A subsidiary of International Container Terminal Services Inc. is taking over full ownership of Bauan International Port Inc. Philippines after entering into a P507.41-million share purchase agreement with Marubeni Corp. | TyronePiad /PDI
According to its annual report, the Batangas port has a 240-meter berth with two berthing positions.
The project is expected to boost its capacity to more than 2 million twenty-foot equivalent units within the next five years from the current 1.4 million TEUs. “Manzanillo is the most important node of international logistics in the Pacific Coast of Mexico and it will continue to be so,” CMSA CEO José Antonio Contreras said earlier.
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