November 2016 portfolio philippine edition

PORTFOLIO NOVEMBER 2016 • The Official Publication of International Container Terminal Services, Inc.

SBITC opens first CFS in Central Luzon

PORTFOLIO

International Container Terminal Services, Inc.

NOVEMBER 2016

ICTSI OPERATIONS

TABLE OF CONTENTS

COVER STORY 4 SBITC opens first CFS in Central Luzon

SHIP AHOY 6 MICT services KMTC Incheon on maiden call

MAKING THE LIST 6 EKR receives Global Excellence Award 2

SPOTLIGHT 6 CRG at the BDO Nomura Market Outlook Forum

ICTSI NEWSBREAK 7 ICTSI 9M2016 net income up 4% to USD 141.9M; 53% higher at USD 54.6M in 3rd quarter

SCHOLARS’ CORNER 8 ICTSI scholars featured in NEU’s Passport

DO GOOD 9 ICTSI Foundation aids children with special needs

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 .

10 ICTSI Foundation, BIPI conduct medical and dental mission

11 ICTSI Foundation sponsors character formation and classroom management for Bauan Technical High School teachers

11 ICTSI-PNP Delpan sign MOA for rehabilitation of community precinct

WORK AND PLAY 12 Trick-or-Treat at ICTSI

ICTSI NEWSBREAK 13 Basra Gateway Terminal wins Seatrade Middle East Award GEARING UP 13 BGT orders heat-resistant computers

ICTSI NEWSBREAK 14 PICT, KMTC sign exclusive deal

MEETS & GREETS 14 Pakistan Army College officials visit PICT

MEETS & GREETS 16 ZPMC executives visit MICT

PEOPLE 15 October movements and resignations 14 YICT receives Integrated Management System certification

15 November Celebrants 16 December Celebrants

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

International Container Terminal Services, Inc.

NOVEMBER 2016

COVER STORY

S

SBITC opens first CFS in Central Luzon

ubic Bay International Terminal Corporation (SBITC) recently opened its Dock Container Freight Station (CFS) at the New Container Terminal 2 (NCT 2) of the Subic Bay Freeport in Zambales.

Inaugurated last 7 November, the CFS is the first and only facility of its kind to serve the Central Luzon Market. Roberto Locsin, SBITC General Manager, led the ribbon-cutting and welcomed partners from Subic Bay Metropolitan Authority, Bureau of Customs, and ECU Worldwide.

“For the past two years, we have been working to improve our services here in Subic to attract more clients. We have the strategic location, manpower and infrastructure to sustain the market in Manila and the growing trade in Central Luzon. With the completion of the CFS, SBITC adds more value to the services we offer,” said Mr. Locsin.

The facility, which houses an import and export, dangerous goods and customs area, is capable of stuffing and stripping eight containers simultaneously.

SBITC also commissioned a pair of new Jung Heinrich DFG 435 forklifts, which will be used for CFS operations.

Inside the CFS

At the ribbon cutting (from left, front row): Emie Balois, ECU World Assistant General Manager; Mar Sanqui, Subic Bay Metropolitan Authority Senior Deputy Administrator; Marvin Diño, SBMA Office of the Chairman Chief of Staff; Jerome Martinez, Subic Bay Metropolitan Authority General Manager; Randy Escolango, Subic Bay Metropolitan Authority Administrator, Mr. Locsin; Kaushal Shetty, ECU World Country Manager; and Atty. Ernelito Aquino from the Bureau of Customs.

Located at the NCT-2 premises, SBITC’s container freight station is the first and only facility of its kind in Central Luzon. With the facility completed, SBITC looks to attract more customers to Subic.

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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 .

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

NOVEMBER 2016

SHIP AHOY

ICTSI NEWSBREAK

ICTSI 9M2016 net income up 4% to USD 141.9M; 53% higher at USD 54.6M in 3rd quarter

MICT services KMTC Incheon on maiden call KMTC Incheon made its maiden call at the Manila International Container Terminal (MICT) last 25 October. Docked at Berth 5, the 193-meter long container vessel is part of KMTC’s Korea – Manila – Ho Chi Minh (KMH) service. Arthur Valdez and Ronaldo Martin, MICT Operations Assistant Managers (1st and 2nd from the left, respectively) presented a commemorative plaque to Captain Jong Chol Park, KMTC Incheon Vessel Master. They are joined by Fernando Navarra Jr., Southern Star Agencia Maritima Inc. President & CEO; Dino Navarra, Southern Star Agencia Maritima Inc. General Manager; and Jaime Bartolome Sr., Southern Star Agencia Maritima Inc. Operations Manager.

