International Container Terminal Services Inc.

International Container Terminal Services, Inc. (ICTSI) (PSE: ICT) is a port management company in the Philippines. It was incorporated on December 24, 1987, and has been cited by the Asian Development Bank as one of the top five major maritime terminal operators in the world.

History

ICTSI was established by Filipino businessman Enrique K. Razon, whose family has been managing harbors in the Philippines for three generations, in connection with the bidding for the Manila International Container Terminal (MICT) contract. In February 2015, Forbes magazine named Razon the Third Richest Man in the Philippines, with a personal wealth of $5.2 billion.

In May 1988, the Philippine Ports Authority awarded the MICT contract to ICTSI, which started its operations of MICT on June 12, 1988. In March 1992, ICTSI's shares were listed on the Manila and Makati Stock Exchanges (now the Philippine Stock Exchange) following the initial public offering of its shares.