May 2014 PortFolio_International Edition

The Official Publication of International Container Terminal Services, Inc. • International Edition

May 2014

ICTSI wins concession in Port of Melbourne, Australia

ICTSI Global OperationsDirectory

Staff Box

If you wish to receive a copy of the International PortFolio, please write, call or e-mail us at:Public Relations Office, ICTSI Administration Bldg.

Manila International Container Terminal, MICT South Access RoadPort of Manila, 1012 Manila, Philippines • Telephone: +632 / 245 4101

E-mail: [email protected] • URL: www.ictsi.com/media-center/newsletters/

International PortFolio is published by International Container Terminal Services, Inc. for its employees, clients, and friends.

Editor-in-ChiefManaging Editor

Researchers

Photographers

NARLENE A. SORIANOJUPITER L. KALAMBAKALZINNO B. GUDEZMARIE ANNALIE T. MARFILMAVERICK A. JAVIERPAOLO MIGUEL S. RACELISJUSTINO RAMON L. TAYAG IIIRONNEL P. JAVIERDEXTER F. LANDICHOEDWARD R. MILAG

Correspondents

Philippines International

Manila

Davao CityGen. Santos City

Misamis Oriental

ALBERT JOSEPH R. CANCERANMA. BERNADETTE C. DE GUZMANMA. CONCEPCION M. DIZONROSE A. LOBRINRICARDO D. PAREDESJESTONIE V. VINSONCHIARA MAY C. ATISREJAMNA S. PANDANGANKIRK KHURNYLLA R. GONO

ArgentinaBrazilChina

CroatiaEcuadorGeorgia

IndonesiaJapan

MexicoPakistan

PolandUSA

MAGDALENA RIANIFABIANA SOUZAAPOLLO ZHOUIVA ROMANKATTY OSSA BIANCHIBENJAMIN D. ROSARIORINI HERAWATYTAKETOSHI TOYAMAPAMELA DE LA VEGAMOHAMMAD ATIQMICHAL KUZAJCZYKDAVID TRZYZEWSKI

I N T E R N AT I O N A L E D I T I O N

2 T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r T e r m i n a l S e r v i c e s , I n c .

Contents

InternationalContainer TerminalServices, Inc.

54

7ICTSI 1Q 2014 income up 29% to US$52.4 million

88911

PICT holds annual general meeting

Ship Ahoy!

Level Up

PICT cited for best practices in occupational safety

ICTSI wins concession in Port of Melbourne, Australia

Port of Melbourne, Australia

6ICTSI consolidates port operations in Yantai

8ICTSI receives 3 corporate governance awards

891012

PICT board holds annual meetings

Spotlight

Do Good

Meets and Greets

M AY 2 0 1 4


3T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r T e r m i n a l S e r v i c e s , I n c .

ICTSI Newsbreak

ICTSI wins concession in Port of Melbourne, AustraliaInternational Container Terminal Services, Inc. (ICTSI), through its Australian subsidiary, Victoria International Container Terminal Ltd. (VICTL), has signed a contract in Melbourne with the Port of Melbourne Corp. (POMC) for the design, construction, commissioning, operation, maintenance and financing of the Terminal and Empty Container Park (ECP) at Webb Dock East in the Port of Melbourne.

VICTL is 90 percent owned by ICTSI through ICTSI Far East Ltd., a wholly owned subsidiary, and 10 percent by Anglo Ports Pty Ltd. (Anglo Ports).

The contract grants VICTL the rights to design, build and commission the new terminal at berths Webb Dock East 4 and Webb Dock East 5; design, build and commission the new ECP at Webb Dock East; and operate the Terminal and ECP until 30 June 2040.

“We are excited with this new concession that marks a milestone for us, it being our first concession in Oceania. We plan to introduce leading edge technologies that will consistently deliver high levels of port performance. We are equally pleased to have a partnership with the Port of Melbourne whom, we would like to mention, conducted the entire tender process with efficiency and transparency,” says Christian R. Gonzalez, ICTSI Head of the Asia-Pacific region.