• 9M2016 throughput grew 12% to 6.4 million TEUs • 9M2016 revenues increased 5% to USD 835.0 million • 9M2016 EBITDA improved 15% to USD 390.3 million For the nine months ended September 30 (in million USD, except Earnings per share data) Gross Revenues Net Income

EKR receives Global Excellence Award The International Chamber of Commerce Philippines (ICCP) conferred the Global Excellence Award to Enrique K. Razon Jr., International Container Terminal Services, Inc. (ICTSI) Chairman and President, during the 42nd Philippine Business Conference Awards ceremony held recently at the Marriott Grand Ballroom in Pasay City. Mr. Razon, along with other local business tycoons, was cited for helping improve the local and international competitiveness of Philippine business, and contributing to the country’s inclusive growth and development.

Photo shows (from left) Ramon M. Lopez, Department of Trade and Industry Secretary; Carlos G. Dominguez III, Department of Finance Secretary; His Excellency Rodrigo R. Duterte, Philippine President; Mr. Razon; and Joey Concepcion, Asean Business Council incoming Chairman.

SPOTLIGHT

CRG at the BDO Nomura Market Outlook Forum Christian R. Gonzalez, ICTSI Senior Vice President and Regional Head of Asia-Pacific & MICT, was one of the panelists at the BDO Nomura Market Outlook Forum last 24 October at the Conrad Manila Hotel Grand Ballroom. During the panel discussion, Mr. Gonzalez stressed the need for the Philippines to take advantage of foreign direct investments from neighboring Japan and China in order to assert itself as the region’s new epicenter for manufacturing and commerce, which would in turn create local jobs.

At the BDO Nomura Market Outlook Forum (from left): Cathy Yap-Yang, Business Nightly, Market Edge and The Boss Lead Anchor; Ferdinand Constantino, San Miguel Corporation Senior Vice President and Chief Finance Officer; Isidro Consunji, DMCI Holdings Chairman & President; Hon. Benjamin Diokno, Philippine Department of Budget and Management Secretary; Mr. Gonzalez; and Eduardo Francisco, BDO Capital & Investment Corporation President.

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 .

Earnings per share Basic

Diluted

9M 2015

9M 2016 % Change

USD 792.0 USD 835.0

EBITDA

Gross Revenues

5%

Net Income

390.3

15%

136.2

141.9

4%

0.055

0.052

-6%

0.055

150.8

0.052

For the quarter ended September 30 (in million USD, except Earnings per share data)

5%

339.5 143.7

Net Income Attributable to Equity Holders

MAKING THE LIST

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International Container Terminal Services, Inc.

-6%

EBITDA

Net Income Attributable to Equity Holders Earnings per share Basic

Diluted

3Q 2015

3Q 2016 % Change

USD 239.9 USD 284.2

18%

102.1

132.9

35.8

54.6

53%

0.013

0.022

66%

38.0

0.013

58.2

0.021

30% 53%

66%

International Container Terminal Services, Inc. (ICTSI) recently reported unaudited consolidated financial results for the first nine months of 2016, posting revenues from port operations of USD 835.0 million, an increase of five percent over the USD 792.0 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of USD 390.3 million, 15 percent higher than the USD 339.5 million generated in the first nine months of 2015; and net income attributable to equity holders of USD 141.9 million, up 4 percent from the USD 136.2 million earned in the first three quarter of the previous year. Net income attributable to equity holders increased primarily due to the volume and revenue growth tapered by higher depreciation and amortization expenses and lower capitalized borrowing costs related to Tecplata S.A. (“Tecplata”), the Company’s new terminal in Buenos Aires, Argentina, and higher interest expense from higher average loan balance. Excluding the effect of new terminals and projects, consolidated net income attributable to equity holders would have increased by 28 percent. Diluted earnings per share for the period was six percent lower at USD 0.052, from USD 0.055 in 2015.

For the quarter ending 30 September 2016, revenue from port operations increased 18 percent from USD 239.9 million to USD 284.2 million, while EBITDA was 30 percent higher at USD 132.9 million from USD 102.1 million. Net income attributable to equity holders was up 53 percent from USD 35.8 million to USD 54.6 million in 2016 mainly due to the strong volume and revenue growth across all three of the Company’s geographic segments tapered by higher depreciation and amortization expenses and lower capitalized borrowing costs at Tecplata in Argentina, and higher interest and financing charges arising from higher average loan balance.

Excluding new terminals and projects, consolidated net income attributable to equity holders would have increased by 72 percent. Diluted earnings per share for the quarter increased 66 percent, from USD 0.013 in 2015 to USD 0.021 in 2016.

