PORTFOLIO APRIL 2016 • The Official Publication of International Container Terminal Services, Inc.
SPIA ready for 3Q 2016 start of operations
PORTFOLIO ICTSI OPERATIONS
TABLE OF CONTENTS
COVER STORY 4 SPIA ready for 3Q 2016 start of operations
DO GOOD 5 Aguadulce Port: a story of vision and perseverance
MAKING THE LIST 6 SCIPSI shortlisted for IiP’s People Gold Employer of the Year 2
6 ICTSI receives Meralco Luminaries Award
DO GOOD 7 ICTSI Foundation conducts relief operations for fire victims
8 ICTSI Foundation announces scholar achievers for AY 2015-2016 8 VICT’s annual grants program opens with a focus on positive outcomes for young people
6 ICTSI bond wins 2015 IFR Asia Philippine Capital Markets Deal
T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .
9 Bringing smiles to the angels of Bahay Tuluyan
International Container Terminal Services, Inc.
APRIL 2016
LEVEL UP 10 Teambuilding for Parola EcoPatrols 11 MICT Port Safety and Health Standards seminar
SPOTLIGHT 11 EKR at the 2016 Philippines Business & Investment Forum
ICTSI NEWSBREAK 11 OPC wins Chairman’s Cup
12 BGT phase 1 expansion completed by Q2 2016
13 ICTSI Oregon team visits BCT
PEOPLE 15 EQA, thank you for being a part of our journeys 15 Movements – March 16 Birthdays for May
MEETS AND GREETS 13 ICTSI Manila auditors at BGT
14 AGCT welcomes Iraqi delegation
T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .
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PORTFOLIO COVER STORY
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SPIA ready for 3Q 2016 start of operations
By Julia Daza
hase one civil works at the Aguadulce Multi-User Container Terminal (AMCT) in the Port of Buenaventura, Colombia has entered the final stage in time for the start of operation in the third quarter of 2016.
As construction continues to progress, AMCT will have an annual capacity of 600,000 TEUs for the first phase of the project. All the primary port equipment have been turned over to Sociedad Puerto Industrial Aguadulce S.A. (SPIA), the subsidiary of International Container Terminal Services, Inc. (ICTSI), which won the 30-year concession to develop, construct and operate a container, grains and coal-handling facility in Aguadulce. Meanwhile, other support equipment units are still under procurement. Once operation starts, AMCT will become the most competitive marine terminal in Colombia. In terms of nautical access, the terminal's initial two berths have a controlling depth of
14.5 meters and pocket width of 176 meters. Including the wide turning basin, the terminal will be more than capable of accommodating larger vessels unlike its competitors in the Port. At the core of AMCT’s operations will be four super post-Panamax quay cranes, 10 rubber tired gantries, three reach stackers, three empty container handlers, 32 terminal tractors and 34 terminal trailers. On full build, the terminal will be equipped with a total of nine quay cranes and 24 rubber tired gantries. Using Navis SPARCS as the terminal operating system, AMCT will rely on other advanced technologies including electronic data interchange for data exchange; global positioning
system and position detection system for yard inventory monitoring; and optical character recognition, electronic seals and biometrics for truck driver identification. SPIA has recently completed the 21 kilometer access road leading to the terminal. SPIA developed a specific environmental plan for the relocated wildlife and signed agreements with the surrounding indigenous communities affected by the development. ICTSI’s greenfield in Colombia is expected to drive the country’s trade growth on the face of dynamic local and international economic climate. The Colombian economy expects the AMCT to open doors to new markets in Asia and the American Pacific.
“The Aguadulce terminal SPIA S.A. is to become the living proof of excellence in port operations, distinguishing itself before the eyes of the market for its highest standards and effectiveness in its operations, technology and security, all backed and managed by highly trained and committed people genuinely contributing to the social and environmental responsibility most needed in its area of influence. At the end, the people will always make the difference.” — Miguel Abisambra AMCT General Manager
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T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .
International Container Terminal Services, Inc.
APRIL 2016
Photo shows the status of civil works at the Aguadulce Multi-User Container Terminal as of November 2015. On full build, the terminal will have a total berth length of 900 meters plus a 250-meter dedicated berth for grains and coal.
The first batch of super post-Panamax quay cranes was delivered to AMCT in August 2015.
