The China-led Asian Infrastructure Investment Bank (AIIB) has greenlit a $300-million loan supporting capital expenditures (capex) for the improvement and expansion of three local ports operated by tycoon Enrique K. Razon Jr. ’s International Container Terminal Services Inc. (ICTSI). The latest...
Enrique K. Razon-led International Container Terminal Services Inc. (ICTSI) has sold its controlling stake in Yantai International Container Terminal Ltd. (YICTL) to its state-owned partner Yantai Port Holdings Co. Ltd. for about ₱6.7 billion due to lack of full control. YICTL, a joint venture...
Razon-led International Container Terminal Services Inc. (ICTSI) has broken ground on an ₱800 million expansion in Batanga, marking the start of construction for what will become the Philippines’ second-largest container gateway. The facility, branded as the South Luzon Container Terminal, is...
Razon-led International Container Terminal Services Inc. (ICTSI) is boosting its capital investment by 14 percent this year as it accelerates expansion across its global network from Mexico to the Philippines. In a disclosure to the Philippine Stock Exchange, ICTSI said the company earmarked $740...
Enrique K. Razon-led International Container Terminal Services Inc. (ICTSI) reported that the formal management transition of Durban Container Terminal Pier Two (DCT2) at Port of Durban commenced on Jan. 1, 2026. In a disclosure to the Philippine Stock Exchange (PSE), ICTSI said it had signed an...
Enrique M. Aboitiz, chairman of Aboitiz Equity Ventures Inc., was appointed as an independent director to the board of International Container Terminal Services Inc., the port operator led by billionaire Enrique Razon. Aboitiz will join the board on Jan. 1, 2026, to serve the unexpired term of...
Razon-led International Container Terminal Services Inc. (ICTSI) is investing about ₱10.34 billion to expand and modernize the operations of the ICTSI Rio Brasil Terminal at the Port of Rio de Janeiro. Minister of Ports and Airports Silvio Costa Filho announced the new private investment, which...
Enrique K. Razon-led International Container Terminal Services Inc. (ICTSI), the world’s largest independent terminal operator, has signed a 25-year partnership agreement with Transnet SOC Ltd. for the strategic Durban Container Terminal (DCT) Pier 2 in South Africa. “The landmark agreement...
The Brazilian business unit of Razon-led International Container Terminal Services Inc. (ICTSI), CLIA Pouso Alegre, has completed the expansion of its logistics and industrial center. ICTSI said the expansion strengthens the connection between Port of Rio de Janeiro and Southern Minas Gerais, a...
International Container Terminal Services Inc. (ICTSI) subsidiary Batu Ampar Container Terminal (BACT) and Interport Mandiri Utama (Interport), in cooperation with Batam Terminal Petikemas (BTP), will officially assume the single port operator role for the North Pier of Batu Ampar Port in...
Port operator International Container Terminal Services, Inc. (ICTSI) reported a 19 percent improvement in attributable net income to $751.56 million in the first nine months of the year from the $632.58 million earned in the same period of 2024 as global trade continues to grow despite US tariff...
Razon-led International Container Terminal Services Inc. (ICTSI), through its subsidiaries, will invest over $130 million in Subic Bay International Terminals after securing fresh extensions to its concession agreements, allowing the global port operator to manage the facilities until 2058. ICTSI...