ICTSI handled consolidated volume of 6,435,192 twenty-foot equivalent units (TEUs) in the first nine months of 2016, 12 percent more than the 5,768,248 TEUs handled in the same period in 2015. All three of the Company’s geographic segments in Asia, EMEA and Americas continued to post positive volume growth for the third consecutive quarter. The increase in volume was mainly due to new shipping lines and services, improvement in trade activities in most of the terminals in the Asia region and the continuing ramp-up at ICTSI Iraq. For the quarter ending 30 September 2016, total consolidated throughput was 15 percent higher at 2,170,559 TEUs compared to 1,880,118 TEUs in 2015. It was the second consecutive quarter of double digit volume growth at all of the Company’s three geographic segments.

Gross revenues from port operations for the first nine months of 2016 increased five percent to USD 835.0 million from USD 792.0 million reported for the same period in 2015. The increase in revenues was mainly due to volume growth at most of the Company’s terminals, tariff rate adjustments and new contracts with shipping lines and services at certain terminals, and the continuing ramp-up at ICTSI Iraq. This, however, was partially offset by unfavorable container volume mix and lower noncontainerized and storage revenues at certain terminals. For the third quarter of 2016, gross revenues increased 18 percent to USD 284.2 million from USD 239.9 million in 2015. All three of the Company’s geographic segments in Asia, EMEA and Americas posted double digit revenue growth in the third quarter of 2016.

Consolidated cash operating expenses in the first three quarters of 2016 was

down five percent to USD 310.1 million from USD 326.6 million in the same period in 2015. The decrease was mainly due to the improved operational efficiencies resulting to lower costs of repairs and maintenance, lower fuel and power consumption, combined with lower global fuel prices; the implementation of the company-wide cost optimization initiatives; and lower variable cost at ICTSI Oregon (IOI) in Portland, Oregon, USA. The reduction in cash operating expenses was tapered by increase in variable manpower costs as a result of increase in volume and the cost contribution of new terminals and projects.

Consolidated EBITDA for the first nine months of 2016 increased 15 percent to USD 390.3 million from USD 339.5 million in 2015 mainly due to strong revenue growth combined with lower operating costs and effective cost optimization initiatives.

Consequently, consolidated EBITDA margin improved to 47 percent in the first nine months of 2016 from 43 percent in the same period the year earlier.

Consolidated financing charges and other expenses for the first three quarters increased 38% from USD 48.6 million in 2015 to USD 66.8 million in 2016. The increase was mainly due to slightly higher average loan balance and lower capitalized borrowing costs due to the cessation of the capitalization of Tecplata’s borrowing cost, unfavorable translation impact of certain currencies against US dollar in 2016, and the recognition of solidarity contribution tax and provision for claims at Contecon Guayaquil S.A. (CGSA) in Guayaquil, Ecuador.

Capital expenditures for the first nine months of 2016 amounted to USD 297.9 million. Excluding capitalized borrowing costs and expenses, capital expenditures amounted to USD 273.0 million, approximately 65 percent of the USD 420.0 million capital expenditure budget for the full year 2016. The established budget is mainly allocated for the completion of the initial stage of the Company’s new container terminals in Australia, Democratic Republic of the Congo and Iraq, and the continuing development of the Company’s projects in Honduras and Mexico. In addition, ICTSI invested USD 50.1 million in the development of Sociedad Puerto Industrial Aguadulce S.A. (SPIA), its joint venture container terminal development project with PSA International Pte Ltd. (PSA) in Buenaventura, Colombia. The Company’s share for 2016 to complete the initial phase of the project is approximately USD 60.0 million.

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

International Container Terminal Services, Inc.

NOVEMBER 2016

SCHOLARS’ CORNER

ICTSI scholars featured in NEU’s Passport ICTSI Foundation scholars Marlito Soriano and Charmille Coleen Dizon have been making the most of their stay at Northeastern University in Boston Massachusetts. As Global Student Mentors (GSM), Marlito and Coleen were recently featured in Passport, NEU's brochure for incoming international freshmen students.

GSMs guide international students to help them navigate through the academic and social life at NEU. They offer social, academic and educational support through pre-arrival communications, international orientation, peer mentoring, workshops, networking and other activities.

Coleen is a peer tutor in Dynamic Earth, Chemistry and Writing. A member of the Husky Volunteer Team, she plays an active role in NEU’s Center for Community Service.

Marlito, on the other hand, is an apprentice leader for International Group Investigating God. He is a member of NEU Barkada, the university’s Filipino Student Association.

