Timeline - ICTSI

In the Spotlight


• 8 December - International Container Terminal Services, Inc. (MICT) is incorporated by the Soriano Group, the Razon Group, and Sea-Land Services, Inc. to bid for the concession of the Manila International Container Terminal.

• 18 May - ICTSI is awarded the Manila International Container Terminal concession, beating seven other international consortia.
• 12 June - ICTSI takes over operations of its first concession, the MICT, and immediately rolls out projects for infrastructure upgrades, computerization, purchase of equipment, streamlining of processes and procedures. Today, the MICT is now the ICTSI Group’s flagship and benchmark for future concessions.
• December – ICTSI joins the ranks of the Philippines’ top 1,000 corporations.

• 31 December - The MICT receives its first new equipment, a post-Panamax quay crane, the first of its kind in the Philippines.

• ICTSI starts rolling out several IT terminal systems, pioneering terminal automation in the Philippines.

• January – ICTSI receives an award from the Philippine Ports Authority (PPA) for substantially increasing container throughput at the MICT, and for honoring its commitments to the PPA.
• 23 March – ICTSI is listed in the Makati and Manila Stock Exchanges (now the Philippine Stock Exchange), where it eventually becomes part of the bourse’s composite index.
• June – ICTSI receives its first foreign citation – one of Asia’s 100 best managed companies and seventh top Philippine company based on a survey by Asiamoney and Finance Magazine among the region´s leading institutional investors.
• ICTSI joins the Philippine Business for Social Progress, marking the start of the Group’s corporate citizenship program.

• June - ICTSI is ranked 14th among the world´s top 20 container terminal operators by Port Development International.
• June – For the second consecutive year, ICTSI is one of the Philippines’ best managed companies based on a survey by Asiamoney and Finance.
Cargonews Asia names ICTSI one of Asia’s top four terminal operators

• 14 July - Philippine President Fidel V. Ramos inaugurates the MICT quay crane no. 5, the first visit of a Philippine president to the terminal.

• May - ICTSI wins its first foreign concession, Terminal 5 in the Port of Buenos Aires in Argentina.

• October – Argentine President Carlos Saul Menem visits the MICT, the first visit of a foreign president

• September - ICTSI is ranked fifth Best Container Terminal Operator in the 7th Asian Freight Industry Awards.
• 16 November – Peruvian President Alberto Fujimori visits the Manila International Container Terminal.

• May – Philippine President Fidel Ramos visits the Veracruz Specialized Container Terminal, ICTSI’s second foreign concession, during his state visit to Mexico.
• November - Forbes Magazine names ICTSI as one of the world´s 100 Best Small Foreign Companies.
• 30 September – ICTSI Warehousing Inc. enters into an agreement with Atlantic, Gulf and the Pacific Co. forming Bauan International Port, Inc., which will operate and develop a private port in Bauan, Batangas.
• ICTSI completes its first major port infrastructure, the MICT’s Berth 5, way ahead of its contractual obligation.

• April – The MICT is awarded ISO 9002 certification for the MICT, setting the goal for management excellence for all other ICTSI subsidiaries.
• April - ICTSI is cited in Asiamoney’s survey among financial analysts as one of Asia´s best-managed companies, specifically in the categories of Best Investor Relations, Best New Company, and Best Small Company.
• 21 September – Philippine President Joseph Estrada visits Terminal 5 in the Port of Buenos Aires, and lauds ICTSI as the first Philippine company to establish a business presence in Argentina.
• November - ICTSI is ranked eighth by the Asia’s leading institutional investors for management excellence among Philippine companies in a survey conducted by the Asset Magazine.
• November - ICTSI buys into South Cotobato Integrated Port Services, Inc., which provides stevedoring and cargo handling services at the Makar Wharf in the Port of General Santos in southern Philippines. This is ICTSI’s second terminal in the Philippines.

