MJV’s Post

🌊 Historic Transfer: ICPC and VCT Transition! The Philippine Ports Authority has officially handed over control of ICPC and VCT terminals to ICTSI. This strategic move solidifies ICTSI's hold on crucial port infrastructure in the Philippines, promising heightened efficiency and growth. #Ports #Infrastructure #ICTSI #Philippines #Logistics 🔗 PPA hands over ICPC, VCT https://lnkd.in/gvJAzA4C

🌊 Historic Transfer: ICPC and VCT Transition! The Philippine Ports Authority has officially handed over control of ICPC and VCT terminals to ICTSI. This strategic move solidifies ICTSI's hold on crucial port infrastructure in the Philippines, promising heightened efficiency and growth. #Ports #Infrastructure #ICTSI #Philippines #Logistics 🔗 PPA hands over ICPC, VCT https://lnkd.in/ej-iBk6N

ICTSI Receives ICPC-VCT Control from PPA 🎉 The Philippine Ports Authority (PPA) formally hands over the ICPC-VCT control to International Container Terminal Services Inc. (ICTSI). This transition empowers ICTSI to enhance container terminal operations, ensuring better efficiency and seamless logistics for the region. #Management #Economy #Philippines #TerminalOperations #PortAuthority 🔗 PPA Hands Over ICPC-VCT https://lnkd.in/ej-iBk6N

📰 ICTSI cleared to start P11 billion Iloilo port upgrade 📰 “MANILA, Philippines — Tycoon Enrique Razon’s International Container Terminal Services Inc. (ICTSI) has received the green light to commence its P11-billion development of one of the largest ports in Visayas. ICTSI yesterday received from the Philippine Ports Authority (PPA) the Notice to Proceed (NTP) with the 25-year contract to operate and maintain the Visayas Container Terminal (VCT), formerly the Iloilo Commercial Port Complex, marking the start of another big-ticket undertaking for ICTSI in the Philippines. [...] On top of this, ICTSI plans to reorganize the terminal infrastructure of VCT. The company aims to bolster the productivity and expand the services of the port to accommodate the growing trade volume in Western Visayas.” Read more: https://lnkd.in/gvftVFsn

I'm also of the view that the point of entry must be companies that have a long history in investing in the respective country. My take away on this story is that there is thin line between looking after the interet of the current players, this also may be seen as gate keeping and allowing for the status core to remain. On the other hand opening up to invite new players creates a platform for new investments and markets. The biggest question would be how does one to draw the line between rewarding/appreciating the efforts of those who have always believed in the development of the country by investing at a time not popular to do so and those whom are only realizing now the opportunity to invest in the country.

📦 JNPA Achieves Record Container Traffic 📈 JNPA handled a record 603,219 TEUs in July 2024, surpassing previous milestones. This achievement marks significant operational growth for the port. The increase reflects JNPA’s efficiency and strategic importance in maritime trade. Continuous improvements are driving this remarkable performance. 🔗 https://lnkd.in/eWJhZtaY #Operations #Asia #Container #Growth #Efficiency

🚚 Fun Fact: CPEC and Pakistan's Logistics Boom! 🌍 Did you know that the China-Pakistan Economic Corridor (CPEC) is set to revolutionize Pakistan’s logistics sector? With new trade routes and infrastructure projects, CPEC is creating faster, more efficient connections for cargo movement across Asia and beyond! 📦 Explore how Mifa Multi Link is part of this transformation at mifamultilink.com. #CPEC #LogisticsRevolution #MifaMultiLink #GlobalTrade #PakistanLogistics #FunFact #FreightForwarding

Fruitful discussions on the Safe and Sustainable Transport Programme (SSTP) in London today. The SSTP is a joint endeavour of The World Bank, European Commission WBIF - Western Balkans Investment Framework and Transport Community that aims to spur long-term growth in the region, and promote a greener, safer, and more resilient transport network. During the first SSTP Steering Group Meeting, I highlighted the progress on the Green Lanes and benefits of reduced border waiting times, enhanced trade, and seamless transport flows between the #WesternBalkans and the EU. Most notably, I underlined the strategic directions, capacity building, and continued cooperation to ensure the smooth functioning of supply chains, boost trade, and attract investors to the region. The initiative has already reduced border waiting times significantly and is set to expand further with new MoUs and a comprehensive roadmap recently endorsed by the leader of the region. We are looking forward to see the results of our enhanced cooperation in the upcoming period. We are #TogetherConnected. Learn more about the meeting here 👇 https://lnkd.in/dUN3k6Tr

It was an honour to assist the The Competition Commission South Africa and the dti (Department of Trade and Industry: Republic of South Africa) in the Industry Engagement for the upcoming Block Exemption for our Logistics Sector - an enabling move by the Government. With Structural Reform, collaboration is needed amongst industry players - especially Freight Owners - in developing the critical mass to unlock efficiencies in our rail sector - a practical example of this is if Manufacturer/Farmer/Miner 1 requires a rail service but only has enough freight demand for 50% utilisation of a locomotive and a network slot, through the collaboration with other industry players (Manuf. 2, 3, 4, ... etc) they can push the service toward efficiency with their collaboration - this is true for both infrastructure and operations. This work was done alongside B4SA, ARIA and the NLCC.

Really interesting developments from PSA on the middle corridor and connecting Asia and Europe.