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Port operator International Container Terminal Services Inc. (ICTSI) posted a net profit of P751 million in the third quarter this year, up 17 percent from P643 million due to the addition of new ports.
                    [DatePublished] => 2008-11-12 00:00:00
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [Title] => Port tariff rollback advocates barking up the wrong tree?
                    [Summary] => Groups demanding a rollback in port tariff rates are barking up the wrong tree if they hope such move can reduce the cost of cargo movement and handling and benefit traders and consumers, according to Rene Cruz, general manager of the South Cotabato Integrated Port Services Inc. Cruz said a 10-percent reduction in freight cost charged by shipping companies will have greater cost impact than eliminating the arrastre fees altogether.


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SOUTH COTABATO INTEGRATED PORT SERVICES INC

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                    [Title] => ICTSI net profit up 17% in Q3
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                    [Title] => Port tariff rollback advocates barking up the wrong tree?
                    [Summary] => Groups demanding a rollback in port tariff rates are barking up the wrong tree if they hope such move can reduce the cost of cargo movement and handling and benefit traders and consumers, according to Rene Cruz, general manager of the South Cotabato Integrated Port Services Inc. Cruz said a 10-percent reduction in freight cost charged by shipping companies will have greater cost impact than eliminating the arrastre fees altogether.


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abtest

ICTSI net profit up 17% in Q3

By Zinnia B. Dela Peña | November 12, 2008 - 12:00am

Port operator International Container Terminal Services Inc. (ICTSI) posted a net profit of P751 million in the third quarter this year, up 17 percent from P643 million due to the addition of new ports.

Business

Port tariff rollback advocates barking up the wrong tree?

May 27, 2002 - 12:00am

Groups demanding a rollback in port tariff rates are barking up the wrong tree if they hope such move can reduce the cost of cargo movement and handling and benefit traders and consumers, according to Rene Cruz,...

Business