VICTL’s development scheme for the Webb Dock Container Terminal utilizes the best-proven technologies and innovations to deliver fully-automated operations from the gate to the quay side.

Phase 1 of the terminal, to be ready for operation by 31 December 2016, will have two berths of 660 meters in total fitted with three post-Panamax ship-to-shore cranes, 23.7 hectares of yard and off-dock area with fully automated operations from the gate to the quayside to deliver an estimated capacity of 350,000 TEUs. The Terminal will be able to handle vessels of up to 8,000 TEU capacity. The ECP will be approximately 10 hectares, and will have a capacity of approximately 200,000 TEUs.

Phase 1 construction of the Terminal and the ECP is expected to commence in the fourth quarter of 2014.

Phase 2 of the Terminal, to be ready for operation by 31 December 2017, will have five post-Panamax ship-to-shore cranes with a total area of 35.4 hectares.

When fully developed and as required by volume growth, the Terminal will have six post-Panamax ship-to-shore cranes, and will be able to handle up to 1.4 million TEUs annually, while the ECP will have a capacity of 280,000 TEUs.

Investment for the development of the Webb Dock Container Terminal and ECP is estimated at approximately AUD439 million (USD407 million) for Phase 1 and 2. An additional investment of AUD109 million (USD101 million) is estimated to increase the capacity of the Terminal to 1.4 million TEUs.

Apart from its commitment to optimize the Terminal’s capacity, VICTL is likewise committed to support community initiatives throughout the term of its operations at Webb Dock. Moreover, up to 200 jobs will be created once the Terminal will be operating near its capacity.

Located in the capital of the State of Victoria, the Port of Melbourne is the largest container and general cargo port in Australia. It has grown with the city of Melbourne, and now has around 3,200 commercial ship calls per year, and handles over 2.5 million TEUs annually.

Concession signing (from left): Nick Easy, Port of Melbourne Corp. Chief Executive Officer, Capt. Richard Setchell, Anglo Ports Chairman, Christian R. Gonzalez, ICTSI Head of Asia-Pacific Region, and Hon. David Hodgett, Government of Victoria Minister of Ports and Major Projects.



Illustrations show an artist’s perspectives of the Victoria International Container Terminal. Once fully developed, the Terminal will have six quay cranes and will have a capacity of 1.4 million TEUs while the Empty Container Park will have a capacity of 280,000 TEUs.

Photo shows Mr. Gonzalez (far right) explaining VICTL’s planned innovations to Minister Hodget (3rd from left). Looking on are Mr. Easy (far left) and Capt. Setchell.

Port of Melbourne, Australia

(Source: Google Earth)

The Port of Melbourne, Australia’s busiest seaport, is located at the mouth of the Yarra River and Port Melbourne in Melbourne, Victoria. The Port handles more than US$75 billion in trade annually and over 40 percent of Australia’s container trade. The Port consists of Victoria Dock, Appleton Dock, South Wharves, Swanson Dock, Maribyrnong Berth, Yarraville Wharves, Holden Oil Dock, Webb Dock and Station Pier.

Melbourne, on the other hand, is a highly diversified economy with focus on finance, manufacturing, research, IT, education, logistics, transportation and tourism. It is headquarters for many of Australia’s largest corporations, including ANZ, National Australia Bank, Telstra and BHP Billiton, the world’s largest mining company. Melbourne is an important financial center and is the second largest industrial center in the country.

The State of Victoria is the second largest economy in Australia after New South Wales, accounting for a quarter of the nation’s gross domestic product. Finance, insurance and property services form Victoria’s largest income producing sector, while the community, social and personal services sector is the state’s biggest employer. (Source: Wikipedia)

(Source: Wikimedia.org)

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ICTSI Newsbreak

ICTSI consolidates port operations in YantaiICTSI buys 51% of DP World unit to handle foreign cargoThe Ministry of Commerce of Shandong Province, People’s Republic of China, has approved International Container Terminal Services, Inc. (ICTSI) to acquire 51 percent of DP World Yantai Co. Ltd, a company owned by Dubai-based port operator DP World through subsidiary DP World China (Yantai) Ltd. With ICTSI’s purchase, DP World Yantai was renamed Yantai International Container Terminals Ltd. (YICT).

