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30 May 2020 The on-line newspaper devoted to the world of transports 16:56 GMT+2

December 28, 2012

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Original news
ICTSI abandons the management of the container terminal of the Syrian port of Tartous adducing the subsistence of force majeures

Repatriated all the Philippine staff

The terminalista group Philippine International Container Terminal Services, Inc. (ICTSI) has announced today the abandonment of own activity in Syria because of the situation of civil war in course in the Middle Eastern nation and - it has emphasized ICTSI - "of consequent indefensible, the hostile and dangerous context of activity".

The Asian group operated in Syria through the society integrally controlled Tartous International Container Terminal (TICT), than from the end of 2006 it managed the container terminal of the port of Tartous. ICTSI has specified to have repatriated all own Philippine staff before to diffuse the announcement of the abandonment of the activity in Syria.

ICTSI has emphasized that, based on the investment agreement undersigned from the TICT and the Tartous Port General Company (TPGC), the civil wars and disorders they constitute force majeures. "From day to day - it has found the Philippine group - the Syrian civil war is being aggravated exposing all, is combatant that civil, to increasing risks to died and of destruction". "From the 2011 - it has specified the group - ICTSI it is operating in Syria in a situation of extreme difficulty. The economic and operating conditions in Syria have been birds because of the commercial endorsements taxes from the European Union and the United States and because of the closing of the exchanges to the border Syrian-Iraqi. The port of Tartous, where work TICT, would have had to be the point of transit of the traffic of transhipment from and for Iraq". ICTSI has announced that the Syrian containerized trade is begun to drop of the 4% in 2012 in order then to come down of ulterior a 14% in 2011: "such bending - it has explained the Philippine group - has brought back the Syrian market of the container behind of six years to the levels of 2006-2007".

ICTSI has complained also nonperformances from the Syrian authorities in the within of the agreements of partnership between private public and which signed from TICT with TPGC and the refusal from this last one to recognize as it was in existence an unforeseeable change of the circumstances and to grant therefore to TICT an attenuation of the engagements of investment demanded from the society.

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