ICTSI stumps up another $100m to boost Iraqi facilities

ICTSI stumps up another $100m to boost Iraqi facilities

Manila-headquartered International Container Terminal Services Inc (ICTSI) is stumping up $100m for the second phase development of Basra Gateway Terminal (BGT) at Umm Qasr in Iraq.

Two new berths will be developed incorporating a 20 ha yard area thereby doubling annual BGT container handling capacity to 1.2m teu. The berths, due for completion within 18 months, will be able to handle ships of up to 10,000 teu capacity.

ICTSI operates 31 terminals in 19 countries and is owned by billionaire Enrique Razon.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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