The government approval is in line with the consolidation and optimization of overall port operations within the Zhifu Bay port area in Yantai.

DP World retained 12.5 percent equity interest in YICT, while the government, through Yantai Port Holdings Co. Ltd. (YPH), holds the remaining balance of 36.5 percent. YICT is the sole foreign container terminal in the port, with ICTSI as the majority shareholder.

DP World Yantai was a sino-foreign equity joint venture company between Yantai Port Group Co. Ltd., YPH and DP World China operating a container, bulk and roll-on-roll-off cargo terminal, and managing bonded warehousing and short-distance transport within the area of the Yantai Port.

The new YICT operates Berths 51, 52, 61 and 62 within the Yantai Port with a total land area of 76.7 hectares, a combined length of 1,300 meters, and a controlling depth of up to 16 meters.

The government also approved ICTSI to sell its entire 60 percent equity interest in Yantai Rising Dragon International Container Terminals Ltd. (YRDICTL) to YPH. YPH became the 100 percent

owner of YRDICTL, and will dedicate its operations to local container cargo only.

The consideration for the acquisition of 51 percent of YICT by ICTSI will be paid in four installments, and will be partially funded from the sale of ICTSI’s 60 percent equity interest in YRDICTL to YPH.

YRDICTL was a sino-foreign equity joint venture company between ICTSI and YPH to operate in the Yantai Port. YRDICTL’s terminal covers a total land area of 28.2 hectares. It operates Berths 38 and 39 in Yantai Port with a combined length of 730 meters and controlling depth of 14 meters.

Arising from the basic requirements for bonded operations within the Yantai bonded port zone in Shandong, the major container operators within Yantai Port agreed to consolidate container operations in order to achieve synergy in the allocation of resources, improve economies of scale by separating local and foreign container handling operations, and upgrade the professional level of the container operations of the Yantai Port as a whole.

ICTSI subsidiary Yantai International Container Terminals Ltd. now operates Berths 51, 52, 61 and 62 of the Port of Yantai.



ICTSI 1Q 2014 income up 29% to US$52.4 millionVolume up 17% to 1.8 million TEUs, revenues up 19% to US$248.9 million, EBITDA improves 6% to US$103.6 millionInternational Container Terminal Services, Inc. (ICTSI) reported unaudited consolidated financial results for the quarter ended 31 March 2014, posting revenue from port operations of US$248.9 million, an increase of 19 percent over the US$209.3 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$103.6 million, six percent higher than the US$97.5 million generated in the first quarter of 2013; and net income attributable to equity holders of US$52.4 million, up 29 percent over the US$40.7 million earned in the same period last year.


The higher net income attributable to equity holders was mainly due to the one-time gain on sale of a non-core asset. In January 2014, the Company divested of Cebu International Container Terminal, Inc., a non-core asset, to Cebu Asian Rim Property and Development Corp. and Hong Kong Land (Philippines) BV for a one-time gain of US$13.2 million. Excluding the one-time gain on sale of a non-core asset, together with the off-setting of higher interest on concession rights payable arising from the new concession contract of Operadora de Puerto Cortés, S.A. de C.V. (OPC) in Honduras, and the higher depreciation, amortization and start-up expenses from new terminals Contecon Manzanillo S.A. de C.V. (CMSA) in Mexico and OPC, organic net income would have been six percent higher at US$45.1 million.

ICTSI handled a consolidated volume of 1,757,095 twenty-foot equivalent units (TEUs) for the quarter ended 31 March 2014, 17 percent more than the 1,496,462 TEUs handled in the same period in 2013.

The increase in volume was mainly due to the continuous improvement in international and domestic trade in most of the Company’s terminals, and the volume generated by the Company’s new terminal operations in Mexico and Honduras, which began operations in November and December 2013, respectively. Excluding the volume generated by the two new terminals, organic volume growth was up one percent.