DO GOOD
Aguadulce Port: a story of vision and perseverance By Julia Daza
Two decades ago, the Aguadulce Port was just an idea that seemed unreal to some but promising to others. Colombia enacted the Law of Ports (Ley 1 de 1991) back in 1991, which for the first time allowed private companies to construct, maintain and operate port terminals, and offer port services under a public interest sanction. This particular law opened a window of opportunity for the Colombian economy, creating a vision that inspired the blueprint of Aguadulce. From then started a difficult but incredible road for the project and the people behind it. Skeptical at the beginning, investors saw development opportunities in Buenaventura and how the region could benefit from the construction of a new port. In 2007, the project became more promising with the arrival of International Container Terminal Services, Inc. (ICTSI). Armed with a comprehensive portfolio of terminals across the world and decades of expertise in acquiring, developing, managing and operating container ports, especially in emerging markets, the Philippine-based port operator acquired stakes in two Panamanian companies to gain effective control of Sociedad Puerto Industrial de Aguadulce S.A. (SPIA). Owning 240 hectares of land in the Aguadulce Peninsula, Buenaventura, SPIA was granted by the Colombian National Institute of Concessions
a 30-year concession to develop, construct and operate a container grains and coal-handling facility in Aguadulce. With ICTSI stepping in, the project was redesigned to include, among other features, an access road to the port. The access road would improve transit time for the terminal's future clients, and minimize the operational impact of the terminal to urban traffic in Buenaventura. In order to build the access road, ICTSI signed an accord with the native communities within the project's scope of influence. The Company designed a solution based on its commitment to uphold the well-being of the members of its host communities. CSR projects were implemented simultaneously with the port project. The first three miles of the access road was completed in
2012. At the same time, ICTSI and SPIA built bigger and safer homes for the displaced families. In 2013, ICTSI entered into an agreement with PSA International Pte. Ltd. of Singapore to jointly develop and operate the Aguadulce Multi-User Container Terminal and its ancillary facilities. The partnership gave the project a huge boost, strengthening the Aguadulce Port's position as one of the most promising ports in Colombia. The joint venture also made it easier for the project to overcome hurdles moving forward. On 6 August 2015, the vessel carrying AMCT's first four super post Panamax quay cranes crossed the Buenaventura Bay. As the ship made its final approach to the dock, what was once a dream had become a reality.
T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .
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PORTFOLIO MAKING THE LIST
SCIPSI shortlisted for IiP’s People Gold Employer of the Year By Rejamna Jubelag
South Cotabato Integrated Port Services, Inc. (SCIPSI) has been shortlisted in the Gold Employer of the Year (international) category in the Third Annual Investors in People (IiP) Awards. After winning the gold award for excellence in people management at the 5th IiP concourse in November, SCIPSI will have the opportunity to benchmark itself against some of the highest performing organizations globally. “It is really a huge honor for us to be given the chance to represent the country in front of a prestigious awards body and
to be pitted against some of the best institutions in the world. The mere fact that we’ve been shortlisted is already a win for us,” says Gabriel Muñasque, SCIPSI General Manager. “It just goes to show that we are doing something good with the programs that we implement.” The category recognizes highperforming and high-achieving
ICTSI receives Meralco Luminaries Award International Container Terminal Services, Inc. (ICTSI) was among the companies recognized at the Fifth Meralco Luminaries Awards last 8 March at the Meralco Theater, Pasig City.
The annual awards ceremony pays tribute to some of Meralco’s “partners for progress” from the local government, business and corporate segments. This year’s honorees are cited for setting the example through their stellar achievements, exemplary business outcomes and collaborative efforts with Meralco that contribute to nation building.
Christian Lozano (8th from left), ICTSI Commercial Director, accepted the award on behalf of ICTSI.
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organizations that put people at the heart of their future success. The Awards, which received 300 entries internationally, celebrates the best in people management practices amongst Investors in People accredited businesses. Winners will be announced during the awarding ceremony on 29 June 2016 at the Old Billingsgate, London.
ICTSI bond wins 2015 IFR Asia Philippine Capital Markets Deal International Container Terminal Services, Inc.’s (ICTSI) US$450 million perpetual securities issue was hailed as the Philippines’ Capital Markets Deal of the Year by world-leading global capital markets intelligence provider International Financing Review (IFR).
In its 2015 Review of the Year, IFR Asia lauded ICTSI for sailing “through a (market) storm with an offering of an unrated US$450 million perpetual bond, breaking a two-month drought for offshore issuance from the Philippines.” The award is the second for the same transaction, which also won the The Asset’s Philippine Corporate Bond Deal of the Year award. ICTSI was able to generate an order book amounting to US$1.8 billion despite a backdrop of growing concerns on higher interest rates and the prevalence of financial market volatility from the surprise devaluation of the Chinese renminbi, which was announced a couple of days prior to the launch of the perpetual securities. Rafael D. Consing, ICTSI Senior Vice President and Chief Financial Officer, attributes the success to proper structure and Page 14
T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .
International Container Terminal Services, Inc.
APRIL 2016
DO GOOD
ICTSI Foundation conducts relief operations for fire victims By Marie Bernadette de Guzman The ICTSI Foundation, in coordination with volunteers from the ICTSI CY Marine Department, Safety Department and RVV Security, organized relief operations for victims of a fire outbreak last 9 March at Barangay 12, Tondo, Manila. Foundation and employee volunteers distributed food and other relief goods to more than 187 families.
Volunteers from CY Marine, Safety, and RVV Security during the relief operations at Barangay 12, Tondo, Manila.
The ICTSI Foundation team with Barangay 12 Chairman Manuel Dela Pe単a (white shirt, center), Kagawad Alexander Morris (front row, green shirt), Barangay 12 officials, DSWD District 1 representatives, Parola day care teachers and RVV security personnel.
T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .
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PORTFOLIO DO GOOD
ICTSI Foundation announces scholar achievers for AY 2015-2016 By Francis J G. Bartolome
Several ICTSI Foundation scholars received special awards at the closing of the academic year 2015-2016, proof that hard work and dedication pay off.
The Foundation is proud of their success and congratulates them for their efforts at school. The Foundation salutes these scholars for being a good example to their fellow students: • JM Joper Dimalanta, third year Business Administration student, ranked four out of the 10 most outstanding HR students in the Philippines; • Pauline Daligdig, third year History major at the Polytechnic University of the Philippines, ranked first among the third year students in the History Department; • Vincent Salibio, Electronics and Communications Engineering freshman at the Pamantasan ng Lungsod ng Maynila, ranked first in his batch; • Daniella Amahan, Business Administration freshman at the University of Southeastern Philippines, academic excellence awardee; and
• Chrysil Joy Inso, Accounting freshman at the University of Mindanao, academic excellence awardee In addition, 24 out of 45 high school scholars were also among the top 20 academic performers in their respective schools. Julian Paul De Jesus of Raja Soliman Science and Technology High School in Tondo, Manila, and Jinky Quiapo of Labangal National High School in General Santos City, both achieved the top honors in their respective schools. A total of 120 students are currently part of the ICTSI Foundation’s academic scholarship program which started in 2010.
VICT’s annual grants program opens with a focus on positive outcomes for young people By Claire Jordan-Whillans
Victoria International Container Terminal Limited (VICT) announced the opening of its second annual Community Investment Fund grants program, inviting local not-for-profit community organizations to apply for grants of up to AU$20,000. Launching the details of this year’s grants programs, Anders Dømmestrup, VICT CEO, said, “Following the success of the first Community Investment Fund grants last year, we again look forward to receiving applications from community groups who work to positively develop youth and young people within our local communities.” According to Mr. Dømmestrup, VICT was delighted to have been able to support a range of inspiring local causes which had made tangible, positive contributions to developing young people. Last year’s grants program was highly successful in
supporting a substantial number of local not-for-profit groups including schools, youth charities, sports clubs and youth leadership programs within the cities of Port Phillip and Hobson’s Bay. MrDommestrup continues: “The health and education of young people are the focus of the VICT Community Investment Fund. We are delighted to be able to once again work closely with our neighboring communities to really create a positive impact through some great initiatives. We want our future generations to become happy, wellrounded community leaders, and this is
our way of contributing to ensure that this occurs.” Applications for the Community Investment Fund are open to not-forprofit, community organizations who meet the criteria. As much as possible, VICT wants to equitably distribute the fund to as many worthy community organizations and initiatives as possible. For this reason, grants are available in four tiers ranging from approximately AU$2,000 up to a maximum of AU$20,000.
“The health and education of young people are the focus of the VICT Community Investment Fund. We are delighted to be able to once again work closely with our neighboring communities to really create a positive impact through some great initiatives. We want our future generations to become happy, well-rounded community leaders, and this is our way of contributing to ensure that this occurs.” — Anders Dømmestrup, VICT CEO 8
T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .
International Container Terminal Services, Inc.
