International Container Terminal Services (PSE: ICT)

International Container Terminal Services (ICT, the “Company”) is mainly engaged in the business of management and operation of container terminals serving the container shipping industry. The Company was signed with Philippine Ports Authority (PPA) a 25-year concession for Manila International Container Terminal (MICT) in May 18, 1988. The Company leveraged on their experience in MICT to create an international network of container terminals focused on emerging market economies. ICT’s operations can be classified by geographic location namely, Asia, Europe, Middle East, and Africa, and Americas. Below is the Company’s revenue mix and 6-year historical trend:


ICT is involved in 27 terminal concessions and port development projects in 19 countries worldwide which are summarized as follows:


The Company’s strategy is to continue to develop its existing portfolio of terminals and expand through acquisitions. In a news article, the Company plans to operate 100 ports in the next 25 years. [1] The Company handled 5.6 million twenty-foot equivalent units (TEU) in 2012 from its 27 ports worldwide.


ICT is poised for growth in the coming years regardless of the economic condition. Below are ICT ports that are yet to be in commercial operations or yet to contribute full year of operations in the books of ICT:



  1. ICTSI aims to run 100 global ports next 25 years,
  2. ICTSI to spend $250M on Mexican terminal,
  3. International Container Terminal Services, Inc., Sociedad Puerto Idustrial del Aguadulce S.A. (SPIA), Aquadulce, Colombia,
  4. ICTSI eyes complete takeover of Argentina port operations,

Disclaimer: I do not claim to be an expert and nothing I say should be taken as a recommendation to buy or sell. Read more in the ABOUT page.


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