Tag: ICTSI

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ICTSI divests Yantai Terminal stake for P6.76B

International Container Terminal Services Inc. (ICTSI), the global port operator of billionaire Enrique Razon Jr., announced the sale of its entire 51 percent stake in Yantai International Container Terminal Ltd. (YICTL), a container port operator in China, in a transaction valued at P6.76 billion.

ICTSI expands boldly in the Middle East despite tensions

International Container Terminal Services Inc. (ICTSI) is pressing ahead with expansion and acquisitions even as geopolitical tensions in the Middle East begin to ripple across global shipping routes and costs.

ICTSI locks in Melbourne Port future

International Container Terminal Services Inc, a Philippine-listed global port operator, said its wholly owned unit Victoria International Container Terminal Ltd has secured a 26-year extension to operate and manage Webb Dock East at the Port of Melbourne, stretching the contract expiry from 2040 to 2066, a fresh long-term reason for investors to stay put.

ICTSI takes helm at Durban terminal

International Container Terminal Services Inc. (ICTSI), the global ports operator led by billionaire Enrique Razon Jr., has initiated formal management integration at Durban Container Terminal Pier 2 (DCT2), a major step in one of South Africa’s most significant port partnerships.

ICTSI’s Tecon Suape wins Ocean Friend seal

Tecon Suape S.A. (TSSA), the Pernambuco-based container terminal of International Container Terminal Services, Inc. (ICTSI), has reinforced its green credentials after earning the 2025 Ocean Friend seal, one of Brazil’s key recognitions for environmental responsibility in port operations.

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Strait of Hormuz blockade rings alarm bells for economy

Energy and agriculture leaders warn of significant risks to fuel supply, prices, and food security after Iran announced it is closing the Strait of Hormuz, and threatening to fire on any vessel attempting to transit. This development follows reported attacks by the United States against Iran, according to a Reuters report.

Philippines, Sweden forge new growth partnerships

The Philippines and Sweden are exploring deeper economic cooperation...

CAB cuts fuel surcharge as global prices fall, lower airfares expected June 16–30

The Civil Aeronautics Board (CAB) has approved a reduction in fuel surcharges following a sustained drop in global jet fuel costs, a change that will take effect from June 16 to 30 and expected to bring down the shipping rate for passengers and cargo.

PhilHealth eyes overhaul to cut health costs

Filipinos could see major changes in how healthcare is delivered and paid for over the next two years as the Philippine Health Insurance Corp. (PhilHealth) rolls out reforms aimed at strengthening primary care, expanding targeted benefits, and reshaping how hospitals are reimbursed.

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