APRIL 2016
Bringing smiles to the angels of Bahay Tuluyan By Atty. Lirene C. Mora
March 18, 2016, 10:30 a.m. The Legal Team and I were at the upper floor of a small building located on one of the busy streets of Malate in Manila. We were in a hall with grilled windows that overlooked the roofs of the surrounding buildings. A soft breeze did little to cool the warm room, but the children did not seem to mind. Everyone was excited, hyper even. We brought toys, school supplies, kiddie bags stuffed with green monkey dolls, toiletries, books, and loot bags filled with cholates, biscuits and yummy treats. “Ate! Sa akin yung pink na doll ha! Sa kapatid ko yung violet, (Sister, I want the pink doll. The violet one is for my sister)” said a little girl as she hugged my arm. Our team was in Bahay Tuluyan as part of the ICTSI Foundation’s I Choose To Share and be Involved program. Bahay Tuluyan is a shelter managed by a non-government organization that aims to prevent and respond to abuse and exploitation of children. A home for a number of children, Bahay Tuluyan is a relatively better place compared to the streets, parks or the bay walk. One thing I noticed about the children here is that they
Ton Van Den Bosch, ICTSI Vice President and Chief Legal Advisor, hands a loot bag to one of the children at Bahay Tuluyan.
Turnover of donations to Lecyl Suson-Roja, Bahay Tuluyan Manager.
wanted to be hugged. They all wanted our attention and everyone in the team was happy to oblige. Ton, after fixing the loot bags together with Tops, conversed with kids, some of whom understand and speak English. Using his phone, Tops played a song to which the children danced to as Sharon and Shwaid cheered on. Sunshine, who was soft-spoken, surprised everyone with her loud, teacher-like voice as she asked all the children to gather at the center of the hall. I was a poor excuse of a story-teller, reading a giant book with Shwaid, Sharon and Tops who used their theatrical voices. After the storytelling, Sunshine surprised us as she sang with the kids. “Hawak kamay, di kita iiwan sa paglakbay dito sa mundong walang katiyakan.” “Hawak kamay, di kita bibitawan sa paglalakbay sa mundo ng kawalan.” (I’m by your side through the rain, though the night, every fight, in a world that has no guarantees. I’m by your side hand in hand through the days that see us laugh and cry) She was naturally good with the kids; perhaps even better than the rest of us. The highlight of the morning was the group games. We divided the team and the children into groups of four. Members of the Legal team who were supposed to be in charge of keeping their groups in order turned out to be more competitive and playful compared to the kids. Some kids laughed; some cried. Everyone was exhausted, sweaty. At the end of it all, we had fun. The children were grinning from ear to ear. The ICTSI Foundation and the Legal team turned over the book donation to the Bahay Tuluyan representatives. The kids started to line up to receive their school bags which contained toiletries, school supplies and other gifts. After the turnover, we all shared a sumptuous lunch. While eating, I sat with a girl who told me she will give the bag and gifts she received to her little sister. Her eyes welled up with tears, her tiny lips quivering a little as she narrated how she looks after her younger sibling. She told me about her dreams, of the bright future that she wants for both of them. I told her to keep praying and have faith in God. I thanked her for our brief exchange, feeling grateful for having the opportunity to spend quality time with such innocent souls. The experience gave me a fresh perspective about life, happiness and content. This experience will always remind me of the fulfillment of being able to share blessings with others, especially the less fortunate. As tears well up from the corner of my eyes, I looked down and saw the print on my shirt – ICTSI: I choose to be involved. I was so glad that I did.
Children gathered around as we started the storytelling session. T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .
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PORTFOLIO LEVEL UP
Teambuilding for Parola EcoPatrols By Marie Bernadette de Guzman
The ICTSI Foundation recently organized a team building activity for the Parola EcoPatrols, community champions of the Parola Solid Waste Management Project (PSWMP).
The two-day program was held at the Gawad Kalinga Enchanted Farm in Angat, Bulacan from 1 to 2 March. A total of 65 EcoPatrols took part in the team building activities, which aimed to strengthen team rapport, establish stronger ties between new and existing EcoPatrols, and improve the EcoPatrols’ communication and leadership skills. In her opening remarks, Filipina Laurena, ICTSI Foundation Deputy Executive Director, congratulated each EcoPatrol for a job well done. She also thanked them for supporting the Foundation’s PSWMP before revealing an upcoming livelihood project for EcoPatrols. The two-day event was capped by a tour of the farm, composting demonstration and community interaction with residents of the Gawad Kalinga village.
Third-party trainer Carlo Racelis (far right) facilitates the team building activity for the EcoPatrols.
Ms. Laurena delivers the opening remarks during the EcoPatrol team building event.
The EcoPatrols during one of the team building activities and farm tour.
