- Business
- International Container Terminal Services, Inc. (ICTSI) develops, acquires, manages and operates container terminals and ports worldwide, serving the global container shipping industry as the largest independent terminal operator across six continents. Established in December 1987 and headquartered in Manila, Philippines, the company handles containerized cargoes for import and export; provides ancillary services including storage, container packing and unpacking, inspection, weighing, and refrigerated container or reefer services; offers roll-on/roll-off and anchorage services for non-containerized or general cargoes; and manages break bulk cargoes, with 33 terminal operations in 19 countries across Asia, Europe, the Middle East, Africa and the Americas, including its flagship Manila International Container Terminal. ICTSI organizes its activities into three geographic segments—Asia, Europe/Middle East/Africa, and Americas—targeting origin and destination gateway terminals with annual throughputs from 50,000 to 3 million twenty-foot equivalent units (TEUs), employing over 11,000 people and emphasizing operational efficiency through digital technologies and 24-hour services.
In recent developments, ICTSI reports strong nine-month 2025 financials with net income up 19% to US$751.56 million, revenues from port operations rising 16% to US$2.34 billion, EBITDA increasing 17% to US$1.54 billion, and throughput growing 11% to 10.69 million TEUs, driven by volume growth, tariff adjustments and ancillary service expansion across regions. The company invests approximately US$580 million in capital expenditures for 2025, funding expansions at Contecon Manzanillo S.A. in Mexico, ICTSI DR Congo S.A. in the Democratic Republic of Congo, Manila International Container Terminal and other Philippine sites, new projects in Batangas and Cagayan de Oro in the Philippines, ICTSI Rio in Brazil, Batu Ampar Container Terminal in Batam, Indonesia under a 30-year concession, and equipment upgrades including hybrid automated straddle carriers at Victoria International Container Terminal. Additionally, ICTSI Americas BV raised its stake in FII Inhaúma to 73% to support ICTSI Rio Brazil operations and future projects, while its Brazil unit CLIA Pouso Alegre opened a new logistics center with 30,000 square meters of bonded area and refrigerated storage to enhance connectivity between Rio de Janeiro and southern Minas Gerais.