The Company’s seven key terminal operations in Manila, Brazil, Poland, Ecuador, Madagascar, China and Pakistan accounted for 71 percent of the Group’s consolidated volume in the first quarter of 2014.

Gross revenues from port operations for the quarter ended 31 March 2014 surged 19 percent to US$248.9 million, from the US$209.3 million reported in the same period in 2013. The increase in revenues was mainly due to higher storage revenues and ancillary services, favorable volume mix, tariff rate increases in certain terminals, new and renegotiated contracts with shipping lines and forwarders, and revenue contribution from new terminals in Manzanillo, Mexico and Puerto Cortes, Honduras. Excluding revenues from the new terminals, organic revenue growth was five percent.

The Group’s seven key terminal operations in Manila, Brazil, Poland, Ecuador, Madagascar, China and Pakistan accounted for 76 percent of the Group’s consolidated revenues in the first quarter of 2014.

Consolidated cash operating expenses in the first quarter of 2014 grew 28 percent to US$108.2 million, from US$84.6 million in the same period in 2013. The increase was mainly driven by the inclusion of cash operating expenses of the new terminals in Mexico and Honduras, higher manpower costs arising from volume growth and government-mandated and contracted salary rate adjustments in certain terminals, higher facilities-related expenses resulting from the cessation of the rent rebate program at ICTSI Oregon beginning January 2014, and higher business development expenses as the Group pursued a number of bids for port projects during the period. Excluding cash operating expenses of the new terminals, total cash operating expenses would have increased by only five percent in the first quarter of 2014.

Consolidated EBITDA for the first quarter of 2014 increased six percent to US$103.6 million, from US$97.5 million in 2013 mainly due to volume growth, stronger revenues from storage and ancillary services, tariff increases in certain key terminals, favorable volume mix and the contribution of new terminals in Mexico and in Honduras. Excluding the contribution from CMSA and OPC, EBITDA would have increased by one percent. Consolidated EBITDA margin decreased to 42 percent in the first quarter of 2014 compared to 47 percent in the same period in 2013 mainly due to higher business development expenses and higher port fees, cash operating expenses and the start-up cost of the new terminals in Mexico and in Honduras.

Consolidated financing charges and other expenses for the quarter increased 15 percent, from US$12.6 million in 2013 to US$14.5 million in 2014 primarily due to lower capitalized borrowing cost on qualifying

assets as CMSA started commercial operations in November 2013. Capital expenditures for the first quarter of 2014 amounted

to US$64.0 million, approximately 21 percent of the US$310.0 million capital expenditure budget for the full year 2014. The established budget is mainly allocated for the completion of phase one development of the Group’s new container terminals in Mexico and Argentina, and to start the development of terminals in Honduras and in the Democratic Republic of the Congo. In addition, ICTSI invested US$11.4 million for the development of SPIA, its joint venture container terminal development project with PSA International Pte Ltd. (PSA) in Buenaventura, Colombia. The Goup’s share for 2014 is approximately US$120.0 million.

M AY 2 0 1 4



International Container Terminal Services, Inc. (ICTSI) received three awards in the Fourth Asian Excellence Recognition Awards 2014 from CorporateGovernanceAsia: Best Investor Relations Company, One of Asia’s Best CEOs – Enrique K. Razon Jr., and Best Investor Relations Professional – Arthur R. Tabuena.

Awarding ceremonies were held last 3 April in Hong Kong. Photo shows Mr. Tabuena (left), ICTSI Head of Investor Relations, receiving one of the awards from Aldrin Monsod, Founder, Managing Director and Publisher of CorporateGovernanceAsia.

In recent years, the Hong Kong-based regional quarterly on corporate governance, has recognized ICTSI as among the leading companies in the region and in the Philippines, observing best practices in investor relations, business ethics and financial performance.

In 2013, the publication named ICTSI as one of Asia’s Icons on Corporate Governance during the Ninth Corporate Governance Asia Recognition Awards. Mr. Razon was also a recipient of its Asian Corporate Director Recognition Award.