• The Asian Development Bank in its report Developing Best Practices for Promoting Private Sector Investment in Infrastructure: Ports mentioned ICTSI as among the major global terminal operators. The report also cited that ICTSI successfully operated the MICT for the past decade.
• 2 February - ICTSI, Royal Ports Services, Inc. and Subic Bay Metropolitan Authority sign an agreement for the management, operation and development of the 10-hectare Naval Supply Depot (NSD) in Subic Bay Freeport in the Philippines. Subsidiary Subic Bay International Terminal Corp. was formed to manage the NSD.
• ICTSI begins development of its Bauan Terminal in Batangas in the Philippines through subsidiary Bauan International Port, Inc. Today, the Bauan Terminal leads in the handling of completely built up vehicles.

• May - ICTSI wins the bid for the 30-year concession to manage the Suape Container Terminal (SCT) in Pernambuco, Brazil.
• 15 June - ICTSI sells its foreign terminals to Hutchison Ports Holdings, placing ICTSI in a stronger financial position despite the Asian financial crisis.
• 27 July - Tecon Suape S.A. (TSSA) signs the concession agreement for the operation, management and development of the Suape Container Terminal.
• October - The MICT pioneers e-commerce for Philippine terminal operations with the roll-out of the MICT iBox, an e-commerce facility where clients can transact, obtain information and pay port charges online 24/7.

• February - ICTSI rolls out its first in-house developed software, TopMan v.1, a terminal monitoring security application that provides real-time data on container terminal operational efficiency and productivity. This is the first of its kind in the Philippines, and is soon adopted for other ICTSI terminals.
• 20 April - TSSA, an ICTSI subsidiary and manager and operator of the Suape Container Terminal, begins commercial operation
• 23 September - Philippine President Gloria Macapagal-Arroyo visits the MICT, and lauds ICTSI for investing PhP850 million for the MICT for 2002 alone.
• September - ICTSI rolls out the Ariba Enterprise Sourcing and Contracts, which is soon adopted in all its other terminals.
• ICTSI receives two Aduana Awards from the Philippine Chamber of Customs Brokers, Inc.: an institutional award for the company and a posthumous award for ICTSI’s founding Chairman, the late Enrique Razon Sr.
• 18 December - The MICT handles its one millionth TEU. This is the first time that the MICT hit the one million TEU mark, and the MICT is the first ICTSI terminal to make achieve this volume.

• 5 January - The MICT services dedicated car carrier vessels for the first time, loading and offloading some 1,000 completely built-up Ford vehicles.
• 27 Februrary - ICTSI wins the bid for the 20-year concession for the Baltic Container Terminal (BCT) in Gdynia, Poland. This is Eastern Europe’s first port privatization effort, and ICTSI’s first foray into Europe.
• 30 May - ICTSI and Gdynia Port Authority sign agreements, which marked the completion of the privatization of the BCT.
• 1 June – ICTSI completes the privatization process for BCT, and takes over operation after being awarded the concession in May.
• November - Forbes Global selects ICTSI as one of the world’s 200 “Best Under a Billion” companies in 2003. Of 80 companies chosen in Asia, ICTSI is one of two from the Philippines.
• December - ICTSI and banking partner Societe Generale receive the “Best Port Deal of the Year” award for ICTSI’s acquisition of the Baltic Container Terminal.

• 16 June - BCT becomes ISPS certified.
• 18 June - The SCT becomes the first Brazilian port to be ISPS certified, and is made the benchmark for the certification of other Brazilian ports.
• 29 June – The MICT becomes the first Philippine port to be ISPS compliant.
• June – Subic Bay Freeport, whose facilities include the NSD operated by subsidiary SBITC, becomes ISPS certified.
• June – Makar Wharf becomes ISPS certified.
• 8 October – Philippine Senate President Franklin Drilon visits BCT.
• 23 November – ICTSI’s corporate website is voted as the People’s Choice in the 7th Philippine Web Awards.
• 22 December – ICTSI is awarded the concession to operate the Naha International Container Terminal in Okinawa, Japan. It is the first time that a foreign company is allowed to operate a Japanese facility.

