ICTSI Subic hits milestone 200,000th TEU move
Subic Bay International Terminal Corp. (SBITC), a subsidiary of International Container Terminal Services, Inc. (ICTSI) operating the New Container Terminals 1 and 2 at the Subic Bay Freeport, capped 2018 with a milestone after reaching its 200,000th twenty-foot equivalent unit (TEU) move last 23 December.
One of the country’s most technologically-advanced box terminals, Subic Bay International Terminal has an annual capacity of 600,000 TEUs.
About Subic Bay International Terminal Corp.
In 2007, under the Subic Port Development Project, the Subic Bay Metropolitan Authority (SBMA) awarded ICTSI subsidiary Subic Bay International Terminal Corp. (SBITC) the concession for the New Container Terminal (NCT) 1, with commercial operations commencing in 2008. In 2011, under the Subic Port Project’s second phase, SBMA awarded ICTSI Subic, Inc. the concession to operate NCT 2. Increasing volumes at the Subic Bay Freeport enabled ICTSI to streamline and interface the operations of NCT 1 and 2. The merged operations are ready to serve an improving local economy in Central and Northern Luzon regions, alongside with its continued support to facilitate the box market of Metro Manila.
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 operations, management and development. ICTSI’s portfolio of terminals and projects spans developed and emerging market economies in the Asia Pacific, the Americas, Europe, 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.
