ICTSI seeks China expansion

The largest Philippine port operator, International Container Terminal Services (ICTSI), said it was "actively looking at a few projects" in China, with an eye to investing in up to five terminals in the next three years and developing facilities with a throughput of 500,000 to 1.5 million boxes annually, the South China Morning Post reported, citing ICTSI's top China manager, Paul Lo Po-lau. Lo said river ports may fit ICTSI's target because "they could start from a lower [volume] base."