• 25 January - Naha Port Authority and Naha International Container Terminal, Inc. (NICTI), an ICTSI subsidiary, sign the basic agreement for NICTI to operate Terminals 9 and 10 at the Naha Port in Okinawa, Japan beginning 1 January 2006.
• March - In a poll conducted by Asia Money, fund managers and investment analysts vote ICTSI first among Philippine companies for most improved website, second for most improved financial management (first place in the small cap category) and best operational efficiency.
• April - ICTSI Far East Pte Ltd (IFE) purchased 95 percent shareholdings of PT Makassar Terminal Services, joint operator of the Makassar Container Terminal in South Sulawesi, Indonesia. IFE purchased shares of Singapore-based Portek Systems and Equipment Pte Ltd and Indonesian liner PT Peleyaran Nusantara Meratus.
• April - ICTSI is voted the Philippines’ “Best Small Cap” in FinanceAsia’s Asia’s Best Companies 2005 poll among fund managers and investment analysts.
• April - ICTSI is voted one of three finalists for Best Global Container Terminal Operator in Cargonews Asia’s 19th Annual Asian Freight Industry & Supply Chain Awards.
• 14 June - In its June investors report, Deutsche Bank cites ICTSI as the “best valued port operator in Asia.”
• 16 June - ICTSI signs the 20-year concession to manage and operate the Toamasina International Container Terminal in Madagascar. Subsidiary Madagascar International Container Terminal Services Ltd. is formed to operate the terminal. This is ICTSI’s first African terminal.
• 16 October - ICTSI takes over operation of the Madagascar International Container Terminal.

• 20 February - PPA granted SCIPSI a new 10-year cargo handling contract for the Makar Wharf in the Port of Gen. Santos.
• 21 April - PPA granted Davao Integrated Port Stevedoring Services Corp. (DIPSSCOR) a new 10-year cargo handling contract for the Sasa Wharf in the Port of Davao.
• 27 July - ICTSI wins the 10-year container terminal operating concession of the Tartous International Container Terminal (TICT) in Tartous, Syrian Arab Republic.
• 10 November - The Philippine Office of Transportation Security issues a five-year Statement of Compliance of a Port Facility certificate to the MICT, making it the first port in the Philippines to be issued the long term credential.
• 29 December - ICTSI acquires 90.7 percent of DIPSSCOR from Aboitiz Transport System Corp. DIPSSCOR provides cargo handling at the Sasa Wharf in Davao City in Southern Philippines. This is ICTSI’s second terminal in Mindanao.

• 10 January - ICTSI signs a joint venture contract with Yantai Port Group Company Ltd. and SDIC Communication to purchase 60 percent of Yantai Gangtong Container Terminal Company Ltd., Chinese operator of Yantai Gantong Terminal in Shandong Province, China.
• March - At the Regional Workshop on Public-Private Partnership in Transport held in Riga, Latvia, the World Bank highlights ICTSI´s port projects in South America, Africa and Europe as examples of successful Public-Private Partnerships.
• April - In a poll conducted by The Asset Magazine, ICTSI is given honorable mention for Corporate Governance (Rank 1st).
• 1 April - Yantai Rising Dragon International Container Terminals Ltd., a subsidiary of ICTSI, takes over operations of the Yantai Gangtong Container Terminal in Shandong Province. ICTSI renames the terminal to Yantai Rising Dragon International Container Terminal.
• June - In a poll conducted by Finance Asia, ICTSI is chosen as the Philippines´ top Mid Cap Company.
• June - Contecon Guayaquil SA (CGSA), a subsidiary of ICTSI, signs a contract with the Autoridad Portuario de Guayaquil for the 20-year Public Service Concession for the Container and Multi-Purpose Terminals at the Port of Guayaquil in Ecuador.
• 18 June - Yantai Rising Dragon International Container Terminal is formally inaugurated.
• 6 July - The Colombian National Institute of Concessions grants ICTSI the 30-year concession for the development of a new container terminal in the Port of Buenaventura in Colombia.
• 1 August - CGSA formally takes over operation of the Container and Multi-purpose Terminals in the Port of Guayaquil in Ecuador. Guayaquil is Ecuador’s largest and main marine gateway.
• 21 September - ICTSI obtains from Batumi Port Holdings Ltd. a new concession for the container terminal and other cargo handling facilities at the Port of Batumi in Georgia.
• 1 October - Forbes Asia names ICTSI as one of Asia´s 200 Best Under a Billion Companies. ICTSI is the only Philippine company included.
• 2 November - ICTSI officially takes over operation of the Port of Batumi in Georgia.

