INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said it’s enhancing its Manila International Container Terminal (MICT) through capability expansion and infrastructure upgrades.
In a media release on Wednesday, ICTSI announced that MICT is constructing Berth 8 to accommodate large container vessels with capacities of as much as 18,000 twenty-foot equivalent units (TEUs).
This expansion will add 200,000 TEUs to the capability, raising the terminal’s total volume handling capability to three.5 million TEUs annually.
Operated by ICTSI, MICT is one among three terminals within the Port of Manila and has the most important crane fleet up to now.
ICTSI said the extra yard space will support the brand new berth while also mitigating yard utilization for increased maneuverability.
The corporate can also be planning to expand its sustainability efforts by continuing to include hybrid and near-zero-emissions equipment into its operations.
MICT said it recently deployed eight zero-emission rubber-tired gantries (RTGs) to enhance its fleet.
ICTSI added that additionally it is planning to accumulate electric trucks and establish electric vehicle charging infrastructure.
“MICT’s expansion and modernization efforts align with the country’s economic needs and goals. These efforts further underline the terminal’s central role within the country’s logistics and provide chain resilience, in addition to its prominence as a gateway for global trade,” ICTSI said.
In 2024, ICTSI announced that the Manila terminal will begin the second phase of its Berth 8 expansion, which incorporates the development of a 300-meter wharf and a 10-hectare container yard.
Berth 8 will likely be equipped with three quay cranes for handling large-capacity vessels with a capability of as much as 18,000 TEUs, ICTSI said. The brand new cranes are expected to reach in 2027.
In 2023, the corporate estimated that adding a brand new berth in Manila would cost P15 billion, enabling it to serve more large foreign vessels.
ICTSI operates 33 terminals in 20 countries across six continents. On the local bourse on Wednesday, shares in the corporate gained P11, or 3%, to finish at P378 apiece. — Ashley Erika O. Jose