Tony Meloto (center), Gawad Kalinga Founder, with the Parola EcoPatrols. Mr. Meloto also delivered an inspirational talk.
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T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .
International Container Terminal Services, Inc.
APRIL 2016
MICT Port Safety and Health Standards seminar By Sergio R. Hingzon Jr.
Fourteen personnel from C/Y Marine and Gates Operations departments attended the Port Safety and Health Standards Seminar last 16 February.
Held at the Safety Office Training Room, Wilfredo Baliwag, CY/M Superintendent, discussed safety awareness inside the terminal, importance of wearing task-specific PPEs, fundamentals of International Maritime Dangerous Goods (IMDG), climate change and its effects, earthquake emergency preparedness, fire safety and prevention, and the importance of portable fire extinguishers as tools to fight fire. Rafael Lauron, Operations Consultant, delivered the opening remarks. Below are the personnel who attended the Port Safety and Health Standards seminar: • Mark Anthony Arco • Edwin Magdaet • Patricio Loudon • Jommel Arellano • Angelito Salvador • Richard Cebu • Junrie Barrera • Michael Baldo • Jonathan Pomentil • Aldrin Bermejo • Randy Cagomoc • Christopher Torres • Herculano Cumpa Jr. • Russel Delobio
SPOTLIGHT
EKR at the 2016 Philippines Business & Investment Forum By Marie Annalie Marfil International Container Terminal Services, Inc. (ICTSI) Chairman and President Enrique K. Razon Jr., was among the speakers invited to the 2016 Philippine Business & Development Forum held at the Sheraton Times Square in New York, USA from 2 to 4 March 2016. Mr. Razon shared his views about the merits and limitations of the ASEAN economic integration, which is scheduled to take effect in 2016. The event was attended by investors, top Fortune 500 executives, representatives
of bilateral and multilateral institutions, opinion leaders and members of the international media.
Mr. Razon (center) and Ambassador John Negroponte (right), US Philippines Society Co-Chairman discuss the implications of the ASEAN on the Philippines. Tom Nagorski, Asian Society EVP, served as the moderator for the dual dialogue. Photo courtesy of InvivaLink.
ICTSI NEWSBREAK
OPC wins Chairman’s Cup International Container Terminal Services, Inc.’s (ICTSI) Honduran subsidiary Operadora Portuaria Centroamericana, SA de CV (OPC) was recently crowned as the 2015 Chairman’s Cup champion.
Now on its second year, the Chairman’s Cup recognizes the preceding year’s best-performing terminals in the ICTSI Group. The highest performing subsidiaries are selected based on their growth in revenue, earnings before interest tax, depreciation and amortization, net income, improvements in return of investment capital, and cash distribution to parent Company. This year’s circle of winners includes Pakistan international Container Terminal, first runner up, and Basra Gateway Terminal as the second runner-up. Meanwhile, Subic Bay International Terminal Corp. received an honorable mention for its improved business operation in 2015.
Enrique Razon Jr. (second from left), ICTSI Chairman and President, with 2016 Chairman’s Cup winners (from left): Capt. Zafr Iqbal Awan, PICT; Mariano Turnes, OPC CEO; and Phillip Marsham, BGT CEO.
T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .
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PORTFOLIO ICTSI NEWSBREAK
BGT phase 1 expansion completed by Q2 2016 By Sheeba Khan
Civil works at Basra Gateway Terminal’s expansion is on track for completion by Q2 2016. Phase 1, which includes the construction of a new berth equipped with two quay cranes and three rubber tired gantry cranes, will cover 200 meters of quay and an additional capacity of 300,000 TEUs. In July 2014, ICTSI, signed a contract with the General Company for Ports in Iraq to operate, develop and expand the container handling facilities at the Port of Umm Qasr. Under the concession, ICTSI will manage, operate and rehabilitate the port’s existing facility at Berth 20, and build a new container and general cargo terminal. The 10-year concession covers Berth 20, while a 26-year concession agreement covers the new container terminal under the expansion component of the project. File photo taken in March shows the quay crane assembly at BGT. The cranes are manufactured by Terex Port Solutions. Photos of Phase 1 expansion civil works.
Aerial view of the new yard and berth as of February.
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T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .
International Container Terminal Services, Inc.