• 31 March - ICTSI wins the bid for the Mindanao Container Terminal in Misamis Oriental in southern Philippines
• 2 April - Subic Bay International Terminal Corp. starts operating the New Container Terminal-1 at Subic Bay Freeport after transferring from the Naval Supply Depot.
• 25 April - ICTSI and Phividec sign the 25-year concession for the Mindanao Container Terminal. Subsidiary Mindanao International Container Terminal Services Inc. (MICTSI) will manage the terminal.
• 25 June - Phividec formally turns over to MICTSI operation of the Mindanao Container Terminal.
• 9 July - ICTSI increases its shareholdings in SCIPSI to 50.08 percent.
• 24 September - The World Investment Report of the United Nations Conference on Trade and Development cites ICTSI as one of the top 50 infrastructure transnational corporations in developing and transition economies in terms of foreign assets. ICTSI is the only Philippine company in the list.
• 16 October - Tecplata SA entered into a 30-year concession agreement for the development and operations of a new container terminal in the Port of La Plata, Buenos Aires, Argentina.

• March - BCT wins the Bronze Emblem of Quality International from the jury of Forum Jakosci Quality International.
• 30 April - ICTSI receives the Special Award for Outstanding Achievement in Industrial Peace and Harmony from the Employers Confederation of the Philippines.
• 22 May - ICTSI signs a Service Agreement and a Hand-Over Agreement for the operation and maintenance of the Muara Container Terminal (MCT) in Brunei Darussalam. The MCT is Brunei’s main marine gateway.
• 5 May - Philippine President Gloria Macapagal-Arroyo visits Tartous International Container Terminal in Syria, the first Philippine President to visit the country.
• 5 May - ICTSI is cited for the fourth time by FinanceAsia as one of the best managed companies in the Philippines. ICTSI placed in three of the survey´s seven categories: fifth in best investor relations, sixth in most committed to a strong dividend policy, and 10th in the best managed category.
• 12 May - CGSA receives four ISO certifications from the Bureau Veritas of Ecuador, becoming the first Latin American container port to be ISO certified.
• 24 June - SCIPSI receives the Investors in People (IiP) certification from the People Management Association of the Philippines, becoming the first cargo handling company in the Philippines to be IiP certified.
• 23 June - Philippine President Gloria Macapagal-Arroyo inaugurates the SCT’s expanded container area during her state visit to Brazil. ICTSI is the largest Philippine private sector investment in South America´s largest economy.
• 23 June - ICTSI is one of the Top 100 Companies in ASEAN Relative Wealth-Added Index in a study conducted by New York-based Stern Steward & Co., and only one of two Philippine companies that made profit for shareholders.
• 11 June - CGSA receives the Centenario award from the Chamber of Commerce of Guayaquil (CCG) for being one of the top companies in Ecuador. CCG recognizes the business performance of CGSA contributing significantly to the development of Ecuador.
• 5 June - Argentine President Cristina Fernandez inaugurates construction works on La Plata port. ICTSI earmarks USD207 million to build a container terminal that can handle 500,000 containers at the port.
• September - Vistazo, an Ecuadorian-based magazine ranks CGSA 116th in the top 500 companies in Ecuador, citing CGSA´s 50 percent improved proficiency in cargo handling and 30 percent improvement in vessel operations compared to 2008.
• 26 November - SCIPSI and the Sarangani Marine and General Workers Union receive a plaque of recognition from the Philippine National Conciliation and Mediation Board of the Department of Labor and Employment-Mindanao for upholding the advocacy of dynamic labor-management relations through an effective Labor-Management Cooperation
• 30 November - Mexico’s Administracion Portuaria Integral de Manzanillo, S.A. declares ICTSI the winner of the 34-year concession for the development and operation of the second Specialized Container Terminal in the Port of Manzanillo.
• December - TICT is declared the Best Container Terminal Manager in the World Finance Syria Economic Reform Awards. World Finance, a leading financial magazine from London, recognizes companies included in the awards for braving the economic challenges facing Syria.

