ICTSI acquires stake in Brazilian shipyard to expand Rio operations

Global port operator International Container Terminal Services Inc. (ICTSI) has acquired a 47 percent interest in a marine property in Rio de Janeiro, Brazil.

The acquisition was made through ICTSI's wholly owned subsidiary, ICTSI Americas B.V., which purchased a stake in the Brazilian real estate investment fund FII Inhaúma, holding perpetual rights to a 32-hectare inactive shipyard near ICTSI's Rio Brazil terminal.

ICTSI plans to use this property as additional capacity for its existing operations and potentially develop it into a private-use terminal to expand logistics capacity in the port region of Rio de Janeiro.

For 2025, ICTSI has allocated approximately $580 million in capital expenditures, primarily for the development of Southern Luzon Gateway in the Philippines and planned expansions at ICTSI Rio in Brazil and Mindanao Container Terminal (MCT).

This year's capital expenditure budget is higher than that of 2024, with a 12.5 percent increase from last year's $517.14 million.

ICTSI’s expansion plans also include the ongoing expansion of Matadi Gateway Terminal in the Democratic Republic of Congo and equipment acquisitions and upgrades.