Connect with us

Hi, what are you looking for?

Economy

ICTSI’s new service links Mindanao to Asia, Middle East

TWO vessels operate the service covering the Singapore-Cebu-Cagayan-Singapore route. — ICTSI.COM

LISTED port operator International Container Terminal Services, Inc. (ICTSI) on Thursday said it had launched a service that connects Visayas and Mindanao (VisMin) to Asia and the Middle East.

“Mindanao Container Terminal (MCT) welcomes the new year strong with the launch of Regional Container Line’s South Philippines 6 (RSP6) service that connects the Philippines’ Visayas and Mindanao regions to Asia and the Middle East via Singapore,” ICTSI said in an e-mailed statement.

ICTSI said the fixed-day weekly service made its first port call to its port terminal in Mindanao on Dec. 19.

Two vessels operate the service covering the Singapore-Cebu-Cagayan-Singapore route, ICTSI noted.

“The vessels turn in Singapore, which serves as a transhipment hub and provides competitive connections from Cebu, Cagayan de Oro, and Zamboanga to other Southeast Asian markets, the Indian subcontinent and the Middle East, while additionally serving the markets further north such as China and South Korea,” it added.

The company said the new service will aid farmers, manufacturers, and other producers in the country.

MCT General Manager Roberto Locsin said, “Now, more than ever, local businesses need help to bounce back, and the new service line will undoubtedly give them the boost they need.”

PHIVIDEC Industrial Estate Administrator and Chief Executive Officer Jose Gabriel la Viña was quoted as saying: “For the city of Cagayan de Oro and the rest of Misamis Oriental, the new service strengthens our position as a major agro-industrial exporter.”

“The availability of a regular and predictable service to a major international hub also presents opportunities for entrepreneurs and industries to move up the value chain. This could only mean higher incomes, more jobs, and a more comfortable life for our people,” he added. — Arjay L. Balinbin

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Latest

Investing

Deliveroo scored a fresh victory in the legal fight for its riders to be recognised as self-employed yesterday when the Court of Appeal ruled...

Investing

Foreign holidays in the Balearic islands, Malta and Madeira were given the go-ahead last night despite threats from the European Union to close the...

Economy

A modern take to a classic – express yourself with the newest Suzuki sub-compact SUV Suzuki Philippines Inc. (SPH), the country’s pioneer compact car...

Economy

CDO Foodsphere stands out as one of the enterprises that have been actively helping the country during the COVID-19 pandemic. The company serves as...

Economy

THE BANGKO Sentral ng Pilipinas (BSP) kept its key interest rate at a record low for a fifth straight meeting on Thursday, as it...

Economy

S&P GLOBAL RATINGS lowered its 2021 growth forecast for the Philippines to 6% on Thursday, as low public mobility amid the coronavirus pandemic continues...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Economy

THE Securities and Exchange Commission (SEC) has warned the public from investing or to stop any investment in a group named Maxxprofit Computer Trading...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!