ICTSI Orders New Container Handling Equipment for Philippine and Mexican Operations

(PHStocks) – International Container Terminal Services Inc. (ICTSI; PSE: ICT) recently placed orders for new state-of-the-art container handling equipment for its operations in Mexico and the Philippines.

“The new orders signify our commitment to further improve terminal operations and services across the ICTSI Group. We are doing this multi-million USD investment because we see the growth potential of our Manila and Manzanillo operations,” says Brian Oakley, ICTSI global engineering vice president.

Finnish equipment maker Cargotec was tapped to supply four quay cranes (QC) and 10 rubber tired gantries (RTG), which were booked during the fourth quarter of 2011.

In Mexico, ICTSI has started the construction of the Specialized Container Terminal-2 in the Port of Manzanillo in the country’s Pacific coast. Contecon Manzanillo S.A., ICTSI’s Mexican subsidiary, is expected to receive four super post-Panamax Kalmar QCs and 10 Kalmar RTGs during first half of 2013.

The QCs will have an outreach of 63 meters, a 30.5-meter rail span and a maximum lift capacity of 65 tons using twin-lift spreaders. The RTGs will be 6+1 wide and 1-over-6 high with a lift capacity of 41 tons.

The terminal is projected to have an annual capacity of 450,000 TEUs in its first two year operation.

In the Philippines, eight RTGs are due for delivery in its flagship Manila International Container Terminal (MICT) in 2012. The purchase of the new container yard equipment is part of the Berth 6 project, an ongoing terminal expansion at the Port of Manila, the country’s largest trading gateway.

The RTGs will be 6+1 wide and 1-over-5 high with a lift capacity of 41 tons. Each will be equipped with a fuel saving device, cutting fuel costs by at least 20 percent.

ICTSI’s Manila operation is expected to grow from its current annual capacity of 1.9 million TEUs to 2.5 million TEUs. Berth 6 will begin operation in June of this year. MICT currently accounts for 65 percent of the container traffic moving through Manila.

About ICTSI

ICTSI a leading port management company involved in the operations and development of 22 marine terminals and port projects in 17 countries worldwide. The company was among the first international terminal operators to take its expertise overseas.

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