ICTSI Ecuador strengthens market position; Contecon Guayaquil gets gov’t approval to handle mega vessels
International Container Terminal Services, Inc.’s (ICTSI) largest port concession in the Americas, Contecon Guayaquil SA (CGSA), further strengthened its market position as the main trading gateway in the entire Ecuador after recently getting the government’s nod to service larger vessels, the company said in its press release.
The Ecuadorian Ministry of Transport and Public Works, through the Subsecretary of Ports and Maritime Transportation, recently gave its green light for CGSA to accommodate mega vessels of up to 305 meters in length at the Port of Guayaquil’s Berths 2 and 3. With this, CGSA is now the first and only terminal in Ecuador with the capacity to serve two mega vessels at the same time,resulting in higher efficiency and productivity levels.
“Our public-private partnership in the Port of Guayaquil is one of the most successful concessions in our portfolio. The government’s trust, through their approval for CGSA to handle mega vessels, speaks of our excellent track record in operating the port. It represents the harmonious relationships we have with our regulators, shipping line clients, port stakeholders, and our employees,” says Enrique K. Razon Jr., ICTSI chairman and president.
“ICTSI is now on its 11th year in Ecuador. We have made strides in the facilitation of trade and commerce, and in supporting the local economy through our investments in port infrastructure and technology. We thank the government for their continued confidence in CGSA and ICTSI,” says Anders Kjeldsen, ICTSI head of the Americas Region.
Ecuador President Lenin Moreno, whovisited CGSA last January to inaugurate the port’s expansion, lauded ICTSI’s contribution to the economy especially its investments over and above its contractual commitments.
“In these facilities, the Contecon concessionaire invested USD 10 million. This amount is part of the USD 325 million they pledged to invest 20 years up to 2027 on Port Authority grounds. However, we should highlight that, in these 10 years, Contecon has already invested USD 360 million—USD 35 million more than expected. Thank you very much for this. Good for the company, for Guayaquil, and for the country,” said President Moreno.
With a berth line of 1,627 meters and a maximum controlling depth 12.5 meters, CGSA is equipped with six quay cranes and four mobile harbor cranes which can accommodate nine vessels at one time depending on the size of the vessels.
Located near Ecuador’s main export zones, the 115.4-hectare terminal has a handling capacity of up to 1.4 million twenty-foot equivalent units (TEU) annually. As the preferred port of call in Ecuador, CGSA is designed to easily facilitate the country’s leading export – bananas – with its 3,627-plug reefer facility and dedicated storage and consolidation areas for the commodity.
To date, ICTSI is the largest port operator in Latin America with two concessions in Mexico and a project each in Ecuador, Honduras, Colombia, Brazil and Argentina.
Contecon Guayaquil SA, a subsidiary of International Container Terminal Services, Inc. at the Port of Guayaquil, is now the first and only port in Ecuador to accommodate two mega vessels simultaneously, after gaining the approval from the Ecuador Ministry of Transport and Public Works for expanded operations at its Berths 2 and 3. Contecon Guayaquil is the largest port concession of Manila-based ICTSI in the Americas.
About CGSA
In March 2007, ICTSI was awarded by the port authority of Guayaquil, Autoridad Portuario de Guayaquil (APG), a 20-year operating concession for the Container and Multipurpose Terminals in Guayaquil, Ecuador. Later in May, a contract was formally signed between APG and Contecon Guayaquil SA, ICTSI’s local operating unit. The terminal handles containerized, general and bulk cargo.
About 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.
