupalli Container Terminal in Tamil Nadu, India.
The agreement was signed with L&T Shipbuilding Ltd, the developer of the integrated shipyard-cum-port with a 1.2 million TEU (twenty-foot equivalent units) annual capacity container terminal in Kattupalli.
The terminal is under construction and will be operational by January next year.
Located near Chennai in Thiruvallur District, the terminal has two 350-meter-long berths and a total area of around 20 hectares in Phase 1. During the second phase of development, terminal capacity will be increased to handle 1.8 million TEUs.
ICTSI has also clinched a deal to operate and manage the New Container Terminal 2 (NCT 2) at the former US naval base of Subic Bay.
ICTSI was recently awarded the contract by the Subic Bay Metropolitan Authority. ICTSI was considered the sole qualified bidder for the contract to operate the new terminal in a public bidding held last year.
NCT 2 is adjacent to NCT 1, which is operated by ICTSI's subsidiary, Subic Bay International Terminal Corp.
NCT 1 and 2 have a total terminal area of 30 hectares, berth length of 560 meters and combined capacity of 600,000 TEUs a year. It has 84 reefer stations and four quay gantry cranes.
NCT 2 is part of a US$215 million port development project co-funded by the Japanese government through the Japan Bank for International Cooperation.
The completion of the two port terminals is expected to boost Subic's bid to become a major player in the containerised and non-containerised cargo handling business in the Asia-Pacific region.
Subic Bay was converted into a free port and industrial zone following the departure of the US Navy in 1992. It is now home to more than 700 manufacturing and trading companies.
Listed ICTSI is a leading port management company involved in the operation and development of 23 marine terminals and port projects in 17 countries worldwide.