Port of Manzanillo
Proposed new container terminal
The Philippine-based company,
Terminal Services, Inc., or ICTSI, plans to invest about 10 billion
pesos ($769 million USD) in a container terminal in the Pacific port of
Manzanillo, according to the Mexican federal government.
International Container Terminal Services, Inc.
is a port management company in the Philippines. It was incorporated on
December 24, 1987 and has been cited by the Asian Development Bank as one
of the top five major maritime terminal operators in the world.
Area as it is today
ICTSI was established by Filipino businessman Enrique
K. Razon, whose family has been managing harbors in the Philippines for
three generations, in connection with the bidding for the Manila
International Container Terminal (MICT) contract. In May 1988, the
Philippine Ports Authority awarded the MICT contract to ICTSI, which
started its operations of MICT on June 12, 1988. In March 1992, ICTSI's
shares were listed on the Manila and Makati Stock Exchanges (now the
Philippine Stock Exchange) following the initial public offering of its
Container ship leaves the port
business of ICTSI is the management, operation and development of
ICTSI won the auction held Jan. 13 by the Manzanillo
port authority, the Communications and Transportation Secretariat (SCT)
The new Specialized Container Terminal II will handle some 2 million
containers annually, turning Manzanillo into Mexico’s main container port,
according to the secretariat.
Outline of ICTSI port terminal expansion area
Manzanillo currently handles 46 percent of the container volume nationwide
and 68 percent of the container volume in the Pacific region.
The new terminal is expected to create more than 6,000 direct and indirect
jobs, the secretariat said.
The terminal will cover 72.4 hectares (nearly 179 acres) on shore and 5.4
hectares (13 acres) of maritime zone within the port of Manzanillo’s
Specialized Container Terminal II will have three 360-meter (1,180-foot)
piers with a depth of 16 meters (52 feet).
Manzanillo is Mexico’s main cargo port and one of the “most efficient in
Latin America, and it is among the 100 most important terminals in the
world,” the secretariat said.
The country’s main cargo ports are Manzanillo and Lazaro Cardenas on the
Pacific and Veracruz and Altamira on the Gulf of Mexico.