{"id":492,"date":"2019-04-16T12:41:00","date_gmt":"2019-04-16T11:41:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/coastlink\/2019\/04\/16\/ictsi-eyes-philippines-expansion\/"},"modified":"2026-08-27T15:11:39","modified_gmt":"2026-08-27T14:11:39","slug":"ictsi-eyes-philippines-expansion","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/coastlink\/2019\/04\/16\/ictsi-eyes-philippines-expansion\/","title":{"rendered":"ICTSI eyes Philippines expansion"},"content":{"rendered":"<p>The Philippines-headquartered port operator will certainly repurpose the site from its current use if the purchase goes ahead. It will consider developing the 300-hectare sit it into several multipurpose facilities including ports, power and steel, reported <em>Ships &amp; Ports<\/em>.<\/p>\n<p>\u201cWe\u2019re still making presentations to the banks, the banks own it now\u2026We\u2019re developing a masterplan for Hanjin,\u201d ICTSI Chairman and President Enrique K. Razon, Jr. said.<\/p>\n<p>\u201cDefinitely, we don\u2019t want anything to do with shipbuilding,\u201d Mr Razon stressed.<\/p>\n<p>Damen Group and an American shipbuilder are among parties interested in HHIC Philippines, according to Nikkei Asian Review. In February, it reported that HHIC-Phil filed for bankruptcy protection in January after failing to repay US$1.3bn of loans.<\/p>\n<p>Hanjin\u2019s assets in the Philippines are estimated to be worth US$1.6bn.<\/p>\n<p>Port Strategy contacted ICTSI for comment but did not receive a response by deadline.<\/p>\n<p>By Rebecca Jeffrey<\/p>\n","protected":false},"excerpt":{"rendered":"<p>International Container Terminal Services Inc (ICTSI) is negotiating with banks to purchase the facilities of bankrupt shipyard Hanjin Heavy Industries and Construction Philippines (HHIC Philippines).<\/p>\n","protected":false},"author":8,"featured_media":493,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25],"tags":[],"sponsor":[],"class_list":["post-492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/492","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=492"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/492\/revisions"}],"predecessor-version":[{"id":494,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/492\/revisions\/494"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media\/493"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media?parent=492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/categories?post=492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/tags?post=492"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/sponsor?post=492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}