ICTSI receives 3 corporate governance awardsWith reports from Maricel Laud

PICT cited for best practices in occupational safety Pakistan International Container Terminal (PICT) was recently recognized for fostering best practices in occupational safety, health and environment.

The Employers Federation of Pakistan declared PICT as the second prize overall winner in the Ninth Best Practices in Occupational Safety, Health and Environment (OSHE) Awards on 28 April in

Karachi, Pakistan. Photo shows Owais M. Kazi (second from left), PICT Chief

Financial Officer, receiving the trophy from Amin Al-Wreidat (third from left), an OSHE expert from the International Labor Organization.

PICT has been receiving awards and recognition for best OSHE practices awards since 2011. PICT is committed to promoting occupational health, safety and environment across its operations.

PICT board holds annual meetingsBy Mohammad Atiq

The Board of Directors (BoD) of ICTSI subsidiary Pakistan International Container Terminal Ltd. (PICT) held its annual board and audit meetings in February at the PICT headquarters in the Port of Karachi.

Left photo shows the BoD (from left): Owais Kazi, Chief Financial Officer; Aasim Azim Siddiqui, Director; Joel Consing, Director; Capt. Haleem A. Siddiqui, Chairman; Christian R. Gonzalez, Director; Capt. Zafar Iqbal Awan, Chief Executive Officer; Hans Ole Madsen, Director; and Muhammad Hunain, Company Secretary. Center photo shows Capt. Siddiqui presiding over the board meeting, while right photo shows the audit committee meeting presided by Aasim Sidddiqui.

By Mohammad AtiqPICT holds annual general meetingPakistan International Container Terminal Ltd. (PICT) held its annual general meeting for shareholders last 27 March at the Beach Luxury Hotel in Karachi. The annual meet was the second for PICT as an ICTSI Group company, and the 13th for PICT.

Photo shows PICT management (from left): Muhammad Hunain, Company Secretary; Owais Kazi, Chief Financial Officer; Aasim Azim Siddiqui, Director; Capt. Haleem A. Siddiqui, Chairman; Capt. Zafar Iqbal Awan, Chief Executive Officer; and Fernando Lopez Royo representing Hans Ole Madsen, Director.

ICTSI Newsbreak



Spotlight

Do Good

ICTSI in World Economic Forum on East Asia, ManilaInternational Container Terminal Services, Inc. (ICTSI) recently participated in the World Economic Forum (WEF) on East Asia last 21– 23 May. The Asian leg of the WEF was hosted by Manila with plenaries and events held at the Makati Shangri La Hotel and the Philippine International Convention Center.

Opened by Philippine President Benigno S. Aquino, the WEF gathered key government and business leaders in the region to discuss opportunities in the ASEAN Economic Community, one the economically fastest-growing regions in the world.

Enrique K. Razon Jr., ICTSI Chairman and President, was among the resource persons in a televised panel discussion on “Accelerating ASEAN Strategic Infrastructure” last 23 May. He urged ASEAN governments to take advantage of the current “golden era for financing” and spend more on infrastructure projects. He also urged the public to be more patient as government projects take time. Photo, courtesy of ABS-CBNNews.com, shows Mr. Razon during the televised plenary.

ICTSI, Bloomberry support PARR initiatives for YolandaInternational Container Terminal Services, Inc. (ICTSI) and Bloomberry Resorts and Hotels, Inc. (BRHI), owner and developer of Solaire Resort and Casino, committed to jointly support initiatives of the Office of the Presidential Assistant for Rehabilitation and Recovery (PARR) by shepherding the rebuilding of the northern portion of Tacloban City.

Through the corporate social responsibility (CSR) units of ICTSI and BRHI, the ICTSI Foundation, Inc. and Bloomberry Cultural Foundation, Inc., respectively, the two companies will help oversee and provide financial and technical assistance for PARR’s recovery programs.