APRIL 2016
MEETS AND GREETS
ICTSI Manila auditors at BGT By Sheeba Khan In March, a team of internal auditors from ICTSI Manila visited ICTSI’s offices in Dubai, United Arab Emirates and Basra, Iraq to conduct a review of Basra Gateway Terminal’s finance processes. Photo shows (from left) Catherine Castro, ICTSI Senior Manager – Audit and Compliance; Wasseem Elkhodary, BGT Chief Accountant; Jim Stewart, BGT Operations Director; Sheeba Khan, BGT Finance Performance Manager; Munther Al-Saiegh, BGT Commercial Manager and wife Gabi Munther; Phillip Marsham, BGT CEO; Hany Salama, BGT CFO; Jay D. Fernandez, ICTSI Global Audit Executive; Ivy Masong, ICTSI Accountant; and Lizlie Del Mundo, ICTSI Assistant Accountant.
ICTSI Oregon team visits BCT By David Trzyzewski A team from ICTSI Oregon in the United States recently flew to Gdynia, Poland to meet their counterparts and observe operations at the Baltic Container Terminal (BCT). The purpose of the trip is to allow ICTSI Oregon employees to learn about the operations of other terminals in the Group, as well as to exchange ideas and best practices in order to improve operating efficiencies. Feeling that this was a very good exercise, the Oregon team is exploring the possibility of implementing new ideas where appropriate.
Observing yard operations (from left): Mr. Peter, Mr. Lusk; and Brian Yockey, ICTSI Oregon Director of Labor Relations, together with Adam Detlaff, BCT Crane Operator. Oregon meets Gdynia (from left): Jason Peter, ICTSI Oregon Marine Manager; Wiktor Langa, BCT TOS Specialist; Wojciech Szymulewicz, BCT Operations Director; Jon Lusk, ICTSI Oregon Stevedore Manager; and Kelly Roby, ICTSI Oregon Terminal Manager.
Kelly Roby, ICTSI Oregon Terminal Manager, with Krzysztof Szymborski, BCT CEO. T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .
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PORTFOLIO MEETS AND GREETS
AGCT welcomes Iraqi delegation By Sheeba Khan Officers and staff of the Adriatic Gate Container Terminal in Rijeka, Croatia welcomed the arrival of delegates from the General Company for Ports of Iraq (GCPI) and senior members of the local Iraqi shipping community in March. The Iraqi delegation was interested in the scope of ICTSI’s project in Croatia, which is very similar to the ongoing greenfield project in Basra, Iraq. The delegation from Iraq was impressed with the facility at AGCT and enjoyed the Croatian hospitality. Photo shows VladoMezak (left), Port of Rijeka Authority Executive Director, during the memento exchange with Naji Al-Naji (center), GCPI Board Member, and Ahmed Saeed Ghadhban Al- Baidhani of the GCPI.
ICTSI bond wins...page 6 timing: “We adjusted the structure and timing of the perpetual securities to navigate the growing risk aversion among investors. Those adjustments resulted in our successful issuing of ICTSI’s largest bond financing to date at the lowest possible cost of capital since we accessed the global capital markets.” The latest bond issuance comes after ICTSI successfully raised US$300M of perpetual notes last January. Tweaking 14
the previous deal’s structure by adjusting the coupon step-up to its first call date rather than the second “helped the company tap an investor base that was becoming increasingly concerned about higher interest rates, but was still searching for yield,” according to IFR. “We’ve opened the market for senior perpetuals, paving the way for corporations to fund in this format in the future,” added Mr. Consing.
T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .
International Container Terminal Services, Inc.
