In a statement, PNG Ports revealed that statistics released last month revealed that cargo volumes have gone up while vessel turnaround times have been reduced significantly by about 50%.
Both ports are managed by the International Container Terminal Services Inc. (ICTSI) South Pacific.
In September 2017, PNG Ports and the government signed a 25-year terminal management agreement with the ICTSI Group to run these two port facilities. Lae port now trades as the South Pacific International Container Terminal (SPICT) and Motukea, as the Motukea International Terminal (MIT).
