September 07, 2008

ICTSI takes charge at Mindanao container terminal

Philippines based container port operator, International Container Terminal Services Inc has signed a 25 year contract to operate the Mindanao Container Terminal in the southern Philippines.

International Container Terminal Services Inc signed the contract with the Phividec Industrial Authority which owns the industrial estate in Misamis Oriental where the port is located.

The Mindanao Container Terminal, 20 kilometres from the southern city of Cagayan de Oro was designed to handle 270,000 TEUs annually.

International Container Terminal Services Inc didn't provide financial details of the transaction.