By John Lee. Shares in Philippines-based International Terminal Container Services Inc. (ICTSI), which operates the Basra Gateway Terminal (BGT) (pictured) at the port of Umm Qasr, have closed up more than 6 percent on Wednesday following a strong set of results. The company said in a statement: "Net income attributable to equity holders of US$128.5 […]
Tag Archives | Philippines
Tags: Basra Gateway Terminal (BGT), featured, International Container Terminal Services Inc (ICTSI), mn, Philippines, Umm Qasr, Umm Qasr Port
ICTSI to Increase Capacity at Umm Qasr Port
By John Lee. Philippines-based International Terminal Container Services Inc. (ICTSI) has reportedly allocated additional funds for capacity expansion at its Basra Gateway Terminal (BGT) at the Port of Umm Qasr. Rafael Consing, ICTSI chief financial officer, is quoted by the Philippine Daily Inquirer as saying that this year’s capex budget of $380 million will be […]
Tags: Basra Gateway Terminal (BGT), featured, International Container Terminal Services Inc (ICTSI), mn, Philippines, Ports, Umm Qasr, Umm Qasr Port
Prison for Bribery in Iraq War Contracts
A former business partner of a U.S. military contractor was sentenced today to 18 months in prison for his role in a years-long scheme to bribe U.S. Army contracting officials stationed at a U.S. military base in Kuwait during the Iraq War. Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division, Special […]
Guilty Plea to Bribery Scheme for Iraq War Contracts
Former Business Partner of U.S. Military Contractor Pleads Guilty to Bribery Scheme Related to Contracts in Support of Iraq War A former business partner of a U.S. military contractor pleaded guilty today to one count of bribery for his role in a years-long scheme to bribe U.S. Army contracting officials stationed at a U.S. military […]
ICTSI Invests additional $250m in Iraqi Port
By John Lee. Philippines-based International Container Terminal Services, Inc. (ICTSI) has started its second phase investment in new container terminal infrastructure well underway at its Basra Gateway Terminal (BGT) at the Port of Umm Qasr. The company said in a statement: ICTSI is unique in demonstrating its commitment to the Iraqi ports sector via large […]
Tags: Basra Gateway Terminal (BGT), DJ, featured, International Container Terminal Services Inc (ICTSI), Philippines, Ports, Umm Qasr
ICTSI Ramps Up Business at Umm Qasr
By John Lee. Philippines-based International Container Terminal Services Inc. (ICTSI) has said it has increased its volumes by 12 percent over the past year, mainly due to the continuing volume ramp-up at its terminal at Umm Qasr port. The company inaugurated the first phase of its $130-million greenfield port development at Basra Gateway Terminal (BGT) […]
Tags: Basra Gateway Terminal (BGT), DJ, featured, International Container Terminal Services Inc (ICTSI), Philippines, Ports, Umm Qasr, Umm Qasr Port
Iraq hopeful of more Filipino Investments
By John Lee. The Philippine embassy in Baghdad has said that the recent opening of ICTSI's $130-million port development in Basra opens further possible opportunities in construction and the oil and gas sectors. In a statement, Chargé d'Affaires Elmer Cato (pictured) expressed the hope that more Filipino companies would explore investment opportunities in Iraq. Philippine-based […]
Tags: Basra Gateway Terminal (BGT), featured, International Container Terminal Services Inc (ICTSI), Philippines
ICTSI Opens First Phase of Basra Gateway Terminal
By Editor on 14th October 2016 in Construction & Engineering In Iraq, Iraq Industry & Trade News, Iraq Transportation News
By John Lee. International Container Terminal Services (ICTSI) has officially inaugurated the first phase of its new $130-million greenfield port development at Basra Gateway Terminal (BGT) in Umm Qasr. Iraq’s Minister of Transport, Kadhem Finjan al-Hamami, attended the ceremony along with ICTSI chairman and president, Enrique K. Razon Jr. The Philippines-based company signed a 26-year concession […]
Tags: Basra Gateway Terminal (BGT), featured, General Company of Iraqi Ports, International Container Terminal Services Inc (ICTSI), Philippines, Ports, Umm Qasr Port
ICTSI to Open New Port Facilities in Oct
By John Lee. Philippines-based port company International Container Terminal Services Inc (ICTSI) is to open a new section of its Umm Qasr port in October. The VP and Head of Asia-Pacific region, Christian Gonzalez, is quoted as saying that the company has allocated $420 million in capital expenditure for 2016, to be used for the […]
Tags: featured, International Container Terminal Services Inc (ICTSI), Philippines, Ports, shipping, Umm Qasr, Umm Qasr Port
Big Investment In Umm Qasr Port
By John Lee. Philippines-based International Container Terminal Services (ICTSI) is investing $130 million in Umm Qasr port, according to a report from Reuters. The Manila-based port management company signed a contract with General Company for Ports of Iraq involving the container facilities at Umm Qasr; it will operate, develop and expand the port. The three-stage […]
Tags: featured, General Company of Iraqi Ports, International Container Terminal Services Inc (ICTSI), Philippines, Umm Qasr, Umm Qasr Port
Basra has Money to Spend on Infrastructure
By John Lee. The Governor of Basra, Majid Al-Nasrawi [Alnasrawi] (pictured), has called on Filipino companies to invest in the province. During a meeting with the country's Chargé d’Affaires, Elmer Cato, he stressed that Basra and the rest of southern Iraq remain safe for investors. Citing the example of the Manila-based International Container Terminal Services Inc. […]
Tags: Basra News, featured, International Container Terminal Services Inc (ICTSI), Philippines, Umm Qasr, World Bank
ICTSI to Invest $130m in Port Deal
By John Lee. The Philippines-based International Container Terminal Services Inc (ICTSI) said on Thursday that it signed a contract with General Company for Ports of Iraq, agreeing to operate, develop and expand the Port of Umm Qasr. In a stock exchange filing, the company said the contract grants it the right to manage and operate […]