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THE International Container Terminal Service, Inc's (ICTSI) flagship terminal Manila International Container Terminal (MICT) marked the handling of its 50 millionth TEU at a waterfront ceremony, reported the Manila Bulletin.
The 50 million twenty-foot equivalent unit (TEU) cargo from MV Seabreeze, operated by Ocean Network Express (ONE), was unloaded at the MICT.
Attending the ceremony were Jose Juan Lacson, ONE Philippines managing director and Christian Gonzalez, ICTSI executive vice president.
MICT has long been leading in the Philippine port industry since it began operations at the Port of Manila in 1988 under ICTSI in a 25 plus 25-year concession contract.
To improve its services and expand its capacity, ICTSI announced in May last year that it will build a PHP15 billion (US$270 million) another berth to the MICT.
With the added berth, the MICT will be able to service foreign ultra-container vessels of up to 18,000 TEU, make another 400 metres of quay along with 12 hectares of yard space that will bring an additional annual capacity of 200,000 TEU.
The expansion of the terminal contributed to the US$336.32 million capital expenditures (capex) recorded by ICTSI for the full year of 2023.
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