ICTSI’s Ecuador port terminal enters Latin America-Asia trade loop
Provided by Philippine Daily Inquirer.
MANILA, Philippines — Tycoon Enrique Razon Jr.- led International Container Terminal Services, Inc. (ICTSI) is positioning the Port of Guayaquil as Ecuador’s gateway to the world as its port terminal takes part in the opening of the Latin American country's first direct shipping connection to Asia.
ICTSI announced on Wednesday that Contecon Guayaquil S.A., its unit operating at Port of Guayaquil, had received the inaugural call of COSCO Shipping’s Asia-Central and South America 5 (WSA5) service on Feb. 21.
This was described as a “high point” in the country’s foreign trade, noting that WSA5 service was the first direct shipping connection between Ecuador and Asia via the Port of Chancay in Peru.
27-day shipping
WSA5 service offers a "streamlined" route that enables cargo from Ecuador to reach Shanghai in just 27 days—an improvement from existing routes with longer transit times, the company said in a press statement.
With a stop in Chancay, the service is seen to provide “faster, more cost-effective and more reliable” option for Ecuadorian exports, including bananas and shrimp, to reach Asia.
READ: Razon-led ICTSI builds cold storage hub in Ecuador.
“This service brings together millions of people, businesses and projects in a record time of just 27 days and 27 minutes,” said Javier Lancha, chief executive officer of Contecon Guayaquil. ”The 27 minutes correspond to the average time it takes for transport vehicles to complete their transactions at the terminal.
“We thank COSCO for trusting us as a strategic partner and for its bold move in connecting the west coast of South America with Asia,” he added.
COSCO’s decision to add Contecon Guayaquil to the WSA5 service rotation highlights the terminal’s role in global trade, ICTSI said.
READ: Razon expands budget for Ecuador port.
New route
The WSA5 service includes calls at key ports such as Dalian, Ningbo, Shanghai and Qingdao in China, as well as Ensenada, Manzanillo and Lázaro Cárdenas in Mexico, before calling at Buenaventura, Colombia; Guayaquil, Ecuador; and Chancay, Peru. From there, the service makes its way back to Shanghai and Dalian, completing what is pitched to be a “seamless” trade loop between Latin America and Asia.
The service is also seen to support Ecuador’s broader trade goals, leveraging the country’s Free Trade Agreement with China to boost exports.
ICTSI, a Philippine-based multinational corporation, has been operating the Container and Multipurpose Terminals in Guayaquil, Ecuador since 2007.
—DORIS DUMLAO-ABADILLA
(2025/03/05-21:38)
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- 01/09 08:51 Record-high gov’t debt spooks investors
- 01/09 05:50 As ‘monster’ leaves, new Chinese ship takes its place off Zambales
- 01/09 05:32 Gov’t to push for flexible work setups this year
- 01/09 02:28 Peso seen falling below 59:$1 by Q2
- 01/09 02:14 Competition heating up in e-money industry, says BMI research
- 01/08 15:52 9 China Coast Guard vessels patrolling PH EEZ – US maritime expert
- 01/08 14:21 284 HMPV cases logged in PH in 2024; virus mild, not new – DOH
- 01/08 12:08 PH digital lending market seen to exceed $1 billion in 2025
- 01/08 09:17 Facebook, Instagram to ditch fact-checking for community notes
- 01/08 07:17 Open-world games can boost mental health, says study
- 01/08 05:30 ‘Above normal’ rainfall, more typhoons seen January to March
- 01/08 04:40 Many tourists take bus to Baguio amid traffic woes, says mayor
- 01/08 02:10 December inflation sped up to 2.9%, fastest in 4 months
- 01/08 02:05 New high: Gov’t debt topped P16 trillion in November
- 01/07 15:30 Suspected Chinese drone ‘non-operational’ when recovered – Navy
- 01/07 05:55 PH starts temporary hosting of 300 Afghans
- 01/07 05:50 ‘Monster’ still in PH waters, ignores PCG call to leave
