ICTSI opens new port in Indonesia 

Quick Summary:

International Container Terminal Services Inc.(ICTSI) has opened a new terminal in Indonesia, the Razon-led firm announced Tuesday.

The company’s revenue from port operations also recorded an increase of 13 percent to $1.32 billion, driven by higher ancillary services, favorable tariff adjustments, and a more favorable container mix at certain terminals.

The company’s capital expenditures for the first half of the year reached $185.72 million, primarily directed toward ongoing expansions in Mexico, Brazil, the Philippines, and the Democratic Republic of Congo.

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Article Details

Author / Journalist: Lenie Lectura

Category: BusinessStartups

Markets: PhilippinesBrazilCongoIndonesiaMexico

Topics: Ejmt First Indonesia Energy Million Terminal Java International Cargo Last Lamongan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 16:06:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 519 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22957400

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 68 posts per day

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News Last Updated: 16 hours ago

Coverage Areas: Philippines

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