Subic Bay International Terminals Corp. (SBITC) and ICTSI Subic Inc. (ISI), subsidiaries of International Container Terminal Services, Inc. (ICTSI), have been granted a 25-year extension on their concession agreements with the Subic Bay Metropolitan Authority (SBMA). The extensions, signed on Oct. 3 and running until 2058, cover the operation and management of New Container Terminals 1 and 2 (NCT-1 and NCT-2). In photo (from left): Juan Miguel Delgado, Subic Bay International Terminals vice chairman, and Christian R.
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