 The company is ranked the eighth largest container terminal operator, according to TEU equity volume.ICTSI was established by Spanish-Filipino businessman Enrique K. Razon Jr., whose family has been managing harbors in the Philippines for three generations, in connection with the bidding for the privatization of the Manila International Container Terminal (MICT).In 2019, "Forbes" named Razon the fourth richest Filipino and the 379th richest individual in the world, with a personal wealth of $5.1 billion.