The Phividec Industrial Authority formally turned over the Mindanao Container Terminal (MCT) to a International Container Terminal Services, Inc. subsidiary last week in Manila.
Mindanao International Container Terminal Services Inc. (MICTSI) was granted the 25-year MCT concession in May, and took over operations in June. The turnover ceremony was held at the MCT berthside and was attended by Phividec officers, shipping lines and local government officials. ICTSI, which operates five other terminals in the Philippines, has a global port network spanning 11 countries in four continents. Headquartered in the Philippines, ICTSI is on its 20th year of operation, and continues to pursue container terminal opportunities around the world.
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