APRIL 2016
PEOPLE
EQA, thank you for being a part of our journeys The Board of Directors, Management and Staff of International Container Terminal Services, Inc. deeply mourn the passing of Edgardo Q. Abesamis (EQA), former ICTSI Executive Vice President, on 17 March 2016 at the age of 73. Mr. Abesamis was a Company pioneer who was key to the rise of ICTSI both in the Philippines and abroad. His dedication and loyalty to the Company are immeasurable. The stewardship and shepherding he provided Management ensured the integrity of the Company. He was a mentor, a role model and a beloved friend. He will be missed, but never forgotten. The ICTSI Group condoles with the family he left behind: wife Susan, children Kay and Frederik, Oscar and Sha-Le, Rene and Nadia, and Tina; and grandchildren Enzo, Jaron, Skye, Yumi, Maya, Karl and Elise. Edgardo Q. Abesamis 3 January 1947 – 17 March 2016 Former ICTSI Executive Vice President
Movements – March New Hires Allan P. Almero Eric S. Escobar Baltazar B. Consulta Jr. Alfonso C. Parreño Jafit C. Peñafiel Ruel M. Rodriguez Aristeo C. Saez Ricardo F. Salvacion Jordanne M. Sison Edgar D. Soliva Marvin S. Tingson Joel B. Lopez Earl Radie A. Ragudo Allan D. Martinez Jerome M. Reyes Joel S. Gonio Rommel S. Pascual Jerrick A. Austria Efren Ryann Abado
Financial Reporting Manager, Global Corporate Controllership Corporate Driver, COB-Aviation GPW on call, CY Marine GPW on call, CY Marine GPW on call, CY Marine GPW on call, CY Marine GPW on call, CY Marine GPW on call, CY Marine GPW on call, CY Marine GPW on call, CY Marine GPW on call, CY Marine PMO on call, CY Marine PMO on call, CY Marine PMO on call, CY Marine PMO on call, CY Marine PMO on call, CY Marine PMO on call, CY Marine PMO on call, CY Marine SBITC
Regularizations / Promotions Ericsel Demillo Regularized, SBITC Marlon Famisan Regularized, SBITC Jerry Miral Promoted to RSO, SBITC Jonathan Muli Promoted to QCO, SBITC Ernie Reyes On call Stevedore, SCIPSI Elson Tiolo On call Stevedore, SCIPSI Jessie Balanga-an On call Stevedore, SCIPSI Edgar Niel Soriano On call Stevedore, SCIPSI Rolando Ebo On call Stevedore, SCIPSI Renz Marrion Blancaflor On call Winchman, SCIPSI
Retirements / Resignations Raymond A. Azuelo Equpment Control Assist, OP Planning Judy C. Patron Electrician, MES ElmerL. Estrada Technician, CMS Sonny B. Baguna PMO, CY Marine Raymond D. Barre PMO, CY Marine Erish D. Basan PMO, CY Marine Adrian J. Andico PMO, CY Marine Robelito M. Osorio PMO, CY Marine Noel R. Daep PMO, CY Marine Marinio M. Soriano PMO, CY Marine Jerico C. Pablo PMO, CY Marine Ariel L. Saluta PMO, CY Marine Dave Allan R. Gonzales PMO, CY Marine Mark P. Locsin PMO, CY Marine Ferdinand D. Melegrito Equipment Cleaner, MES Romeo S. Ferrer GPW, CFS Operations Jappasco M. Alagao GPW On call, CY Marine Marvin D. Dela Cruz GPW On call, CY Marine Romulo P. Claridad Jr. GPW On call, CFS Operations Jose Boy Rigor a. Alvarez Signalman, Anchorage Domingo T. Cirera Signalman, Anchorage Danilo P. Agudo Jr. Stevedore, Anchorage Marloue B. Villalobos BIPI Aldrin M. Acuzar BIPI Lorevin Evangelio CY Foreman, SCIPSI Dante Gargolis On call Stevedore, SCIPSI
T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .
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PORTFOLIO
PORTFOLIO
PortFolio is published by International Container Terminal Services, Inc. for its employees, clients, and friends.
PEOPLE
NARLENE A. SORIANO EDITOR-IN-CHIEF
