LISTED ports operator International Container Terminal Services Inc. (ICTSI) said it has agreed to terminate a deal to operate a container facility at a terminal of the Port of Portland in Oregon, US, due to labor issues that idled the terminal and led to the eventual departure of major cargo carriers.
In a disclosure to the Philippine Stock Exchange on Tuesday, ICTSI said its subsidiary ICTSI Oregon Inc. and the Port of Portland mutually agreed to terminate the 25-year lease agreement to operate Terminal 6.
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