The port features an 82-meter-long jetty with a 14-meter draft, capable of handling vessels of up to 10,000 deadweight tons. Its pier has a load-bearing capacity of three tons per square meter.
Basra Gateway Terminal, the Iraq operation of International Container Terminal Services Inc. (ICTSI), successfully handled the HMM Daon, a vessel with a capacity of 16,010 twenty-foot equivalent units, the company said.
The firm controlled by billionaire Enrique Razon Jr. said the restructured China-Philippines Express 7 route – operated by SITC Container Lines – marks a significant step in linking Western Visayas with major Asian and domestic markets.
The feeder service provides a direct link between the Chinese port of Nansha and Philippine ports, including Batangas, Manila, and Subic Bay. It also connects through regional transshipment hubs such as Tanjung Pelepas in Malaysia and Singapore.
Tycoon Enrique K. Razon Jr.’s International Container Terminal Services is boosting its financial position with $849 million (about P50 billion) in free cash flow, fueling the expansion of one of the world’s top port operators.
Tycoon Enrique Razon Jr.’s International Container Terminal Services (ICTSI) is making its largest bet in the Philippines as it unveiled plans to build a new $800 million (P46 billion) international container terminal in Bauan, Batangas, a highly developed province south of Metro Manila.
The bidding for a new international container port in Cebu, backed by the South Korean government, will soon be relaunched by the Department of Transportation with a larger project cost.
International Container Terminal Services Inc. (ICTSI) received the go-signal for its P10 billion take over operations of the Iloilo Commercial Port Complex.