Birthdays for May 1 Oliver Lacap Robinson Monterozo Rolando Rañola Rey Francis Marigon, SCIPSI 2 Orven Carmona Lodegario Castor Jr., SCIPSI 3 Epefanio Berre Mylene Icalla John Lito Lugod Ricti Montañano Belle Lucero, BIPI 4 Jennifer Ang Renato Cajayon Ellaine Pescuela, SCIPSI 5 Manny Balaoro Rommel Bechayda Edwin Buan Romeo Mangalus Sr. Thomas Peter Goodwin Mao Paredes Delfin Pomarca Jr. 6 Andreo De Quiroz Anthony Dy Albert Villanueva 7 Christopher Espera Rene Logronio Randy Verocil 8 Fruzzel Paul Dianzen Danilo Magat Sherwin Sanchez Edgardo Bautista, SCIPSI 9 Danny Belano Delio Caber Romeo Estabaya Samuel Gayas Fidel Orcullo, SCIPSI 10 Vicente Campillo Angeli Marris Cuevas Rodillo Irac Michael Javier Merly Loza Marvin Martinez Mark Ailo Ramos Eduardo Alabastro, Jr., BIPI
11 Ricardo Bayona Rogelio Hingzon Michael Quijano 12 Ruben Campillo Harvard King Coyoca, SBITC Leo Jahdiel Villan, BIPI 13 Salvador Cantoja Rolando Espinas Michael Ignacio Edgardo Arisgado, SCIPSI 14 Paolo Miguel Racelis Edward Rancapero, SBITC Jose Hans Polido, SCIPSI Marvin Rey Biron, SCIPSI 15 Romulo Ariñavo Alexander Ayuson William Gulane Ricardo Paglinawan Sandro Perez Darren James Saligue John Sumampong Marvin Buenconsejo, BIPI 16 Ricky Gonzales Jr. Annabelle Reyes Simon Abando Jr., BIPI 17 Glennard Aguilar Macario Arzaga Felipe Espinosa Joey Mores Jaythree Tayag Jessie Todoc Ernesto Alcazar, SBITC Artemio Alanza, SCIPSI Leopoldo Dorin Jr., SCIPSI Salvador Torrefranca, SCIPSI 18 Mario Echevarria Loreto Locañas, SCIPSI Kevin Bayona, SCIPSI 19 Joefren Ramirez Mary Jane Beron, SCIPSI 20 Domingo Dela Cruz Jr. Gerard Angelo Emilio Festin Allan Jasojaso Malou Jolejole Ruel Paredes Marjon Trongco, SCIPSI
JUPITER L. KALAMBAKAL MANAGING EDITOR
21 Tito Dacca Jr. Randy David Dayday Torres Romil Turbanos, SCIPSI 22 Ramie Agnes Benjamin Blasé Christian Dagsaan Florentino Gas Robert Jocson, SBITC 23 Danilo Bruza Haje Cuaterno Dennis Suriba 24 Andrea Dawal 25 Erick Manzano Pepito Sanchez Alene May Gallardo, SBITC Herlyn Gutierez, SCIPSI Millard Diaz, SCIPSI 26 Arvin Abuan Felipe Baldos Ruel Malipot Larry Esguerra, SCIPSI Florante Capatid, SCIPSI 27 Cesar Azul Ruben Bongco Michael Fernando Raldy Lido 28 Leonilo Gabral Sally Inonog Danny Peliño 29 Michael Babaran Jesus Tristeza Jr. Karen Joy Bejarin, SCIPSI 30 James Paul Adula Wilfredo Baliwag Sr. Marlon Besa Ben Nuguit Patricia Marie Rebong Ron Bejarin, SCIPSI 31 Luis Belano Froilan Magtalas Evangeline Musni JP Siat Encie Urdaneta Alfredo Bangcaya, SCIPSI
DENNIS T. SURIBA ASSOCIATE EDITOR RESEARCHERS ZINNO NICCOLO B. GUDEZ MARIE ANNALIE T. MARFIL PAOLO MIGUEL S. RACELIS JUSTINO RAMON L. TAYAG III RONNEL P. JAVIER PHOTOGRAPHERS DEXTER F. LANDICHO EDWARD R. MILAG JOHN PAOLO C. SIAT PHILIPPINE CORRESPONDENTS MANILA ALBERT JOSEPH R. CANCERAN MARIE BERNADETTE C. DE GUZMAN MA. CONCEPCION M. DIZON ROSE A. LOBRIN RICARDO D. PAREDES PAULO CARLO C. PEÑALBA JESTONIE V. VINSON FRANCIS J ALGERNON G. BARTOLOME JOY E. LAPUZ SUBIC OLGA C. URETA JULIUS DEL ROSARIO LAGUNA ANNIE MAGSINO BATANGAS BELLE LUCERO DAVAO CITY CHIARA MAY C. ATIS GEN. SANTOS CITY REJAMNA JUBELAG MISAMIS ORIENTAL FRANCIS PADUGANAN INTERNATIONAL CORRESPONDENTS ARGENTINA MAGDALENA RIANI AUSTRALIA CLAIRE JORDAN-WHILLANS BRAZIL FABIANA SOUZA CHINA SEAN XIE MICHAEL QI CROATIA IVA ROMAN ECUADOR KATTY OSSA BIANCHI GEORGIA KETEVAN ORAGVELIDZE BENJAMIN ROSARIO IRAQ SHEEBA KHAN MADAGASCAR MICHAEL RATRIMO MEXICO LORENA VALERO PAKISTAN ARIF RAZA SYED IMRAN MOOSA POLAND MICHAL KUZAJCZYK USA DAVID TRZYZEWSKI If you wish to receive a copy of the PortFolio, please write, call or e-mail us at: Public Relations Office, ICTSI Administration Bldg. Manila International Container Terminal, MICT South Access Road Port of Manila, 1012 Manila, Philippines Telephone: +632 / 245 4101 E-mail: dsuriba@ictsi.com URL: www.ictsi.com/media-center/newsletters/
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T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r Te r m i n a l S e r v i c e s , I n c .