ICTSI

5 May 2025

11:27PM

Razon's ICTSI hits all-time high earnings in Q1 2025, stays cautious amid global headwinds

Facing growing uncertainty in global trade, International Container Terminal Services, Inc. (ICTSI) struck a note of caution even as it posted record earnings of $239.54 million in the first quarter of 2025, up 14 percent from the previous year.

25 Apr 2025

8:34AM

Ports tycoon Razon: US global trade flip-flopping ‘creating chaos’

By: Miguel R. Camus

Global trade is being upended by unpredictable policy shifts, and billionaire Enrique Razon Jr., owner of the world’s largest independent cargo port operator, isn’t hiding his frustration.

21 Apr 2025

11:27AM

Razon’s ICTSI expands Brazil footprint with new stake in Rio marine property

Tycoon Enrique Razon Jr.'s International Container Terminal Services Inc. (ICTSI) has strengthened its position in Brazil with the acquisition of a strategic marine property in Rio de Janeiro.

18 Apr 2025

11:30AM

World’s biggest cargo shipper MSC adds new route at Razon’s Croatia port

Tycoon Enrique Razon Jr.’s Adriatic Gate Container Terminal (AGCT) has secured a major connectivity upgrade with the launch of MSC’s new standalone HADRIA service.

9 Apr 2025

6:52PM

Infra investments pay off as ICTSI’s Iraq port handles record-sized cargo vessel

Basra Gateway Terminal, the Iraq operation of International Container Terminal Services Inc. (ICTSI), successfully handled the HMM Daon, a vessel with a capacity of 16,010 twenty-foot equivalent units, the company said.

3 Apr 2025

3:37PM

ICTSI expands Iloilo’s trade reach with new weekly Asian shipping link

The firm controlled by billionaire Enrique Razon Jr. said the restructured China-Philippines Express 7 route – operated by SITC Container Lines – marks a significant step in linking Western Visayas with major Asian and domestic markets.

2 Apr 2025

9:53AM

Hapag-Lloyd launches direct China-Philippines service via ICTSI Manila

The feeder service provides a direct link between the Chinese port of Nansha and Philippine ports, including Batangas, Manila, and Subic Bay. It also connects through regional transshipment hubs such as Tanjung Pelepas in Malaysia and Singapore.

12 Mar 2025

6:39AM

Razon's Matadi Gateway terminal expands to speed up trade in Congo

Matadi Gateway Terminal (MGT), operated by International Container Terminal Services, Inc. (ICTSI) in the Democratic Republic of the Congo, is set to roll out major infrastructure upgrades in 2025, aiming to cement Matadi’s dominance as the country’s top maritime hub while driving trade efficiency and economic growth.

6 Mar 2025

2:08PM

Razon’s ICTSI hits record $849.8M profit; strong cash flow to fuel growth

Tycoon Enrique Razon Jr.’s International Container Terminal Services Inc. (ICTSI) reported its highest-ever net income in 2024, with profits surging 66 percent to $849.8 million, fueled by strong revenue growth and higher interest earnings on cash balances.