- 01/07 05:40 Rights advocates urge US Congress urged to reconsider bill vs ICC
- 01/07 05:00 NSC: No proof yet China behind crashed drone
- 01/07 02:10 John Hay on lockdown as BCDA takes over
- 01/07 02:05 Meralco bags deal to build 600-MW gas plant in Singapore
- 01/06 15:31 NSC restructuring not a sign of rift in security sector – Malaya
- 01/06 13:40 China’s ‘monster ship’ off Zambales an act of aggression – NSC
- 01/06 12:11 New transfer system needed for Filipino prisoners abroad – solon
- 01/06 12:06 BCDA revenues hit P11B in 2024
- 01/06 11:15 PhilRice announces new rice varieties that can lower blood sugar
- 01/06 09:00 How to quit social media for a much-needed digital detox
- 01/06 07:56 PH firms must brace for AI-powered attacks
- 01/06 05:35 More endorsers back 4th impeachment rap vs VP Duterte
- 01/06 05:32 PCG sends ship, 2 aircraft to challenge ‘The Monster’
- 01/06 05:30 US to stay ‘laser-focused’ on PH-China maritime issues
- 01/06 05:25 Opposition mounts vs SSS premium hike
- 01/06 02:10 DBS raises PH GDP growth forecast to 5.8%
- 01/05 19:35 Ex-president also excluded Robredo from NSC – Tañada to Duterte allies
- 01/05 13:42 Rights group calls for ‘greater vigilance’ in 2025, alleges violations
- 01/05 05:41 AFP vows loyalty to flag after Marcos revamp of NSC
- 01/05 05:35 DOST: This smart pen for kids can help tell if they’re troubled
- 01/05 02:15 PH aspires to be next green power paradise
- 01/04 10:03 VP Duterte’s removal from NSC marks intense political conflict – Castro
- 01/04 05:30 BI hunts down 11,000 foreign Pogo workers still in PH
- 01/04 02:10 New year, new jets for rich Filipinos
- 01/03 16:09 Chinese embassy in PH dismisses rumors of new disease outbreak in China
- 01/03 14:57 Marcos reorganizes NSC, removes VP as member due to irrelevance
- 01/03 13:47 Oreo maker Mondelez uses AI to create new snack flavors
- 01/03 10:00 DOH verifying alleged 'international health concern'
- 01/03 08:36 BI: 22,609 Pogo workers leave PH; 11,000 others for deportation
- 01/03 07:47 China develops a self-lightening backpack
- 01/03 05:40 ‘Chinese’ drone retrieved from Masbate waters piques Navy
- 01/03 05:19 As PBA enters 50th year, will four-point shot stay?
- 01/03 02:14 SEC drafts rules on crypto services
- 01/03 02:12 DigiPlus secures Brazil license
- 01/02 10:56 Filipino scientists made concrete blocks with coffee grounds
- 01/02 05:38 OSG: Pogo asset seizures, birth records purge next
- 01/02 05:32 Northern Luzon at risk of more quakes
- 01/02 05:25 PH ambassador to Hungary is latest Marcos appointee
- 01/02 05:21 Ecozone eyed as naval base site in Mindanao
- 01/02 02:15 IMF asks BSP to disclose info on balance sheet strategy
- 01/02 02:10 1st round of PH-Chile FTA talks set for March
- 01/01 22:45 Marbil vows ’tech-driven, apolitical’ PNP in 2025
- 01/01 18:15 PH Ambassador Romualdez to attend Trump inauguration – Palace
- 01/01 05:39 Budget critics: Veto still left ‘pork’ intact
- 12/31 12:06 OCD gears up for another Mt. Kanlaon eruption
- 12/31 05:40 Vice, gore: A peek into the sinister world of Pogo traffickers
- 12/31 05:35 Panfilo Lacson to gov’t: Brace for legal challenge vs 2025 budget
- 12/31 02:08 An upper middle-income nation by 2025? What PH is bound to lose
- 12/31 02:02 Philippine telcos ramp up cybersecurity efforts
- 12/30 14:56 ‘Broken from start’, UniTeam sees complete collapse
- 12/30 13:07 Marcos pays tribute to late former US President Jimmy Carter
- 12/30 09:33 Marcos signs P6.3 trillion 2025 national budget, vetoes P194 billion
- 12/30 05:20 Filipino booters look to clinch a first-ever Asean Cup finals berth
- 12/30 02:30 PH home prices contract for first time in 3 years
- 12/30 02:28 PH attracts net ‘hot money’ inflow of $96.59M in Nov
- 12/24 21:09 Watch out for crypto scams this Christmas – CICC
- 12/22 05:50 BFAR plane tells Chinese Navy: ‘Review your chart!’
