international container terminal services inc. type public company pse ict founded december 24 1987 founder enrique razon headquarters manila philippines number of locations 29 key people enrique k. razon jr. chairman of the board & president services container port establishment port management cargo handling railfreight service revenue php11 .388 billion 30.1 % yoy 2007 1 operating income php11 .39 billion 17.7 % 2007 1 net income php2 .79 billion 52.1 % 2007 1 total assets php31 .776 billion 1 total equity php18 .4 billion 1 owner capital group companies 8.7 % 2 number of employees 1 305 as of 2007 website www.ictsi.com 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 . 3 4 5 contents 1 history 2 asia pacific 3 americas 4 europe middle east and africa 5 see also 6 references 7 external links history edit 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 . 6 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 . the principal business of ictsi is the management operation and development of container terminals . the company directly operates the mict at the port of manila . in addition to its core container terminal activities ictsi has developed an inland container depot in calamba laguna linked via rail to the mict . the company has entered into a joint venture with a local company to develop a container terminal in batangas . after consolidating its base and flagship operations at the mict ictsi launched an aggressive international and domestic expansion program in 1994 and now has operations in japan poland ecuador brazil croatia and madagascar . in september 2012 capital group companies cgc has acquired 8.7 % of the company shares . 2 asia pacific edit manila international container terminal manila philippines in 1988 ictsi won in an international tender a 25 25 year concession to manage operate and develop the manila international container terminal mict ictsi s flagship operation and the philippines leading international trading gateway . ictsi s responsibilities include port management operations and administration port development and construction including port planning and programming supply of all equipment and investment risk . the mict is one of the three terminals in the port of manila the core of the philippine port system . the mict is located between the north and the south harbors protruding westward into the manila bay at the mouth of the pasig river the city s major waterway . a dedicated container terminal the mict mainly handles international containerized cargo . ictsi also handles bulk cargo at the mict basin anchorage . the mict today is the philippines largest international container terminal in terms of volume and capacity capturing 65 percent market share in the port of manila . guaranteed efficiencies make it the most efficient in the country at par with the best terminals in the world . moreover seamlessly integrated operational and administrative systems make it the most modern and efficient terminal in the philippines . new container terminal 1 subic bay freeport olongapo in june 2007 the subic bay metropolitan authority sbma awarded sbitc the concession to operate the new container terminal 1 nct 1 at the subic bay freeport . after transferring its operations from the nsd terminal to nct 1 sbitc began operating nct 1 in april 2008 . the terminal was formally inaugurated in may of the same year . new container terminal 2 subic bay freeport olongapo in september 2011 the subic bay metropolitan authority awarded the contract for the operation and management of the new container terminal 2 nct 2 to ictsi subic inc. nct 2 is the second phase of the subic port modernization project co funded by the japanese government through the japan bank for international cooperation . bauan international port batangas in 1997 ictsi formed the bauan international port inc. bipi a joint venture company with atlantic gulf and the pacific co. ag & p to manage operate and develop the 20 hectares bauan terminal . marubeni philippines later joined the consortium . the terminal a private facility supports cargo movements in and out of the industrial zones of southern luzon . makar wharf port of general santos south cotabato in august 1999 ictsi together with asian terminals inc. ati acquired 71.4 percent of the shares of south cotabato integrated port services inc. scipsi a stevedoring and cargo handling service provider at the makar wharf terminal in gen. santos city in the island of mindanao southern philippines . sasa wharf international port of davao philippines in december 2006 ictsi acquired a majority stake in davao integrated port and stevedoring services corp. dipsscor . through abbotsford holdings inc. ahi ictsi s philippine investment arm ictsi purchased 90.7 percent of the outstanding capital stock of dipsscor which has a 10 year contract with the philippine ports authority to provide cargo handling services at the sasa wharf in davao city . mindanao container terminal phividec industrial estate misamis oriental in may 2008 ictsi and the phividec industrial authority pia officially sealed a 25 year concession to operate the mindanao container terminal mct . hijo international port tagum city davao philippines in november 2012 ictsi entered into a joint venture with hijo resources corp. hrc to develop and manage the international port in tagum city davao del norte in southern philippines . laguna inland container depot calamba city philippines in 2015 international container terminal services inc. ictsi through its subsidiary iw cargo handlers inc. forged a joint venture with nippon container terminals co. ltd. transnational diversified corp. and nyk fil japan shipping corp. to establish an inland container depot in calamba laguna . the laguna gateway