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Thursday, March 28, 2024

ICTSI wins 20 year-contract to operate Sudan port

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International Container Terminal Services Inc. on Friday said it was declared the preferred bidder to operate, manage and develop a container port in Sudan for 20 years.

The port operator said in a disclosure to the Philippine Stock Exchange Sea Ports Corp. of Sudan, an independent state company of Sudan that governs, constructs and maintains the country’s ports, harbors, and lighthouses, confirmed ICTSI as the preferred bidder to operate and manage the South Port Container Terminal at the port of Port Sudan under a 20-year concession.

ICTSI said it would resume the operational and development responsibility for SPC’s existing container terminal infrastructure and terminal handling equipment.

“The Tender Process was led by SPC, with Hamburg Port Consulting as an international advisor, and attracted bids from a number of international port operators,” ICTSI said.

SPCT in 2017 had a throughput of 470,000 twenty-foot equivalent unit and a capacity in excess of one million TEU.

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SPCT has state-of-the-art container terminal assets. It covers a land area of 180 hectares and 1,200 meters quay wall, with a design water depth of up to 16 meters and the capability to receive the largest container vessels of global shipping lines.

It has equipment that includes eight Ship-to-Shore Gantry Cranes and an extensive range of yard handling equipment including more than 20 Rubber-Tired-Gantry Cranes.

ICTSI posted a net income of $44.1 million in the first quarter, down 15 percent from $51.7 million year-on-year. 

Gross revenues from port operations in the first quarter rose nine percent to $325.4 million from $297.2 million in the same period in 2017. 

ICTSI handled a consolidated volume of 2,325,540 twenty-foot equivalent units in the first quarter, two percent more than 2,272,647 TEUs handled in the same period in 2017.

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