Heading into their second year at NEU, Marlito and Coleen have adapted incredibly well to the university’s academic environment. Both have consistently made it to the Dean’s List since their freshman year, and are part of the panel who shared their NEU student experience with international visitors back in July.

DO GOOD

ICTSI Foundation aids children with special needs

By Marie Bernadette C. de Guzman

The ICTSI Foundation, in partnership with Bauan International Port Inc. (BIPI), recently donated learning materials for 42 special children enrolled at Bauan East Central School and Manghinao Elementary School in Bauan, Batangas. The learning materials will contribute to the social and life skills of the children, most of whom have autism and Down syndrome. The initiative supports the Department of Education’s Inclusive Education policy.

Turnover of donations (from left): Ferdinand Magtalas, BIPI Terminal Manager; Joy Lapuz, Foundation ICTSI Foundation Program Operations Manager; Filipina Laurena, ICTSI Foundation Deputy Executive Director; Joel Lubis; Department of Education – Bauan District Supervisor; and Eloida Dimatulac, Poblacion 3 Barangay Chairwoman.

Learning materials donated to help children with special needs

A special child excitedly inspects the gifts.

ICTSI Foundation officers with the children

Children and parents sing during an intermission number.

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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 .

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

International Container Terminal Services, Inc.

NOVEMBER 2016

DO GOOD

ICTSI Foundation, BIPI hold medical, dental mission

By Marie Bernadette de Guzman More than 450 indigent residents of Barangay Aplaya in Bauan, Batangas benefitted from the medical and dental mission spearheaded by the ICTSI Foundation and Bauan International Port Inc. (BIPI) last 25 October. The activity is part of the Foundation’s initiatives to support the communities hosting ICTSI ports.

The medical mission in progress in Barangay Aplaya, Bauan Batangas

ICTSI Foundation sponsors character formation and classroom management for Bauan Technical High School teachers

By Marie Bernadette de Guzman The ICTSI Foundation organized last 16 October a two-day character formation and classroom management seminar for 133 teachers of Bauan Technical High School (BTHS) as part of the Foundation's Project TEACH (Teacher Empowerment and Capability Honing).

The seminar discussed improving the school’s learning environment, prevention of bullying and effective strategies to handle the current generation of students. Project TEACH aims to help public school teachers in schools hosting ICTSI terminals become more effective educators through trainings and seminars.

Participant-teachers from Bauan Technical High School

Emmanuel Rentoy, Character Formation and Classroom Management expert, facilitated the two-day seminar

ICTSI-PNP Delpan sign MOA for rehabilitation of community precinct

By Joy Lapuz

Volunteer physicians, dentists and nurses who spearheaded the Foundation’s Gamutan sa Pantalan

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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. (ICTSI), through its corporate social responsibility arm, ICTSI Foundation, Inc., pledged support for the rehabilitation and facility improvement of the Delpan Police Community Precinct 2, in Tondo, Manila. A Memorandum of Agreement (MOA) for this project was signed by Christian R. Gonzalez, ICTSI Senior Vice President, Asia-Pacific Regional Head and ICTSI Foundation President together with local police officers. Photo shows (from left) Police Superintendent Arnold Thomas C. Ibay, PCP Station 2 Commander; Police Chief Inspector Rexson G. Layug, PCP Commander; Mr. Gonzalez; and Narlene A. Soriano, ICTSI Public Relations Director and ICTSI Foundation Executive Director, during the MOA signing last 24 October.

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

International Container Terminal Services, Inc.

NOVEMBER 2016

WORK AND PLAY

ICTSI NEWSBREAK

Trick-or-Treat at ICTSI In celebration of the Halloween tradition, the ICTSI Global HR Department organized a simple get-together last 28 October. Employees dressed up for Halloween, with the best in costume winning prizes. Some also brought their children with them for a little bit of trick-or-treating around the office. Here are some of the scenes during the event along with the best-dressed employees for Halloween.

Basra Gateway Terminal wins Seatrade Middle East Award

Basra Gateway Terminal (BGT), International Container Terminal Services, Inc.’s (ICTSI) Iraqi unit operating at the Port of Umm Qasr, was recently conferred the “Contribution to the Development of the Regional Maritime Cluster Award” at the 2016 Seatrade Maritime Awards for the Middle East, Indian Subcontinent, and Africa.

From left: Bryan Peter Garcia, IT Audit Executive; Arlyn McDonald, Finance Reporting Director; Christian Grace Sales, Project Scheduler; Lisa Escaler, Vice President and Head of Global Corporate HR; Hannah Lukosavich, Interim Chief Information Officer; and Jerico Matawaran, Risk Enterprise Manager. Ms. Sales, Mr. Garcia and Mr. Matawaran are the winners for the best Halloween costume.

