ICTSI Manila yard use hits historical low

International Container Terminal Services, Inc. (ICTSI)’s flagship Manila International Container Terminal (MICT) recorded historically low yard utilisation levels, dropping below 58% despite a series of holiday periods and low trucking activity.

Last March, private sector partners and the government signed a manifesto calling for the efficient utilisation of container terminals.

MICT achieved a 20% drop from 90% in January to a 70% utilisation rate in January even though it recorded its all-time highest throughput over a four month period.