inland container depot lgict is a medium term development project to expand the manila international container terminal mict . yantai international container terminal in april 2007 international container terminal services inc. ictsi took over the operation and management of the yantai gangtong container terminal ltd. ygct a government owned corporation operating in the port of yantai shandong province people s republic of china . ygct was later renamed yantai rising dragon international container terminals ltd. yrdictl and operated berths 38 and 39 mostly handling domestic cargo at that time and gradually building up foreign trade cargo and reached over 50 percent in 2013 . in may 2014 the chinese government through the shandong ministry of commerce approved the consolidation of port services in yantai . the move enabled ictsi to purchase 51 percent shares of dp world yantai co. ltd. which operates in berths 51 52 61 and 62 . dp world yantai co. ltd. was renamed to yantai international container terminals ltd. yict and handles all foreign trade cargo in the yantai market exclusively . makassar container terminal south sulawesi indonesia in may 2006 ictsi subsidiary ictsi far east pte. ltd. purchased 95 percent of the total outstanding shares of singapore based portek systems and equipment pte. ltd. and indonesian liner pt pelayaran nusantara meratus in pt makassar terminal services mts cargo handler at the makassar container terminal mct in south sulawesi . muara container terminal brunei darussalam on 21 may 2009 international container terminal services inc. ictsi and the government of his majesty the sultan and yang di pertuan of brunei darussalam represented by its ports department ministry of communications signed a services agreement and a handover agreement for the operation and maintenance of the muara container terminal mct in brunei darussalam . the agreement covers a period of four years which may be extended for one year at a time for a maximum of two years . tanjung priok berths 300 303 jakarta indonesia in may 2012 ictsi s singaporean unit ictsi far east ltd purchased idx listed company pt karwell indonesia tbk and renamed it pt ictsi jasa prima tdk ijp . in july 2012 ictsi purchased all the shares of pt pbm olah jasa andal oja operator of berths 300 303 in the port of tanjung priok in indonesia . pakistan international container terminal in october 2012 international container terminal services inc. ictsi through ictsi mauritius limited ictsiml signed a definitive share purchase agreement spa with pakistan international container terminal pict to acquire 35 percent of the outstanding shares of pict . in november december 2012 and july 2013 ictsiml purchased additional shares increasing its ownership to 64.53 percent . this effectively gave ictsi control of pict s 21 year concession at the karachi port that began in 2002 . victoria international container terminal on 29 april 2014 international container terminal services inc. ictsi through its australian subsidiary victoria international container terminal limited victl signed the contract to design build commission and operate the terminal and the empty container park ecp at webb dock east in melbourne australia . ictsi signed a 26 year contract with port of melbourne corporation pomc . americas edit suape container terminal pernambuco brazil 7 in april 2001 the suape port authority declared ictsi the winning bidder to manage and operate the suape container terminal sct at the suape industrial port complex in ipojuca pernambuco in the northeastern most tip of brazil . the concession period is 30 years . ictsi established a brazilian subsidiary tecon suape s.a. tssa to operate the terminal . tssa officially took over operations of the sct in april 2002 . container and multipurpose terminals guayaquil ecuador in march 2007 ictsi was declared winner by autoridad portuario de guayaquil apg of the 20 year public service concession for the container and multipurpose terminals at the port of guayaquil in ecuador . ictsi established contecon guayaquil sa cgsa as a special purpose company to manage and operate the terminal . cgsa took over operations in august 2007 . the terminal handles containerized general and bulk cargo and holds 65 percent market share of the whole of ecuador . terminal 6 port of portland oregon usa in may 2010 ictsi signed a 25 year lease with the port of portland for the operation of the container breakbulk facility at terminal 6 . the port of portland lease is ictsi s first venture in the united states of america and will be the company s exclusive focus on the us west coast . the agreement is also considered the largest financial transaction in the history of the city s maritime port . buenaventura container terminal project colombia in july 2007 ictsi completed agreements for the construction and development of a new multi user container terminal at the port of buenaventura in colombia . the agreement include the acquisition of stakes in two panamanian companies to gain effective control of sociedad puerto industrial aguadulce s.a. la plata container terminal project argentina in october 2008 ictsi concluded the signing of the 30 year concession agreements to develop and operate the terminal . consorcio de gestion del puerto la plata cgplp granted the agreements in favor of tecplata s.a. the concession is renewable for another 30 years . port of manzanillo mexico 8 in november 2009 ictsi was declared winner by the administracion portuaria integral de manzanillo s.a. of the 34 year concession for the development and operation of the second specialized container terminal of the port of manzanillo . specialized container and general cargo terminal puerto cortes honduras 9 on 1 february 2013 ictsi