• 11 April - ICTSI ranks third in FinanceAsia´s Best Mid-Cap companies in the Philippines.
• 12 May - ICTSI signs a 25-year lease with the Port of Portland for the operation of the 77.7-hectare container terminal and breakbulk facility at Terminal 6. The agreement is considered the largest financial transaction in the history of the city´s maritime port, and is ICTSI´s first venture in the USA.
• 15 June - ICTSI signs a 34-year concession with the Administracion Portuaria Integral de Manzanillo, S.A. for the development and operation of the second Specialized Container Terminal of the Port of Manzanillo in Mexico.
• June - Gestion, an Ecuadorian-based magazine ranks CGSA 45th in the top 500 biggest businesses in Ecuador in 2009. The selection is based on the income analysis made by Superintendency of Companies.
• June - Diario El Universo, a leading newspaper in Ecuador, ranks CGSA 94th in the 100 biggest companies in the country.
• July - EKOS, a business magazine ranks CGSA 114th out of 400 companies with the biggest business in Ecuador in 2010.
• 23 September - CGSA receives the Eco-Efficiency Award from the Municipality of Guayaquil. This annual award recognizes the best practices of a company to protect the environment.
• September - Vistazo, an Ecuadorian-based magazine ranks CGSA 88th in the top 500 companies in Ecuador. The Vistazo survey highlights CGSA´s 70 percent of the country´s total sales.
• October - ICTSI ranks third in Finance Asia´s Best Mid-Cap in the Philippines. This is the fifth time that ICTSI has been included in the Hong Kong-based financial magazine´s annual survey.

• 31 January - ICTSI ranks second in Euromoney´s Best-Managed Companies in Asia. Euromoney, a top financial magazine based in London
• 12 February - ICTSI formally takes over Port of Portland´s Terminal 6 container and break-bulk facilities.
• March - ICTSI Capital BV entered into a share purchase agreement with Luka Rijeka DD to purchase 51 percent interest in the Adriatic Gate Container Terminal (AGCT), which operates the Bradjica Container Terminal in Rijeka, Croatia. AGCT has a 30-year concession agreement to operate and develop the terminal.
• 18 March - The Subic Bay Metropolitan Authority Board of Directors awards the contract for the operation and management of the New Container Terminal 2 (NCT-2) to ICTSI. The $215-million Subic port modernization project is co-funded by the Japanese government through the Japan Bank for International Cooperation.
• 6 April - ICTSI signs a container port operation agreement for the management and operation of Kattupalli Container Terminal in Tamil Nadu, India. This is ICTSI’s first venture in India.
• 28 April - ICTSI raises $200 million through the sale of perpetual bonds, the first hybrid bond out of the Philippines.
• 9 May - CGSA wins the International Transport Award from Trade Leader’s Club in recognition of the Company’s vital role in worldwide logistics and supply chain.
• July - ICTSI signs an agreement with Croatian Railways to increase the intermodal capacity of the Adriatic Gate Container Terminal in the Port of Rijeka, Croatia, as the terminal gears up to become the international trading gateway for central and southeastern Europe.
• 27 July – ICTSI and SBMA sign a 25-year concession for the operation and management of NCT-2.
• 5 September – Subsidiary Contecon Manzanillo SA and China Harbour Engineering Company sign a two-year contract for the construction of stage 1-A of a container terminal in Manzanillo, Mexico.
• 15 September – Subsidiary Baltic International Container Terminal LLC (BICTL) receives recognition for container volume growth in 2010 from the Centre for Information and Analytics “Black Sea Trans.”
• September - BICTL services MSC Ukraine, the largest vessel to dock in the Black Sea coast of the Republic of Georgia.