- 12/22 05:38 AFP trusts President Marcos, system, says Brawner
- 12/22 05:30 Marcos, VP Duterte ratings down as poll reflects inflation woes
- 12/22 02:22 Woke but confused: Holidays leave adulting Filipinos financially bipolar
- 12/20 10:37 6 power projects endorsed for operating permits
- 12/20 05:52 Marcos: Let DOJ handle House move vs Rodrigo Duterte
- 12/20 05:48 PNP partners with TikTok vs online scams, exploitation
- 12/20 05:42 SC fires judge involved in wife’s illegal deals
- 12/20 05:34 3rd impeach rap filed vs VP Duterte; Leni Robredo ally an endorser
- 12/20 05:04 Golf club members join legal battle in Camp John Hay
- 12/20 02:24 Balance of payments deficit grew to widest in over 2 years
- 12/19 16:06 Sovereignty, accountability, and hope: Key Philippine stories of 2024
- 12/19 13:47 Blueleaf ramps up Laguna floating solar deployment
- 12/19 09:39 PH bracing for foreign bond comeback in H1 2025
- 12/19 09:22 Vietnam learns lesson about China aggression – everyone’s a target
- 12/19 05:42 8,000 foreign Pogo workers still in PH with tourist visas, says BI
- 12/19 05:30 House tags Duterte, et al. for ‘crimes against humanity’
- 12/19 04:32 ‘Decarbonizing’ PH a race against time – but ‘we should do it properly’
- 12/19 02:28 Marcos-Duterte clash to hurt economy – Fitch
- 12/19 02:12 Holiday online shopping fraud ‘alarmingly high’ in PH
- 12/18 12:58 Neda Board approves issuance of EO on PH-Korea free trade deal
- 12/18 10:13 Blockchain Game Alliance Report shows organic Web3 gaming growth
- 12/18 09:34 DepEd budget expose billions in unspent funds
- 12/18 09:12 Prisoner swap pacts with other nations eyed after Veloso’s return
- 12/18 05:50 House OKs bill that lets foreigners lease land for 99 years
- 12/18 05:10 PhilHealth P500-B fund investment questioned
- 12/17 14:13 DTI revising regulations for vape products
- 12/17 12:25 AFP: Yearend WPS resupply, Noche Buena delivery missions successful
- 12/17 10:05 Peza expects approved investments to rise by 10% in 2025
- 12/17 09:56 Shadowy uranium trade reaches PH, raises fear of ‘dirty bomb’
- 12/17 05:45 COA: 4,000 dead seniors still on PhilHealth database
- 12/17 05:35 SC: Suspension of single, pregnant teacher illegal
- 12/16 18:23 Marcos on current state of PH: We’re quite stable amid political noise
- 12/16 05:33 Island Cove’s jobless: The other side of the Pogo ban
- 12/15 17:47 Dolly de Leon says a celeb’s craft deserves more focus than personal life
- 12/15 05:50 Senate bill forfeits illegal Pogo assets in favor of gov’t
- 12/15 05:25 DBM opens e-market for gov’t suppliers
- 12/15 02:03 Engineers build innovative roof manufacturing business
- 12/14 09:25 AI solar boat cleans 2.5 million liters of river water daily
- 12/14 08:40 AI agents will become brand ambassadors in 'Agentic Era' – study
- 12/14 05:55 House panel: Ex-president Duterte center of grand criminal enterprise
- 12/14 05:30 SMNI duo ordered to pay TV journalist P2M in damages
- 12/14 04:40 Negros Occidental declares state of calamity after Kanlaon blast
- 12/13 12:48 Harvard opens access to 1 million books for training AI models
- 12/13 12:21 Marcos aims to make PH military a 'world-class force'
- 12/13 11:39 Philippines deports 2,300 Pogo workers to China, other Asian countries
- 12/13 10:01 Gov’t eyes more diversified external financing before losing ODA perks
- 12/13 08:55 Teacher uses this trick to check students’ AI homework
- 12/13 05:30 Seized Pogo properties pose next gov’t challenge
- 12/13 02:32 It’s final: BCDA regains control of John Hay
- 12/12 22:14 2 more PH nature reserves tagged of ‘international importance’
- 12/12 10:59 VP Sara Duterte wrong in saying DOJ is ‘biased’ in probing her – exec
- 12/12 09:14 AI’s real impact on the global economy
- 12/12 05:48 Fisherfolk to SC: Void Manila Bay reclamation works
- 12/11 17:30 VP Sara Duterte considering hiring private security force
- 12/11 15:09 Local identity fraud cases surged 119% this year — study
- 12/11 14:24 DA bans poultry from The Netherlands
- 12/11 14:10 PDEA raises alarm over marijuana's growing popularity as holidays near
- 12/11 11:38 Marcos vows to make overseas work a choice, not a necessity
- 12/11 11:14 Readers more likely to distrust news from AI articles – study
- 12/11 07:32 Pogo phaseout in full swing; only 17 remain
- 12/11 05:55 Marcos rules out warship deployment in West Philippine Sea
- 12/11 02:04 World Bank trims PH growth outlook
- 12/10 15:34 China’s acts of war in West PH Sea accelerating ecological ruin
- 12/10 10:18 LTO vows stricter regulation of motorcycle taxis
- 12/10 05:50 Secret fund use hits P10B; OVP outspends 4 security agencies
- 12/10 05:45 Over 100 kilos of uranium seized in Pasay, CDO and Mandaue
- 12/10 04:40 Thousands evacuated as Mt. Kanlaon erupts anew
- 12/10 02:11 PH emerges as hot spot for RE investments
- 12/09 08:00 105 y.o. saved from stroke through advanced procedure in The Medical City
- 12/09 05:55 Chinese vessel hits BFAR ship with laser six times
- 12/09 05:50 Kalookan bishop, drug war critic is PH 10th cardinal
- 12/09 04:35 Eastern Samar has ‘fastest’ economic growth in Eastern Visayas
- 12/08 02:04 Demand for first-class seats rising among Filipino jetsetters
