About
International Container Terminal Services, Inc. (ICT) was incorporated on December 24, 1987 to operate, manage and develop the Manila International Container Terminal (MICT), which handles international container cargo at the Port of Manila. In May 1988, the Philippine Ports Authority awarded to ICT a concession to be the exclusive operator of MICT for a period of 25 years. ICT started operating MICT on June 12, 1988. ICT's concession contract for MICT was extended for another 25 years up to May 18, 2038.
The principal business of ICT is the operation, management, development, and acquisition of container terminals. The primary mechanism for the operation of these terminals is long-term concession agreements with local port authorities and governments through ICT and its subsidiaries. ICT and its subsidiaries also provide ancillary services such as storage, container stripping and stuffing, inspection, weighing and services for refrigerated containers or reefers, as well as roll-on/roll-off and anchorage services to non-containerized cargoes or general cargoes on a limited basis.
Currently, the ICT Group is involved in 32 terminal operations, including concessions and port development projects in 19 countries worldwide. There are 10 terminal operations in the Philippines- including an inland container terminal, a barge terminal, and combined terminal operations in Subic- four in Brazil; two in Papua New Guinea; and one each in China, Indonesia, Ecuador, Poland, Georgia, Madagascar, Croatia, Honduras, Mexico, Iraq, Argentina, Democratic Republic Congo, Colombia, Australia, Cameroon and Nigeria.
Source: SEC Form 17-A (2024)