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The Port of Iloilo has been a hub for international shipping since 1855, facilitating the export of sugar and fertilizer to global markets. Its opening to the world market on September 29, 1855, by Queen Isabella II of Spain , [ 5 ] [ 6 ] revitalized the local economy following the decline of the textile industry.
Note: In September 2012, Philippine President Benigno Aquino III signed Administrative Order No. 29, mandating that all government agencies use the name "West Philippine Sea" to refer to the parts of the South China Sea within the Philippines' exclusive economic zone, and tasked the National Mapping and Resource Information Authority (NAMRIA) to use the name in official maps.
Cargotec Oyj (trading internationally as Cargotec Corporation) is a Finnish company that makes cargo handling machinery for ships, ports, terminals and local distribution. Cargotec was formed in June 2005 when Kone Corporation was split into two companies to be listed: Cargotec and new Kone . [ 4 ]
During the Spanish Colonial Era of the Philippines Manila handled trade with China and other East Asian countries, with Mexico, with Arab countries, and directly with Spain from the 16th to mid-19th century when the port was opened to all trade. This was the galleon trade that connected the Philippines to Spain via Mexico, another Spanish ...
International Container Terminal Services, Inc. (ICTSI) (PSE: ICT) is a global port management company headquartered in Manila, Philippines. Established in 1916, ICTSI is the Philippines' largest multinational and transnational company, having established operations in both developed and emerging market economies in Asia Pacific, the Americas, and Europe, the Middle East and Africa.
The 2,202-square-meter (23,700 sq ft) terminal building, [20] constructed in 1982 to handle the passenger demands of a single airline, (Philippine Airlines, being the Philippines' aviation monopoly at the time), was unable to cope with the liberalization of the Philippine aviation industry and the subsequent boom in air travel, when as many as ...
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The terminal can accommodate 2-3 million passengers per year, greater than the old terminal, which can accommodate about 1.5 million passengers. [3] The terminal has a total area of about 12,000 square metres (130,000 sq ft), including the main building, drop-off area, ticketing booths, and a 2,000 square metres (22,000 sq ft) parking area.