Global Corporate Audit & Compliance Department dressed up as characters from the video game Super Mario.

Global Corporate Human Resources Department with their Harry Potter costumes

Global Corporate Affairs & Governance, Global Corporate Insurance and Global Corporate Investor Relations Departments

“We are proud to have been given this recognition by Seatrade. BGT has been very successful in Umm Qasr and at this rate, there’s already a visible positive impact to regional trade.

With the completion of our first terminal expansion a couple of weeks ago, we’re looking to play a bigger economic role in the region,” says Hans-Ole Madsen, ICTSI Senior Vice President and Regional Head for Europe, Middle East and Africa.

Last month, ICTSI inaugurated BGT’s USD130 million first phase expansion, which adds a 200-meter berth and 300,000TEU annual capacity to the terminal. At full build, the new terminal area will feature 600 meters of quay and 50 hectares of storage space.

“This award is an important milestone for us. It is a great source of pride considering the speed by which we completed this new terminal after operating for only two years at the old terminal,” says Phillip Marsham, BGT Chief Operating Officer.

Held at the Palm in Dubai, the annual awards aims to promote significant contribution and pioneering advancements across the maritime and shipping world.

BGT is thus poised to become Iraq’s first port facility capable of servicing 300-meter container vessels. This will be a game changer resulting in increased efficiency, reduced transportation costs, and seamless trade movement between Iraq and the rest of the Gulf region.

In 2014, ICTSI signed a contract with the General Company for Ports of Iraq to operate, develop and expand the container

handling facilities at the Port of Umm Qasr. The contract includes a 10-year concession covering Berth 20, and a 26-year concession that includes the construction of a new terminal under the expansion component of the project.

Phillip Marsham (center), BGT Chief Executive Officer, accepts the Seatrade Middle East award from Abdullah Bin Touq (left), Dubai Maritime City Authority Maritime Inspection Senior Manager; and Chris Hayman, Seatrade Communications Chairman.

GEARING UP

BGT orders heat-resistant computers Global Corporate Controllership Department MICT Finance Department

COB - Administrative Services

Global Corporate Information Technology Department 12

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 .

Basra Gateway Terminal (BGT), Iraq’s premier container and multi-purpose cargo-handling facility at the Port of Umm Qasar, has partnered with JLT Mobile Computers for the supply of heat-resistant mobile computers to ensure the uninterrupted movement of containers during the extreme Middle-Eastern summer temperatures.

Last October, JLT Mobile Computers turned over 50 units of the JLT VERSO(TM) 12 to BGT, the third terminal in the ICTSI Group to use the heat-resistant computers after successful integrations at Baltic Container Terminal (BCT) in Gdynia, Poland, and Batumi International Container Terminal (BICT) in Batumi, Georgia. The delivery comes after BGT inaugurated the first phase of its expansion facility. Prior to the opening of the expansion, JLT also delivered 50 VERSO 12 rugged mobile computer units for integration with reach stackers, terminal tractors and forklifts.

All computers are used with Navis N4

terminal operating system.

“Basra Gateway Terminal has one of the harshest operating environments for a port terminal in the world,” explains Sebastiano Cerneka, ICTSI Europe and Middle East Regional IT Head. “This summer, we recorded a temperature of 53°C, the hottest in the Western Hemisphere. During that time, the JLT VERSO 12 computers, which are not used in air-conditioned environments, kept working. Being able to rely on JLT’s VERSO 12 rugged mobile computers means we can continue to meet the needs of shipping lines and cargo shippers despite the extreme

weather and temperatures we experience as a matter of course.”

The VERSO 12 computer runs on Intel® Atom Quad Core(TM) Series processor, and is the latest generation of high-performance vehicle-mounted PCs developed from the ground up by JLT. It is designed for use in the harshest environments and for business-critical functions. The entire VERSO product range has been validated to work on ports and terminals running on Navis N4 TOS. JLT Mobile Computers is a leading developer of rugged mobile computers for demanding environments.

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

NOVEMBER 2016

ICTSI NEWSBREAK

By Arif Raza

International Container Terminal Services, Inc.

PEOPLE

PICT, KMTC sign exclusive deal

Pakistan International Container Terminal (PICT) has signed a long-term partnership agreement with South Korean shipping line Korea Maritime Transport Co. Ltd.

Under the deal, KMTC will exclusively utilize PICT’s port services for the next four years.

