ICTSI short-listed for Melbourne Container Terminal bid
Author: AJOT | May 16 2013 at 08:00 PM | Category: Ports & Terminals
International Container Terminal Services Inc (ICTSI) has been named among the short-list of bidders to build and operate Melbourne’s third international container terminal.
ICTSI is partnering with Anglo Ports for the bid and together the two parties bring extensive sector expertise to the project spanning container terminal development, operations and logistics chain know-how.
ICTSI is one of the pioneers of taking its container terminal expertise overseas and now manages and operates a portfolio of 27 marine terminals in 19 countries. The company is headed up by billionaire Enrique K. Razon Jr., ICTSI Chairman and President, who over the last decade has overseen a period of remarkable growth for ICTSI in both developed and emerging markets. Mr Razon has other substantial business interests that include casinos and mining.
The ICTSI group has a market cap in excess of USD4 billion and in 2013 is expected to handle over 5m TEU (five million TEU). Its flagship Manila container terminal handled an annual volume of 1,826,176TEU in 2012 and it will soon bring into service its new Manzanillo, Mexico terminal, developed on a BOT basis, offering an initial annual capacity of 650,000TEU growing to in excess of 1.5m TEU over time.
This year ICTSI celebrates its 25th anniversary and it has commenced well with ICTSI being named as the recipient of the prestigious Best Managed Company in Asia for Transportation/Shipping Award from Euromoney. The award is based on the feedback of equity analysts at the largest banks and research organisations based in the Asia Pacific region. Analysts praised ICTSI for its leading role in promoting transparent communication to investors, citing that “the company has a clear strategy and good visibility.” ICTSI possesses a range of blue chip investors with the majority based in Europe and the USA.
Anglo Ports is headquartered in Australia and is headed up by Chairman Capt. Richard Setchell, former Chairman and Managing Director of P&O’s global ports empire. Capt. Setchell and his management team have an intimate knowledge of container terminal operations on the Australian waterfront and a strong understanding of how best to meet new liner and cargo shipper requirements.
The consortium of ICTSI and Anglo Ports were formerly short-listed bidders in the new Brisbane and Port Botany Third Container Terminal bidding processes.