Port Finance International Events - covering global port developments

Search site

Thursday, 08 October 2015

ICTSI Colombia Gears for Start in 2016

SPIA staff and officials welcome the arrival of the terminal’s first four quay cranes.  SPIA staff and officials welcome the arrival of the terminal’s first four quay cranes. 

Receives new container handling equipment

Sociedad Puerto Industrial de Aguadulce S.A. (SPIA), a unit of International Container Terminal Services, Inc. (ICTSI) in Colombia, recently received four super post Panamax quay cranes (QC) and five rubber-tired gantries (RTG) as it enters the final stage of preparation for the operational launch in 2016 of the Aguadulce Multi-User Container Terminal (AMCT) at the Port of Buenaventura, Colombia. 

Manufactured by Shanghai Zhenhua Heavy Industry Co., Ltd. (ZPMC), the QCs have an individual lifting capacity of 60 tons, and feature twin lift spreaders.  They can reach up to 65 meters into the water and perform up to 40 moves per hour.  With a maximum lift height of 46 meters, the QCs are capable of servicing 18,000-TEU Triple E class vessels. 

The RTGs, on the other hand, feature single spreader lifts and a 41-ton capacity. Estimated to cost around USD50 million, the equipment purchase is part of ICTSI’s USD545 million total investment in the Port of Buenaventura.

Development of the AMCT is divided into three phases.  The first phase, which is slated for completion by April next year, will yield an annual capacity of around 600,000 TEUs.  First phase development includes a  600-meter berth length with a 14.5-meter controlling depth, an 11-hectare container yard, a 250-meter coal bulk dock, conveyor belt-equipped silos and a 21-kilometer access road leading to the terminal.  It also includes the construction of warehouses and inspection areas, as well as the deployment of automation and other state-of-the-art port technologies.

In July 2007, ICTSI won the 30-year concession for the construction and operation of a container terminal and grains and coal-handling facility at the Port of Buenaventura.  ICTSI acquired stakes in two Panamanian companies to gain effective control of SPIA, which owns 240 hectares of land in the Aguadulce Peninsula and its surroundings.

In 2013, ICTSI and PSA International Pte. Ltd of Singapore entered into an agreement to jointly develop and operate the container terminal and its ancillary facilities.  Upon completion, the Greenfield project is expected to become a catalyst for Colombian trade growth.

Headquartered and established in 1988 in Manila, Philippines, International Container Terminal Services, Inc. (ICTSI) is in the business of port operations, management and development.  ICTSI’s portfolio of terminals and projects spans developed and emerging market economies in the Asia Pacific, the Americas, Europe and the Middle East, and Africa.  ICTSI has received global acclaim for its public-private partnerships with governments divesting of their port assets to the private sector.  (www.ictsi.com)

Press release 7 October 2015


Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

Follow us


Sign up for our free newsletter