• January - ICTSI’s USD200 million hybrid issued in April 2011 is cited as the Philippine Capital Markets Deal of the Year by IFR Asia, Philippine Deal of the Year by Alpha Southeast Asia, and Best Deal of the Year by The Asset.
• March - ICTSI and Lekki Port LFTZ Enterprise sign a Memorandum of Understanding for the operation of the container terminal of Tolaram Port@Lekki in Nigeria. Slated for completion in 2016, the project is the largest of its kind in Sub Saharan Africa.
• March - CorporateGovernanceAsia chooses ICTSI as the Best Investor Relations Company in the Philippines.
• 15 May - ICTSI Oregon, Inc. receives the Foreign Direct Investment Business Award at the Annual International Awards and Scholarship Dinner in Portland, Oregon in the United States.
• June - ICTSI opens the Manila International Container Terminal’s Berth 6, a USD200 million investment, again ahead of its contractual obligation. The new berth increases the terminal’s capacity to 2.5 million TEUs, the largest in the Philippines and among ICTSI’s terminals worldwide.
• August - CGSA ranks 32nd out of 90 companies in the survey of the top companies in Ecuador commissioned by Diario El Universo, one of the country’s major publications.
• 18 October - ICTSI acquires 35 percent of the total issued capital of Pakistan International Container Terminal Ltd., operator at the Port of Karachi.
• November - ICTSI acquires a 65-percent stake in Hijo International Port Services, Inc. (HIPS), owner and developer of the Hijo International Port in Tagum City, Davao del Norte in southern Philippines. ICTSI will expand the terminal, which, when completed, will make the terminal Mindanao’s largest, second only to Manila.

