Skip to content
  • About Us
  • Contact Us
  • RSS
Facebook Twitter Instagram
#image_title
BILYONARYO.COM
Search
  • Home
  • Business
  • Money and Trade
  • Social
  • Brand News
  • Video
  • Power
  • Property
  • Travel
  • Technology
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
Menu
  • Home
  • Business
  • Money and Trade
  • Social
  • Brand News
  • Video
  • Power
  • Property
  • Travel
  • Technology
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
Popular Tags Today:
↑ Bongbong Marcos, Burst your Babble, Department of Agriculture, Frabelle, Franco Tiu Laurel Jr | Arsenio Balisacan, Benjamin Diokno, Alfredo Pascual, Burst your Babble, Marcos administration, Martin Romualdez, value-added tax | Bureau of Internal Revenue (BIR), tax, garnishment | Bingo Plus, Lotto, Digiplus ,Pacific Online, Philippine Stock Exchange | House of Investments (HI), Okada Manila, A. Soriano Corp. | --- | RLC RESIDENCES YOUR BEST LIFE IS YET TO COME
  • Home
  • Business
  • Brand News
  • Social
  • Video
  • Money and Trade
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS
Menu
  • Home
  • Business
  • Brand News
  • Social
  • Video
  • Money and Trade
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS

Bilyonaryo - Business

Razon’s game-changing expansion in Australia: VICT preps for next generation shipping with cutting-edge port infrastructure

  • June 12, 2023
  • Bilyonaryo.com
#image_title

Ultra bilyonaryo Ricky Razon-led Victoria International Container Terminal (VICT), the leading container terminal in the Port of Melbourne and Australia, is making significant progress in its expansion project to accommodate larger ships.

The AUD235 million project, scheduled for completion by 2024, will enhance VICT’s capabilities and solidify its position as the most advanced container terminal in the region.

Bruno Porchietto, the newly appointed CEO of VICT, said the expansion would enable the terminal to handle two 336-meter vessels simultaneously, a significant boost to its operational capacity. The project involves increasing the number of quay cranes from five to eight, including three new-generation cranes, and adding 10 new automatic stacking cranes (ASC) along with a 50 percent increase in yard capacity.

With the expanded facilities, VICT will be able to accommodate neo-Panamax vessels of up to 14,000 TEUs, offering shipping lines the opportunity to leverage economies of scale and reduce supply chain costs. This advantage distinguishes VICT from other terminals, such as the Swanson dock terminals at the Port of Melbourne.

The expansion is divided into two phases, with the first phase expected to be completed by late 2023. This phase will increase VICT’s capacity by 25 percent to 1.25 million TEUs and include the installation of two new quay cranes and six new ASCs. The third quay crane and four additional ASCs are part of the second phase, which will be completed based on market demand.

The vision for VICT’s expansion was established by its parent company, International Container Terminal Services Inc. (ICTSI), when it won the concession for the Melbourne-based terminal in 2014. The project aligns with the Port of Melbourne’s 2050 Port Development Strategy and plays a crucial role in facilitating future growth.

In addition to the VICT expansion, ICTSI has proposed an AUD500 million-plus expansion of Webb Dock, which aims to provide a cost-effective, efficient, and environmentally sustainable solution for additional capacity at the Port of Melbourne.

  • Related News Tags: Australia, Bruno Porchietto, Port of Melbourne, Ricky Razon, Victoria International Container Terminal

Follow Bilyonaryo BUSINESS on Google News

PrevPreviousTan Caktiong-led Jollibee eyes record year amid global growth initiatives
NextTony Fernandes unveils AirAsia’s expansion plans in Philippines: Logistics, MRO sectors in focusNext

You may also like

Watch more Usapang Bilyonaryo

Bongbong Marcos’ first year elevates Philippines to top 5 World Bank borrowers

Yap family-led CEU triples earnings on robust tuition and fee income

Jocel Panlilio’s Boulevard Holdings faces PSE sanctions for reporting lapses

Ricky Razon’s ICTSI enhances VICT operations with automated cranes

World Bank downdgrades Philippines’ 2023 GDP growth forecast to 5.6% amid economic headwinds

