The San Juanico Bridge serves as a critical land link between Samar and Leyte. With ongoing rehabilitation and some areas placed under a state of calamity, logistics operators are scrambling to ensure continuity of goods movement throughout Eastern Visayas and adjacent regions.
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.
Tycoon Enrique Razon Jr.’s International Container Terminal Services Inc. (ICTSI) reported its highest-ever net income in 2024, with profits surging 66 percent to $849.8 million, fueled by strong revenue growth and higher interest earnings on cash balances.
Themed “Visayas Trade Logistics: Navigating a Competitive Landscape,” the event will focus on key logistics challenges, supply chain improvements, and the Visayas region’s growing role as a logistics, trade, and investment hub.
The move aims to streamline operations, improve strategic decision-making, and create a more integrated approach to financial and operational management, the SM Investments Corp.-controlled firm said.
Tycoon Enrique Razon Jr. voiced frustration over delays in South Africa’s port privatization, accusing Maersk Group of using legal tactics to block International Container Terminal Services Inc.’s $100-million higher bid for one of the region's largest terminals.
Mindanao Container Terminal (MCT) in Cagayan de Oro received its first MV Ever Core vessel under a new service by Evergreen and Wan Hai Lines in August.
The SM Group-owned shipping and logistics firm said the partnership — sealed on Oct. 15, 2024 — covers five major ports: Manila, Cebu, Bacolod, Iloilo, and Cagayan de Oro.