BRHI donated PhP250 million to the Philippine Department of Health to build the core building of the Eastern Visayas Regional Medical Center (EVRMC) in Tacloban City. When completed, EVRMC will be a modern teaching and training hospital with a 500-bed capacity serving the entire Eastern Visayas.

Photo shows (from left): Jorge A. Consunji, President and COO of D.M. Consunji, Inc., contractor; Secretary Panfilo M. Lacson Sr., Presidential Assistant for Recovery and Rehabilitation; Cristino L. Naguiat Jr., Chairman and CEO of Philippine Amusement and Gaming Corp.; Secretary Enrique T. Ona M.D., of the Department of Health; and Donato C. Almeda, Director of Bloomberry Resorts Corp. and President of Bloomberry Cultural Foundation, Inc. during signing ceremonies last 27 May at Solaire Resort and Casino.

As part of its licensing agreement with the Philippine Amusement and Gaming Corp., BRHI is obligated to donate a portion of its revenues to its foundation, BCFI, whose advocacies are culture and tourism. Recognizing the urgency of rehabilitating Tacloban, PAGCOR approved the use of BCFI funds for relief interventions to communities stricken by calamities and disasters, as is the case in Eastern Visayas.

BCT launches annual Gdynia water marathonICTSI Polish terminal, Baltic Container Terminal (BCT) in the Port of Gdynia, recently launched the BCT Gdynia Marathon 2014, one of the largest and most extreme annual water marathons in Europe.

Set on 1–3 August, the open marathon invites the world’s best long distance swimmers to test their skills and abilities in the cold waters of the Baltic Sea. Participants will swim the distance of over 20 kilometers from Hel to Gdynia. The race will be held along a Gdynia beach near Nadmorski Boulevard. This is the third time that BCT is hosting the event.

The annual race, which started in the 1970s is regarded as a “great tradition” in the whole of Gdynia. This year’s prize pot amounts to USD 29,000. BCT’s sponsorship of the water marathon is in line with ICTSI’s CSR advocacy on youth and sports.

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Do Good

Ship Ahoy!

Trees planted at MICT’s Berth 6With reports from Joy Lapuz and Francis J Bartolome

As part of a continuing initiative to “green” International Container Terminal Services, Inc.’s (ICTSI) flagship operation Manila International Container Terminal (MICT), ICTSI conducted a tree planting activity last 25 March to extend the greening of the MICT to Berth 6, the terminal’s latest facility.

Center photo shows ICTSI employees planting trees at the road island of the South Access Road, while right photo shows Parola residents plant trees near the perimeter fence of Berth 6.

ICTSI employees and Parola

residents join forces in greening

Berth 6.

Spearheaded by the ICTSI Foundation, Inc., and in cooperation with residents of Parola, MICT’s immediate community, a total of 90 trees were planted in the perimeter area of Berth 6, and in the road islands of the East Access Road and South Access Road. Talisay, banaba and assorted fruit tree seedlings were planted.

Tree planters from ICTSI were Filipina Laurena, Joop Kalambakal, Eloida Arcena, Joy Lapuz, Francis J Bartolome, Marie de Guzman, Ben Gamba, Yehlen de la Luna, Rene Dilao, Lito Velasco, Marivic Lopez and on call staff from the Anchorage Department. On the other hand, Arnel Parce, Chairman of Barangay 20, Tondo, Manila, led residents in assisting ICTSI in planting the trees.

This was the third time that ICTSI conducted a tree planting activity: in 2002, coconut seedlings were planted in the seaside

sidewalk of the South Access Road, and in 2009, tuba-tuba, talisay and balete seedlings were planted in portions of the road islands of the East Access Road and South Access Road.

As of date, over 150 trees are being maintained at the MICT. The team of Renato Magdaet of Anchorage has been maintaining the trees on a voluntary basis since 2002.

The March tree planting activity is one of many joint projects of the Foundation with ICTSI’s host communities in Manila. This was also the first time that the Foundation and Parola got involved in greening initiatives at the MICT. Parola’s participation in the tree planting activity was in line with the Foundation’s project on environment care, specifically the Parola Solid Waste Management Project.