Bongbong Marcos’ first year elevates Philippines to top 5 World Bank borrowers

Yap family-led CEU triples earnings on robust tuition and fee income

Jocel Panlilio’s Boulevard Holdings faces PSE sanctions for reporting lapses

Ricky Razon’s ICTSI enhances VICT operations with automated cranes

World Bank downdgrades Philippines’ 2023 GDP growth forecast to 5.6% amid economic headwinds

Mariana Zobel de Ayala explains BPI’s ‘phy-gital’ strategy for success

AI coming for banking jobs? Mariana Zobel de Ayala allays fears of layoffs in BPI

Hugas kamay na, nanlalaglag pa! Diokno and do-nothing economic team getting on foreign investors’ nerves

Bingo Plus, Lotto, and the ‘ampaw’ king: Digiplus and Pacific Online go head-to-head for hottest stock of 2023, while Antonio Tiu’s stocks are worst stinkers

Read more Business stories

Recommended from sister websites

→ Abogado
Honored! Mike Toledo speaks at CREBA’s 50th anniversary convention
→ Abogado
Bookworm milestone! Kris Ablan shares 2023 book list, new read
→ Politiko
Marcos Tells Teachers: ‘We Continue To Work Harder To Improve Your Lives’
→ Politiko
Customs Issues Warrants Of Seizure, Detention Vs. 236K Sacks Of Rice
→ Bankero
World Bank greenlights $600 Million loan to propel Philippines’ digital transformation
Power

Vince Perez-led Alternergy secures P12 billion financing for wind power projects

BPI Capital, RCBC Capital and SB Capital will arrange a P12 billion financing for renewable power firm Alternergy Holdings Corp.’s wind power projects.

Money

Optimism abounds: Government expects over $1 billion from retail dollar bond sale

The Marcos government is optimistic it will raise over $1 billion from its retail dollar bond (RDB) offering amid strong interest from investors.

Business

Yap family-led CEU triples earnings on robust tuition and fee income

Centro Escolar University (CEU), controlled by the heirs of the late Don Emilio Yap, saw earnings more than triple in its fiscal year ending May on the back of robust revenue streams generated from tuition and school fees.

Property

Indonesia to launch China-funded high-speed rail, first in S.E. Asia

Indonesia is set to launch Southeast Asia’s first high-speed railway on Monday, a delayed multibillion-dollar project backed by China that will cut travel between capital Jakarta and another major city by hours.

Latest on Bilyonaryo

Happy Ongpauco Tiu joins AI craze with hilarious High School pics

Read More »

Stephanie Zubiri’s tranquil Tuscany retreat: A journey of self-care

Read More »

The art of giving: Melissa Yeung Yap’s charity showcase

Read More »

Celebrating Lakers greatness: Robbie Jaworski’s tribute to Kobe

Read More »

Happy tummy, happy heart: Jessica Kienle’s Sunday steak delight

Read More »

Margarita Fores celebrates son’s achievement: a mano’s climb to the top 100 pizzerias

Read More »
Back to Bilyonaryo.com homepage

Exclusive!

Hans Sy: Ultimate green warrior

September 27, 2023

Hans Sy, the 4th of the Sy-blings, as Bilyonaryo calls them, sat down with me to explain his green initiatives in the SM Group, a chat that turned into an interesting look into how he became a sustainability champion, the lessons he learnt from his father, Henry Sy Sr., and legacy-building.

Read More »

Advertisement

Bilyonaryo Premium Ad 1
Bilyonaryo Premium Ad 2
Bilyonaryo Premium Ad 3
Bilyonaryo Premium Ad 4
Bilyonaryo Premium Ad 5

Trending on
Business

GOLD
Hugas kamay na, nanlalaglag pa! Diokno and do-nothing economic team getting on foreign investors’ nerves

Bingo Plus, Lotto, and the ‘ampaw’ king: Digiplus and Pacific Online go head-to-head for hottest stock of 2023, while Antonio Tiu’s stocks are worst stinkers

AI coming for banking jobs? Mariana Zobel de Ayala allays fears of layoffs in BPI

