Philippine terminal operator launches logistics facility at Oregon port
June 23, 2011 02:40 pm EDT
Economy, Business And Finance, Transport, Waterway And Maritime Transport
Manila-based port operator International Container Terminal Services, Inc. (ICTSI) announced Thursday the launching of its logistics facility at the Terminal 6 of the Port of Portland in Oregon.
The logistics facility will complement the operations of the terminal by ICTSI Oregon, an ICTSI subsidiary leasing the container and breakbulk facility for 25 years starting in February.
ICTSI Chairman and President Enrique K. Razon said the logistics facility and the operation of Terminal 6 is the company’s way of helping the Philippines boost trade with the U.S.
The state of Oregon is one of the leading trading partners of the Philippines.
The Philippines was the fourth largest buyer of Oregon goods in 2010 shipped by air and sea, and ranked 10th in terms of dollar value of Oregon shipments by sea, according to the Philippine Department of Trade and Industry.
ICTSI operates 22 container terminals and is involved in port development projects in 17 countries.
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