ICTSI Foundation spearheads recycling of styro, plastics in Parola By Joy Lapuz

The ICTSI Foundation, Inc. has tapped the Polystyrene Packaging Council of the Philippines (PPCP) and the Philippine Plastics Industry Association (PPIA) to be its resource partners in the Foundation’s drive to recycle styro and plastic waste products in Parola, the host community of ICTSI’s Manila flagship.

Recycling of styro and plastic waste is a key component of the Foundation’s Parola Solid Waste Management Project, an environment care project for Parola residents to ensure the proper disposal of garbage and cleanliness in the community’s public places, specifically along the access roads of the Manila International Container Terminal.

The Foundation invited experts from PPCP and PPIA to speak about the recyclability of styro and plastic products. The talk was held last 18 March and was attended by the Parola Eco-Patrols, solid waste

management champions of the community, and some members of the local community council.

Right photo shows Daisy Coroza, PPCP Secretary General, showing the participants a ruler that was made from approximately four spaghetti containers and six plastic disposable cups. The talk on plastic recycling is the first of a series of talks, which aim to educate Parola residents on various solid waste management-related topics. Future topics will include disaster risk reduction and climate change.

Hanjin Budapest: longest boxship to dock at the PICTPakistan International Container Terminal serviced last 11 May the longest container vessel to dock at the terminal. Photo shows the 7,000-TEU capacity vessel Hanjin Budapest, which has a length overall of 304 meters, during its maiden call at the PICT.



Ship Ahoy!

Maiden calls at the MICT

Maiden calls at the MICT for May 2014 (photo from left): • APL Guangzhou last 24 May – Renato Mamaril (right) presents a commemorative certificate to Capt. Mykhaylo Petrykov, Vessel Master.• Chiloe Island at Berth 6 last 27 May – ICTSI and MCC Transport (Maersk) officers during presentation of commemorative certificate

(from left): Wilfredo Bumagat Jr., MCC Transport Phils. Boarding Agent; Capt. Devan Dhawan, Vessel Master, Arthur Valdez, ICTSI Operations Shift Manager; and Pradip Roy, Vessel Chief Engineer.

• Caledonian Express at Berth 2 last 28 May – Arthur Valdez of ICTSI presents a commemorative certificate to Capt. Felix E. Abucay, Vessel Master (right). With them was Abe Trinidad, NYK FilJapan Terminal Manager.

Meets and Greets

Royal Cargo visits SBITCRoyal Cargo Combined Logistics, Inc. recently visited New Container Terminal–1 (NCT–1), operated by Subic Bay International Container Terminal Corp. (SBITC).

Royal Cargo has expressed interest in using NCT–1 for accounts such as Universal Robina Corp., Del Monte Phils., Nutri Asia and Dunlop among others.

Photo shows SBITC and Royal Cargo officers during the NCT–1 visit (from left): Reimond B. Silvestre, SBITC General Manager; Virginia Jamila, Royal Cargo Vice President for Sales and Marketing; Marlyn Salvo, Royal Cargo Senior Account Manager–Bataan and Subic; Ramiel Del Rosario, Royal Cargo Branch Manager; and Tony Ramos, SBITC Finance and Administration Head.

Yusen Logistics, Casio visit MICTOfficers of Yusen Logistics, Phils. Inc. and Casio Corp. recently visited ICTSI’s flagship Manila International Container Terminal (MICT).

Yusen Logistics and Casio, through Yusen Logistics, are ICTSI clients and port users of the MICT. Photo shows officers of Yusen Logistics, Casio and ICTSI at ICTSI’s Harbor Lounge (from left): Fernando Perez, D. Nishino, S. Machida and T. Yamada of Yusen Logistics; Jay Valdez of ICTSI; and S. Kojima and Y. Juna of Casio Corp.

Yusen Logistics is a leading multi-modal international air and sea cargo forwarding company. The company also provides distribution services in the Philippines.