PLATINUM
Losses are not small, they are substantial, serious, real: Dennis Uy plans layoffs to stop the bleeding in Phoenix Petroleum

Ang dali bumili ng lupa, bakit sa Manila Bay pa! Businessman offered make Manny Villar a partner so wife Cynthia will stop opposing reclamation

BIR issues guidelines on tax amnesty extension until 2025

TITANIUM
Magagalit daw kasi Ginebra fans: RSA thinks San Miguel’s P1 billion PBA budget will feed and put to school a lot of Filipinos

Utang pa more! Dennis Uy secures massive $3.9 billion financing deal to reduce debt and fuel telco expansion

Power behind the race: Bongbong Marcos’s Ferrari F1 garage adventure is said to be courtesy of longtime friend, Malaysian billionaire Ong Beng Seng

Read more Business stories

Trending on
Bilyonaryo

Business News

Hugas kamay na, nanlalaglag pa! Diokno and do-nothing economic team getting on foreign investors’ nerves

Social Fancy News

Matching elegance: Daniel Miranda and Sofia Andres’ red carpet style

Money & Trade News

No long lines! EastWest Bank’s virtual job hunt set on Oct 10

Technology News

Mynt bolsters fintech arsenal with ECPay acquisition as Globe sells at 50% premium

Power News

NGCP probes root cause of recent load shedding

Property News

Indonesia to launch China-funded high-speed rail, first in S.E. Asia

Lifestyle News

Caught red-handed! Live Nation apologizes over sale of Twice concert props by staff

Food & Nature News

Opportunity knocks from Indonesia, but Ana Lorenzana de Ocampo says Wildflour’s gaze remains on Luzon expansion

Health News

Brain implants could restore paralyzed patients’ arm movements

Travel News

Recovery in flight: Philippines and Asia-Pacific aviation markets regain momentum

Golf News

McIlroy denies reports of Cantlay caddie apology

Back to Bilyonaryo home page

Trending on
Bilyonaryo

Business News

• Hugas kamay na, nanlalaglag pa! Diokno and do-nothing economic team getting on foreign investors’ nerves

• Bingo Plus, Lotto, and the ‘ampaw’ king: Digiplus and Pacific Online go head-to-head for hottest stock of 2023, while Antonio Tiu’s stocks are worst stinkers

Social Fancy News

• Matching elegance: Daniel Miranda and Sofia Andres’ red carpet style

• Discovering Manila’s dining treasures with Charles and Sari Tiu

Money News

• No long lines! EastWest Bank’s virtual job hunt set on Oct 10

• Philippine financial asset growth outpaces global trends in 2022, says Allianz

Technology News

• Mynt bolsters fintech arsenal with ECPay acquisition as Globe sells at 50% premium

• World Bank commits $600M to boost digital transformation in the Philippines

Power News

• NGCP probes root cause of recent load shedding

• Lopez Group readies financing for First Gen’s 165 MW hydroelectric power plant acquisition

Property News

• Indonesia to launch China-funded high-speed rail, first in S.E. Asia

•

Lifestyle News

• Caught red-handed! Live Nation apologizes over sale of Twice concert props by staff

• Kid-flick ‘Paw’ beats blood-soaked ‘Saw’

Food & Nature News

• Opportunity knocks from Indonesia, but Ana Lorenzana de Ocampo says Wildflour’s gaze remains on Luzon expansion

• Jollibee marks a decade in Singapore with AI drive-thru breakthrough

Health News

• Brain implants could restore paralyzed patients’ arm movements

•

Travel News

• Recovery in flight: Philippines and Asia-Pacific aviation markets regain momentum

•

Golf News

• McIlroy denies reports of Cantlay caddie apology

• Europe regain Ryder Cup to extend USA 30-year wait

Back to Bilyonaryo home page

Copyright © 2022. Bilyonaryo. All Rights Reserved.
  • Home
  • Business
  • Brand News
  • Social
  • Video
  • Money and Trade
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS
Menu
  • Home
  • Business
  • Brand News
  • Social
  • Video
  • Money and Trade
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS