December 2012


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ICTSI acquires private port Hijo International in Davao

Port operator International Container Terminal Services, Inc. (ICTSI) has acquired a private port in the Gulf of Davao, its second terminal in the area. ICTSI also operates Sasa Wharf, Davao’s main international seaport. According to ICTSI, its wholly-owned subsidiary Abbotsford Holdings, Inc., (AHI) has acquired subscription rights to forty million common shares in Hijo International Port Services, Inc. (HIPS), which…


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Philippine Coast Guard celebrates 111th Founding Anniversary

A revitalized Philippine Coast Guard (PCG), an agency bestowed with substantial responsibilities as a multi-mission maritime agency tasked to promote safety of life and property at sea, protect the marine environment, enforce maritime laws, and conduct maritime security operations celebrates its 111th Founding Anniversary.


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PTC chief executive Borromeo replaces Evitt – First Philippine President of lnterManager

Ship management trade association InterManager has joined the ranks of shipping industry organizations that are recognizing Asia’s growing maritime influence and have looked east for leaders. Philippine Transmarine Carriers, Inc. (PTC) Vice-Chairman and CEO Gerardo A. Borromeo was elected as the new President of InterManager, an international trade association for in-house and third party ship managers. Borromeo is the first…



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SERGS COOPERATIVE: Helping Navy personnel own their dream homes

The Seabees and Engineers Retirees and General Services (SERGS) Cooperative was established to augment the meager income of retired Navy personnel through various opportunities offered by the cooperative to its members. SERGS Coop ventured into the construction business so as to maximize the expertise of our retirees in the field of construction engineering, repair and maintenance of facilities and buildings….