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Category: shipping

ICTSI plows $130M as Subic terminals get fresh term

MANILA, Philippines – International Container Terminal Services Inc. (ICTSI), led by tycoon Enrique Razon Jr., has earmarked more than $130 million to bolster its Subic port operations after its concession agreements were extended for 25 more years. The listed global ports operator said its subsidiaries, Subic Bay International Terminal Corp. and ICTSI Subic Inc. had