Manila Harbor Center Port Services, Inc. (MHCPSI) recently took delivery of eight light rail vehicles (LRV) from Citadel Shipping’s MV Morning Margareta for the Philippines’ light rail transit (LRT) project. This is the seventh LRV delivery this year by Citadel, the local ship agent of global RoRo shipping company Eukor. The latter holds the exclusive .
Manila Harbor Center takes delivery of light rail vehicles for PH s LRT 1 en.portnews.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.portnews.ru Daily Mail and Mail on Sunday newspapers.
ICTSI 1H2021 net income up 73% to US$196 7mln en.portnews.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.portnews.ru Daily Mail and Mail on Sunday newspapers.
Philippine Tycoon Enrique Razon Consolidates Manila Port Interest Into ICTSI
Billionaire Enrique Razon is consolidating his stake in Manila Harbor Center into International Container Terminal Services Inc. (ICTSI) as part of initiatives to boost efficiency in the Philippines’ busiest port.
ICTSI, which is controlled by Razon, has agreed to acquire Manila Harbour Center Port Services Inc. for 2.4 billion pesos ($51 million) from Prime Strategic Holdings Inc., according to a stock exchange filing. Prime Strategic is Razon’s holding company for his interest in infrastructure investments such as the Chico hydropower project in Northern Philippines.
“We believe there is a strong opportunity to drive greater efficiencies in the port area through better, more coordinated use of facilities and through the centralized management of bulk handling activities,” ICTSI said in a statement.
Billionaire Enrique Razon is consolidating his stake in Manila Harbor Center into International Container Terminal Services Inc. (ICTSI) as part of initiatives to boost efficiency in the Philippines’ busiest port.