ICTSI sees limited impact from US trade tensions

International Container Terminal Services Inc. (ICTSI) has stated that current US trade tensions and tariffs have not materially impacted its business due to limited exposure to the US economy.

ICTSI chair and president Enrique Razon Jr. acknowledged the uncertainty caused by US President Donald Trump's tariffs but emphasized the minimal direct effect on the company.

He added that ICTSI is resilient and in a strong position to continue to deliver financially and operationally for its stakeholders.

Despite ICTSI bearing the brunt of selling since Trump tariffed the world, it started recouping some losses in recent weeks as analysts suggested the selling might have been overdone.

Analysts also stated that the trade war's effect on ICTSI is mostly indirect and the company could, in fact, benefit from it.

Less than three percent of cargo coursed through its ports is bound for the US.

Contecon Manzanillo, ICTSI's terminal in Mexico, held a 37 percent market share last year and is the only terminal that can be of concern, especially with a 25 percent US import tariff now in effect.