“Our partnership with KMTC will benefit KMTC’s clients and our stakeholders here in Karachi. We are honored that KMTC has chosen to work exclusively with PICT,” said Exclusive partnership (from left): Capt. Awan; Capt. Zafar Iqbal Awan, PICT Chief Executive Officer.

Khurram Aziz Khan, PICT Chief Operating Back in July, KMTC launched its Asia Indian Subcontinent (AIS) service in Karachi Officer; Jun Jae Song, Hyun Yong Chung and with a productivity of 2,600 TEUs per call. The AIS service runs the following port Jong Rae Lee of KMTC. rotation: Qingdao, Kwangyang, Busan, Ningbo, Shekou, Singapore, Port Klang, Nhava Sheva, Mundra, Karachi, Port Klang, Hong Kong, and Qingdao.

With more than half a century of full liner service logistics knowledge, KMTC is steadily building its vessel fleets to widen its service boundaries and fulfill customer needs.

October movements and resignations New Hires Nok Him Lam Jeffrey Graves Lyanne M. Guillermo Jaime F. Gatche Jr. Dexter O. Mandap Reymond N. Malabarbas Jerson M. Talabucon John Carlo D. Palop Sebastian O. Lawag Jr. Felix Lizardo Joel Peñaranda Rico Tuya Jill Marie Lim

Flight Scheduler & Operations Coordinator, COB Aviation Maintenance Engineer, COB Aviation Finance Officer, Global Corporate Controllership GPW on call, CY Marine Operations Hatch Clerk, Operations – Execution Hatch Clerk, Operations – Execution Hatch Clerk, Operations – Execution Hatch Clerk, Operations – Execution Hatch Clerk, Operations – Execution On-call Operator, SCIPSI On-call Operator, SCIPSI On-call Operator, SCIPSI Management Rotation Officer, SCIPSI

YICT receives Integrated Management System certification

By Michael Qi

Yantai International Container Terminal has achieved official BSI Integrated Management System certification September after two years of hard work in quality and systems improvement.

The certified Integrated Management System includes three management systems, namely: Quality Management System QMS-ISO9001-2015, Occupational Health & Safety Management System OHSAS-ISO18001-2007 and Environmental Management System EMS-ISO10041-2015.

YICT expects to benefit from the systems improvement and looks forward to convert these benefits into tangible long-term value for its customers.

MEETS & GREETS

Pakistan Army College officials visit PICT

By Arif Raza

Pakistan International Container Terminal (PICT) hosted an educational tour for Pakistan Army College personnel last 2 November. The 40-member delegation, which included senior ranking officers, is part of the college’s Logistic Supply Chain Department.

Imran Moosa, PICT Commercial Manager, delivered a brief presentation about the Company’s overall performance.

The session was very responsive and delegates welcomed the opportunity to understand and appreciate PICT’s work environment and safety culture.

“PICT is committed to broadening the horizon of Pakistan’s armed forces,” says

Mr. Moosa. “We are willing to provide support and assistance to them in all matters of national interest.”

The presentation was followed by a terminal tour headed by Shujaat Husain, PICT Planning Manager, and Junaid Qureshi, PICT Operations Manager, who explained the terminal’s operational processes.

Apologia The PortFolio team would like to acknowledge the following errors in the October issue of the Local newsletter: 1. The wrong story was printed on page 9 under the Meets & Greets section. It should be the story about the visit of the ZPMC officers, not the Corporate Governance Training; and 2. The birthday celebrants are from the month of November, not October.

We have re-published the ZPMC story and the list of November birthday celebrants in this issue.

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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 .

Retirements and Resignations Gianina Guinto Accounting Supervisor, COB Aviation Joana Michelle DeGuzman Accounting Supervisor, Global Corporation, Controllership Dennis De Vicente Financial Reporting Supervisor, Global Corporate Controllership Leoncio Gonzales Project Engineer, Global Corporate Engineering Rico Cruz Manager, Business Development - Asia Rafael Nieto Operations Manager, TOD Rean Portento Equipment Control Assistant, Operations Planning Ernesto Garcia Auto Mechanic, Engineering-MES Henry Sinocruz Checker, Gates Operations John Jerel Magugat IT Helpdesk Technician, ITSS Ralph John Forte GPW on call, CY Marine Operations Rocky Manlulu GPW on call, CY Marine Operations Jordanne Sison GPW on call, CY Marine Operations Jury Sioquim On-call Operator, SCIPSI Novie Sobrejuanite On-call Senior Budget Officer, SCIPSI Rolioto Apura Sr. On-call Stevedore, SCIPSI

