Philippine Billionaire’s ICTSI To Expand Brazil Port, Unfazed By Trump’s Trade War

International Container Terminal Services Inc. (ICTSI) – It is governed by the Philippine billionaire Enrique Razon Junior– Ports operations are expanded in Brazil, and the shipment of goods will continue to increase despite the intense trade war between China and the United States

ICTSI said in one of the exchanges on the stock exchange without revealing the purchase amount, that ICTSI America, a fully owned unit of Manila, acquired 47 % of inhaúma Fundo de Investmento IMobiliário (Fii), in one of the stock exchange operations without revealing the purchase amount.

Fii has permanent rights for 32 hectares, known as “Estaleiro Inhaúma”, a former shipyard, located next to the Rio Brazil station in Etsi. The company listed in the Philippines said it will develop the property in the “near future” to expand the capacity of goods in ICTSI in Brazil.

ICTSI expands the ability to update ports in the Philippines and other countries. I have allocated a 580 million dollars recorded capital expenses This year to expand its ports around the world after spending $ 517 million in 2024 on such projects, including those in Mexico and Brazil.

The latest acquisition in Brazil comes at a time when economies around the world are preparing for the expected slowdown in world trade after US President Donald Trump moved to raise the definitions of goods that were made in China and other countries.

“The acquisition of this property represents an investment opportunity for ICTSI to develop the region, and thus the potential expansion of the total operational and logistical capacity of the Rio de Janeiro port,” said Eektsi.

ICTSI dealt with more than 13 million units equivalent to twenty feet of shipping boxes in 2024 at 32 stations in 19 countries. Aside from iCtsi, Razon is also the control of the Bloomberry Resorts and Prime Bantrastructure Capital, which has a set of water benefit and energy assets. Razon’s value is about $ 10.4 billion, according to Forsa. Real time dataWhich makes it the second harshest Philippines.