International Container Terminal Services, Inc. (“ICTSI” or the “Issuer”), successfully priced a US$400 million offering of 10-year senior unsecured notes (the “Notes”). The offering will mark ICTSI’s return to the senior unsecured notes market, having last completed a fixed-for-life perpetual capit…
ICTSI Notice of 2020 Annual Stockholders' Meeting   Notice is hereby given that the 2020 Annual Stockholders’ Meeting (ASM) of International Container Terminal Services, Inc. (ICTSI) will be held and conducted in a virtual platform or online format at 10:00am on Thursday, June 18, 2020 at https://…
ICTSI 1Q2020 reduction in net income reflects impact of COVID-19 -- Down 18% to USD59.6M Throughput slightly grew 1% to 2.5 million TEUs  Revenues decreased 2% to USD375.8 million EBITDA declined 5% to USD212.2 million  Enrique K. Razon Jr., ICTSI Chairman and President said: “For many peop…
International Container Terminal Services, Inc. (ICTSI) and Bloomberry Resorts Corporation’s (BRC) Solaire Resort & Casino recently started rapid antibody testing of its employees primarily for their protection and in preparation for their eventual re-entry into the workplace. Complementing the…
ICTSI deeply grieves the loss of Paul P.L. Lo, who passed away on 23 April 2020 in San Francisco due to natural causes. He was 69.   Paul joined ICTSI in 2005 as Senior Vice President - Greater China Area. Largely because of him, the Company was able to expand into China, and successfully form…
International Container Terminal Services, Inc. (ICTSI) terminals across its portfolio, both individually and collectively, and in unity with its host communities in the fight against the COVID-19 pandemic, have contributed approximately PhP350 million to national and local government agencies, imme…
Operational levels at the Manila International Container Terminal (MICT) have returned to normal levels due to the efforts of many port stakeholders.   Overall terminal utilization is now under 67 percent and reefer utilization at under 65 percent, with cargo pullouts during the enhanced community q…
Throughput increased 5% to 10.2 million TEUs Revenues grew 7% to US$1.5 billion EBITDA improved 10% to US$830.1 million Enrique K. Razon, Jr., Chairman of ICTSI said: “ICTSI delivered a positive performance in 2019 with revenue and EBITDA increasing by 7% and 10%, respectively.  Recurring net…