The contract for the development and operation of a specialised container terminal at the Port of Manzanillo in Mexico was won by CMSA.<\/p>\n
CMSA will be financed by a package which has a tenor of 12 years and a long availability period of four years for the complication of the project’s first and second phases.<\/p>\n
The terminal will have a capacity of 2.2m teus when completely built in a series of three phases, with phase one having a capacity of 750,000 teus. Phase two is expected to be completed by 2020 and will then increase the terminal\u2019s capacity to 1.4m teus.<\/p>\n
ICTSI\u2019s net income in the first half the year was US$100.4m which is down 1% from the previous year, but revenues were up 5% within the past year which amounted to US$552.1m.<\/p>\n
Alongside the development of the Port of Manzanillo, the company also plans to expand the Subic Port in the Philippines.<\/p>\n","protected":false},"excerpt":{"rendered":"
Port operator International Container Terminal Services Inc (ICTSI) confirmed in a statement to Port Strategy today that it has secured a US$260m loan from banks to fund the development of its port in Mexico.<\/p>\n","protected":false},"author":8,"featured_media":4258,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[23],"tags":[],"sponsor":[],"class_list":["post-4257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-north-america"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/4257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/comments?post=4257"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/4257\/revisions"}],"predecessor-version":[{"id":4259,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/4257\/revisions\/4259"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media\/4258"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media?parent=4257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/categories?post=4257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/tags?post=4257"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/sponsor?post=4257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}