• January - Leading international magazine Euromoney names ICTSI as winner of the overall best managed company in Asia for the transportation / shipping sector in the Euromoney ‘Best Managed and Governed Companies - Asia poll 2013.’
• 30 January - The Kattupalli International Container Terminal in Tamil, Nadu India is officially inaugurated.
• 4 February - ICTSI wins the International Public Bidding Process for the Design, Financing, Construction, Maintenance, Operation and Exploitation of the Specialized Container and General Cargo Terminal of Puerto Cortes in Honduras. This is ICTSI’s sixth terminal in South America
• 22 March - ICTSI subsidiary Operadora de Puerto Cortes, S.A. de C.V. (OPC) signs the Contract for the Design, Finance, Construction, Preservation, Operations and Exploitation of the Container and General Cargo Terminal for Puerto Cortés (the Concession Contract) in the Republic of Honduras for a period of 30 years.
• 27 April – Pakistan International Container Terminal Ltd. (PICT) places third in the overall category of the 8th Best Practices in Occupational Safety, Health and Environment Awards in Karachi, Pakistan.
• 19 May - The 25-year extension of the Manila International Container Terminal’s (MICT) concession officially commences.
• June - The MICT handles its 25th million TEU.
• 5 June - PT PBM Olah Jasa Andal, an Indonesian indirect subsidiary of ICTSI, signs a Cooperation Agreement with PT Pelabuhan Indonesia II (Persero) Tanjung Priok Branch for International Containers Stevedoring Services at Berths 300, 301, 302 and 303 of Tanjung Priok Port with a term of 15 years.
• 12 June - ICTSI celebrates its 25th anniversary.
• 19 June - ICTSI is one of the Best Managed and Best Investor Relations Companies of the Philippines in FinanceAsia’s 2013 poll. ICTSI places fifth in the Best Managed category after getting 15 votes and it places ninth in the Best Investor Relations category.
• 25 June - CorporateGovernanceAsia cites ICTSI as one of Asia’s Icons on Corporate Governance during the 9th Corporate Governance Asia Recognition Awards. CorporateGovernanceAsia also recognizes Enrique K. Razon Jr., ICTSI Chairman and President, as one of the Asian Corporate Director Recognition Awardees for 2013.
• July - Adriatic Gate Container Terminal starts servicing vessels at its new 320-meter long quay.
• July - ICTSI chooses to deploy ComOps Microster workforce optimization software at MICT to efficiently manage variable labor costs, including overtime and roster related fatigue within its port operations in Manila, resulting in improved productivity, efficiency and, ultimately, the organization’s profitability.
• 5 July - PICT wins an award during the 10th Annual Environment Excellence Awards organized by the National Forum for Environment and Health in Karachi, Pakistan.
• August - Contecon Manzanillo, S.A. de C.V. services its first vessel, the 5,500-TEU Maersk Kalamata.
• 15 August - ICTSI announces the increase in Medium Term Programme of ICTSI B.V. from US$750,000,000 to US$1,000,000,000.
• September – Batumi International Container Terminal LLC receives an award of recognition for having the highest growth rate in containerized cargo turnover among all Black Sea container ports in 2012.
• 18 September - ICTSI and PSA International Pte. Ltd. (PSA), through their respective wholly-owned subsidiaries, sign an agreement that will enable them to jointly develop, construct and operate the container terminal and ancillary facilities located in the Peninsula of Aguadulce, Buenaventura, Valle del Cauca, Colombia.
• October – ICTSI Oregon, Inc. places first in the Oregon Area Safety Award for Group C-Container from the Pacific Maritime Association, which represents all of the ocean carriers, stevedores and terminal operators on the United States West Coast.
• October - TecPlata S.A. chooses the Reefer Asset Management System from IDENTEC SOLUTIONS to wirelessly automate refrigerated container monitoring and control at its terminal in Port La Plata, Buenos Aires.
• 31 October - PSA finalizes and completes its investment in SPIA. With the completion of PSA’s investment in SPIA, ICTSI and PSA, through their respective subsidiaries, now jointly owns 91.28 percent of the issued and outstanding share capital of SPIA.
• 11 November - ICTSI subsidiary Operadora Portuaria Centroamericana, S.A. de C.V. (OPC), formerly Operadora de Puerto Cortes, S.A. de C.V., signs the Delivery and Reception Deed No.1 of the Terminal Area (Takeover deed) with the Commission for the Promotion of the Public-Private Alliance (COALIANZA), the National Port Authority and Banco Financiera Comercial Hondureña, S.A., pursuant to the Contract for the Design, Finance, Construction, Preservation, Operations and Exploitation of the Container and General Cargo Terminal for Puerto Cortés (Concession contract) in the Republic of Honduras.
• 28 November - ICTSI subsidiary, Cebu International Container Terminal, Inc., is the subject of a Sale and Purchase Agreement (SPA) executed by ICTSI and CICTI’s other shareholders as sellers and Cebu Asian Rim Property and Development Corp. Hongkong Land
(Philippines) BV as buyers.
• 17 December – PICT wins the third Fire & Safety Award jointly given by the Fire Protection Association of Pakistan and the National Forum for Environment and Health in Karachi, Pakistan

• January - ICTSI announces its investment in and the establishment of its first terminal in the Democratic Republic of Congo.
• 13 January - ICTSI completes the sale of CICTI to CARPDC and HKL.
• 26 January - ICTSI Capital B.V. (ICBV), a subsidiary of ICTSI, executes a Share Purchase Agreement (the Agreement) with CMA Terminals (CMAT), a member of the CMA-CGM Group. Under the Agreement, ICBV sold its 25 percent shareholding in LICTSLE), the Nigerian subsidiary of ICTSI, to CMAT.