ICTSI Mexico hits milestone 4M TEU
Contecon Manzanillo S.A. de C.V. (CMSA), the Mexican subsidiary of International Container Terminal Services, Inc. (ICTSI) at the Port of Manzanillo, recently achieved its first year-to-date, four-millionth twenty-foot equivalent unit (TEU) milestone even as the company embarks on expansion works to increase capacity, the company said in its release.
CMSA’s recent milestone comes at a time of continued investments by ICTSI to expand Mexico’s largest trading gateway in the Pacific and improve fluidity at the port. The Company recently embarked on a MXN2.5-million second phase expansion of the terminal’s yards and entry and exit gates, and investments in cutting-edge technology and training of its personnel.
Once completed, this increases Contecon’s capacity by up to 50 percent, from 1.2-million twenty-foot equivalent units (TEU) at present to 1.6-million TEU by 2020 – giving substantial flexibility to absorb the projected increase in cargo volume at Manzanillo’s largest port.
Complementing these landside improvements will be two more quay cranes and five yard cranes that are scheduled to arrive by the fourth quarter of 2019. This places Contecon as the only terminal in Manzanillo fully-equipped to service the largest vessels plying intra-Pacific routes.
About Contecon Manzanillo S.A. de CV (CMSA)
In June 2010, ICTSI signed a 34-year concession for the development and operation of the Second Specialized Container Terminal (TEC-II) at the Port of Manzanillo in Mexico. ICTSI established a subsidiary, Contecon Manzanillo SA de CV to operate the Port of Manzanillo. Ideally located to serve growing Asian trade, CMSA is the Mexico’s gateway of choice on the Pacific coast and is near main consumer markets such as Mexico City and the country’s largest industrial zones.
About International Container Terminal Services, Inc. (ICTSI)
Headquartered and established in 1988 in Manila, Philippines, International Container Terminal Services, Inc. (ICTSI) is in the business of port development, management and operations. As an independent business with no shipping, logistics or consignee-related interests, ICTSI works and transacts transparently with any stakeholder in the port community. ICTSI’s portfolio of terminals and projects spans developed and emerging market economies in the Asia Pacific, the Americas, and Europe, the Middle East and Africa. ICTSI has received global acclaim for its public-private partnerships with governments divesting of their port assets to the private sector.