November Celebrants 1 Bembol Austria Rolando Buenafe Joana Michelle De Guzman Marcos De Guzman Cylon Dela Cruz Mat Leary Habig Rossbert Miguel Francis John Valdez 2 Bernard Bernardino Ryan Delos Reyes Angelo Kevin Delos Santos Nortejo Pelarija 3 Pedro Austria Jr. Rodel Medina Rommel Rose 4 Laarni Banta 5 Ruel Ababa Norman Alcantara Angelino Cano Jr. Leonardo Nelson Dela Peña Juliver Llamado Rogelio Navera Jr. 6 Alexander Laliag Venus Cristy Reyes Susan Sagritalo 7 Carlo Along Russelle Delobio Jorge Pineda Leopoldo Rabuya 8 Wilfredo De Quiroz Ronilo Dialogo Eduardo Gasita 9 Lisa Escaler Paulo Carlo Peñalba 10 Danilo Casiple Avelino Catacutan Arnold Doroja Mario Mahusay Joel Sesmoan Allan Valmoria

11 Ralph Renzon David Giovanni Gutilban Anthony Omila Ernesto Valera 12 Miller Cervantes Nestor Vargas Jr. 13 Tim Joseph Alvaro Oliver Delos Reyes Rogelio Gonzaga Jr. Armando Javier Martin Lagman Mateo Lagman Ricardo Mayo 14 Leorenzo Barredo Darwin Dexter Dulatre Manolo Antonio Estrella Patricia Reyes Kennedy Schlobohm Arturo Valdez Marvin Villarba 15 Virgilio Dela Peña Norberto Soriano Peter Vasquez 16 Jupiter Kalambakal Roberto Musni 17 Alexander Desquitado Christopher Magat Dante Ortiz 18 Angelito Belano Domingo Bilbor Jr. Allan Malinab 19 Jeffrey Frias Roger Pares 20 Dennis Noviza Marlito Panergo 21 Jose Cañon Jr. Michael Conejar

22 Julius Alcantara Dan Bonuel Robert Encarnacion Roger Gonzales 23 Ning Butcon Arsenio Juan Vincent Justiniani Christopher Rizabal Enrique Santiago Jr. Jelenie Tañagras 24 Jommel Arellano Bruno Bartolini Rogelio Belano Mar Cula Lorenzo De Vera Jr. Rio Aaron Fernandez Leandro Santos II Eduardo Tan 25 Maricel Bataller Marlino Rapacon Jhon Ronald Rodriguez 26 Noel Cusi Danilo Marquez Jr. Reynaldo Merencillo Eduardo Presas Jovin Verder Rommel Yanson 27 Rean Portento Florante Supan Herbert Vergara 28 Jocelyn Gamosa 29 Manuelito Aquino Jose Gino Caber Gigi Miguel Rico Serna 30 Jireh John Macabebe Moreland Marasigan Ramir Marcos Jay-R Simblante

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

December Celebrants 1 Darwin Castillo Keempee Casundo Woodie Florentino Christian Lozano Virna Manalo Jan Patrick Manansala Roderic Pines Jecelyn Robin Ervin Villanueva Jr. Marie Joy Manalo, SCIPSI 2 Aldrin Bermejo Michael Hilario Roylan Naval Ruiz Dennis Marcial Porras, SCIPSI Crispin Dorimdes Jr., SCIPSI 4 Ramil Alayon Noel Fran Fernand Inting Francisco Ros Michele Mendoza, LGICT Rolando Lava, SCIPSI Froilan Ang, SCIPSI Jesus Adolfo Jr., SCIPSI 5 Filip Laurena Sammy Torillas 6 Belmor Capinig Maricon Guinto Bonifacio Matildo 7 Joselito Cadenas Sherwin Dalagon Sonny Nunez Connie Tan Romeo Ortegoza Jr., SCIPSI 8 Christian Cristobal Alphert Padayao Cristina Sheenalyn Uy Antonio Dinaya, SCIPSI Wenne Fajardo, SCIPSI 9 Archimeyes Concordia Fausto Fabi Jr. George Mandantes Reynaldo Sarmiento Zaldy Bayona, SCIPSI 10 Henry Bataller John Jayvee Labaday Jerry Mararac Matlawrance Adzuara Zara Canlas

