AsiaPorts and Logistics

ICTSI to operate two ports in Papua New Guinea

Philippines port operator International Container Terminal Services (ICTSI) has signed 25-year agreements to operate two international ports in Motukea and Lae in Papua New Guinea.

Under the agreements two CTSI’s PNG subsidiaries, Motukea International Terminal and South Pacific International Container Terminal will be responsible for the operation, management and development of the two ports.

Motukea International Terminal will provide and deploy cranes, berth and yard equipment for the Port of Motukea, while South Pacific International Container Terminal will do similar at Port of Lae, which is the largest container handling facility in Papua New Guinea.

The latest deals tick ICTSI’s general investment boxes, namely to come in for emerging economies with little existing container infrastructure.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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