Manila International Container Terminal said Tuesday it upgraded the country’s largest fleet of container-handling equipment with four new hybrid-tired gantries from Japan.
International Container Terminal Services Inc., which operates MICT, said the new RTGs, manufactured by Mitsui Engineering & Shipbuilding Co. Ltd., are part of the 16-unit fleet that runs on a combination of 22kVah Li-ion battery and a smaller diesel engine. They are expected to reduce terminal emissions by up to 40 percent.
The new RTGs will be deployed immediately to increase MICT’s yard productivity.
Eight more hybrid RTGs, along with another pair of super post-Panamax quay cranes, are expected to be delivered before the end of the third quarter of 2019.
MICT said that on full delivery, its fleet would be composed of 18 quay cranes and 58 RTGs”•the largest containerized cargo handling fleet in the country.
ICTSI invested more than $80 million for capital equipment in MICT, enabling the country’s largest and most technologically advanced container terminal to meet rising levels of demand in the era of neo-Panamax vessels.
The Enrique Razón-led port operator posted a net income of $221.5 million last year, up by 22 percent from $182.2 million in 2017.
Gross revenues from port operations in 2018 increased 11 percent to $1.4 billion from $1.2 billion in 2017. Excluding the new terminals, consolidated gross revenues would have increased 7 percent. Darwin G. Amojelar
ICTSI handled a consolidated volume of 9,736,621 twenty-foot equivalent units in 2018 or six percent more than the 9,153,458 TEUs it handled in 2017.
ICTSI’s capital expenditure for 2019 is expected at $380 million.
The estimated capital expenditure budget will be utilized mainly for the ongoing expansion projects in Manila, Mexico and Iraq; equipment acquisitions and upgrades; and maintenance requirements.