11 Jerson Dela Cruz Dino Dolloso Rufino Balino Jr., SCIPSI 12 Geraldine Carilla Benigno Ellaso Jr. Alberto Lentejas Peejay Sale 13 Antonio Andrade Reynaldo Bolivar Nida Dagook Paolo Pica Rosana Subion Allan Taylo Victor Cedrome, SCIPSI 14 Conrado Abrigo Zeny Magtalas Jimfrancis Navarro 15 Armando Basco Freddie Conde Robin Cruickshanks Guillermo Rago 16 Felipe Baculpo Noel Ricablanca Richard Seguit 17 Sir Deonard Avelino John Erick De Leon Lyanne Guillermo Sylvia Magat Domingo Velasco 18 Larry Camba Jr. Gerald Columbres Jenerie Dajay Carlo Magno Dominguez Roy Gonzales Arthur Mendoza Ernesto Caballero Jr., SCIPSI 19 John Brian Abordo Ryan Colis Edwin Magdaet Aladin Mislang Rogelio Omela Lou Barrion, SCIPSI Alex Cano, SCIPSI 20 Ricardo Cano Rowell Desquitado Lloyd Christian Gregorio Luis Pangilinan Rosaldo Salvacion Fernando Saligue, SCIPSI

21 Allan Espuerta Gary Gacilan Reynaldo Jaime Roberto Layug Joni Manuel Ferdinand Vacaro Benjamin Velasco Jr. Benmar Delos Reyes, SCIPSI Henry Orilla, SCIPSI 22 Dennis Crimen Eduardo Milag Jerom Sedigo Renz Marrion Blancaflor, SCIPSI Nelson Tiolo, SCIPSI 23 Francis Marqueses Exequiel Abraham, SCIPSI Macris Calderon, SCIPSI 24 Gency Concepcion Harold Crisostomo Bernie Jaime Christopher Leal Rodel Manansala 25 Romeo Bactol Jr. Jesse Paul Mangmang Wilma Mantilla Rhelan Roque Christopher Torres Romeo Soy, SCIPSI Rudolfo Berano Jr., SCIPSI Germaine Forro, SCIPSI 26 Alexander Chua Astral Mitra Ric Lazarte, SCIPSI 27 Rhandel Aguila Jose Lebrias Helen Grace Martinez Richard Mantalaba, SCIPSI 28 Salvador Aquino Allan Lumatao, SCIPSI Emilio Bautista Jr., SCIPSI 29 David Lagarde Demetrio Prio Ricky Silarta, SCIPSI Michael Vincent Chua, SCIPSI 30 Ronald Andriano Eloida Arcena Caroline Causon Rizalyn Dela Cruz Emiliano Lim Jr. 31 Melchor Ferran Dante Geling Silvestre Jadulco Paulina Laxamana Noelito Ngo

NARLENE A. SORIANO EDITOR-IN-CHIEF JUPITER L. KALAMBAKAL MANAGING EDITOR DENNIS T. SURIBA ASSOCIATE EDITOR RESEARCHERS ZINNO NICCOLO B. GUDEZ MARIE ANNALIE T. MARFIL PAOLO MIGUEL S. RACELIS RONNEL P. JAVIER CHRISTIAN FRANCIS FLORES 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 FRANCIS J ALGERNON G. BARTOLOME JOY E. LAPUZ SUBIC OLGA C. URETA LAGUNA ANNIE MAGSINO TERESA TIDONG BATANGAS BELLE LUCERO DAVAO CITY CHIARA MAY C. ATIS GEN. SANTOS CITY REJAMNA JUBELAG INTERNATIONAL CORRESPONDENTS ARGENTINA MAGDALENA RIANI AUSTRALIA CLAIRE JORDAN-WHILLANS CHINA MICHAEL QI COLOMBIA JULIA DAZA CROATIA IVA ROMAN ECUADOR KATTY OSSA BIANCHI GEORGIA KETEVAN ORAGVELIDZE HONDURAS EVELYN LEIVA IRAQ SHEEBA KHAN MADAGASCAR MICHAEL RATRIMO MEXICO LORENA VALERO PAKISTAN ARIF RAZA SYED IMRAN MOOSA POLAND MICHAL KUZAJCZYK

MEETS & GREETS

ZPMC executives visit MICT Officials of Shanghai Zhenhua Heavy Industry Co., Ltd. (ZPMC), one of the leading manufacturers of port equipment, visited MICT last 20 September to meet Enrique K. Razon Jr., ICTSI Chairman and President. Photo shows (from left): David Yeow, ZPMC General Manager; Xiang Xudong, ZPMC Party Secretary and Executive Vice General Manager; Guillaume Lucci, ICTSI Vice President, Global Engineering; Mr. Razon; Huang Qingfeng, ZPMC President; Liu Qizhong, ZPMC Vice President and Executive Member of the Board; and Michael Yang, ZPMC Port Machinery Management Department Deputy Manager.

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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/

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 .