Pakistan’s anti-narcotics chief visits PICTBy Mohammad AtiqMajor General Khawar Haneef, Director General of the Pakistan Anti-Narcotics Force recently visited the terminal facilities of Pakistan International Container Terminal Ltd. (PICT).

The anti-narcotics chief visited PICT to observe and understand terminal services and operations in the Port of Karachi. Photo shows Capt. Afzal Shaikh (right), PICT Terminal Manager, receiving a token from Gen. Haneef (left) during the visit.

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Meets and Greets

Level Up

Capt. Chak Kwok Wai, Chairman and Managing Director of Japanese megaliner NYK Group South Asia Pte. Ltd., visited in March the terminal facilities of Pakistan International Container Terminal Ltd. (PICT).

Photo shows Capt. Kwok Chai (second from left), receiving a token from Capt. Afzal Sheikh (third from left), PICT Terminal Manager. With them were (from left): Capt. Tariq Masud, NYK Pakistan Chief Executive Officer; Safdar Abbas, PICT Senior Operations Manager; and S.M. Imran Moosa, PICT Marketing and Commercial Manager.

Since 2003, NYK has been using PICT as its preferred terminal in the Port of Karachi. The shipping line has two services in the port: New Hercules Service (NHS) and the India-Bangladesh

Service (IBS). Both are weekly services in Karachi, and have four chartered vessels each. The NHS plies the ports of Karachi, Mumbai, Colombo, Kelang, Singapore, Laemchabang, Singapore, Pipavav and back to Karachi; while IBS

plies the ports of Karachi, Mundra, Colombo, Chittagong and back to Colombo and Karachi.

NYK South Asia head visits PICT

SCIPSI officers obtain MBAs By Rejamna Pandangan

Five officers of ICTSI subsidiary South Cotabato Integrated Port Services Inc. (SCIPSI) recently obtained their post-graduate degrees in Business Administration from the Notre Dame of Dadiangas University through the assistance of SCIPSI’s People Development Program (PDP).

Photo shows the graduates during commencement rites last 22 March together with Nestor Tirol (far left), Assistant Operations Manager, and Gabriel Munasque (fifth from left), SCIPSI General Manager. The officers are (from left): Noralyn Escalante, Human Resources Supervisor; Joel Laureto, Billing Superintendent; Mary Jane Beron, Senior Accounting Supervisor; Nancy Primavera, Assistant Finance Manager; and Marie Joy Manalo, Operations Center Supervisor.

The PDP encourages and supports SCIPSI employees in their personal and professional growth through graduate studies.

PICT launches training simulator for QCs, RTGs By Mohammad Atiq

Pakistan International Container Terminal Ltd. (PICT) launched in February a training simulator for container handling equipment that would help create a pool of expert operators in the terminal.

Developed and installed by Data Communication & Control (Pvt.) Ltd., the training simulator was designed to provide a virtual environment for future quay crane and rubber tired gantry operators.

Photo shows Christian R. Gonzalez (fourth from left), ICTSI Regional Head for Asia-Pacific, testing the simulator. Looking on are (from left): Capt. Zafar Iqbal Awan, PICT Chief Executive Officer; Hans Ole Madsen, ICTSI Regional Head for Europe and the Middle East; Ziauddin, PICT Senior Engineering Manager; Owais Kazi, PICT Chief Finance Officer; and Samir Hoodbhoy.

By Mohammad AtiqTraining on x-ray scanning of containers in PICTThe Pakistan Nuclear Regulatory Authority (PNRA) recently conducted a seminar on container x-ray scanning at the headquarters of Pakistan International Container Terminal Ltd. (PICT).

Some 20 staff working on the scanners attended the four-session whole day training. The participants are from PICT, Pakistani customs and other terminals in the Port of Karachi.

The training was conducted to fulfill the mandatory requirement of PNRA on container scanning. Khalid Hussain (front, fourth from left), PNRA Director General, and other PNRA trainers facilitated the training that discussed, among others, the latest trends and standards in scanning technology.



May 2014 PortFolio_International Edition

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