ICTSI wins Manzanillo terminal bid
International Container Terminal Services Inc. has won a concession to operate a terminal in the Mexican port of Manzanillo.
It's the first terminal in North America for the Philippines-based terminal operator, which manages six domestic terminals (including its flagship facility in Manila) and 11 international terminals in the Middle East, South America and Asia. Manzanillo is Mexico’s largest port, with throughput of nearly 1.5 million TEUs in 2008.
ICTSI's concession is for 34 years and calls on them to develop a 1.8 million-TEU, three-berth greenfield terminal in the port.