International Container Terminal Services, Inc. (ICT) was incorporated on December 24, 1987 to operate, manage and develop the Manila International Container Terminal (MICT), which handles international container cargo at the Port of Manila. In May 1988, the Philippine Ports Authority (PPA) awarded the MICT contract to ICT. The company started its operations of the MICT on June 12, 1988. The principal business of ICT is the management, operation and development of container terminals. ICT and its subsidiaries provide cargo handling and related services to container, storage facilities and services, and roll-on roll-off (RORO) and anchorage services to non-containerized cargo or general cargo. ICT's and its subsidiaries' operations are situated in the Philippines, Brazil, Poland, Madagascar, Japan, Indonesia, Syria, China, Ecuador, Colombia, Georgia, Brunei, and Argentina. Aside from operating the MICT, ICT also operates terminals in the Philippines, namely, the Mindanao Container Terminal in Misamis Oriental, the Makar Wharf, Port of General Santos, the Cubi Point at the Subic Bay Freeport Zone in Zambales, and Sasa International Port in Davao City. In addition, ICT operates other terminals in different countries through its subsidiaries and affiliates, such as Pulau Muara Container Terminal in Brunei, Port of La Plata in Argentina, Port of Batumi in Georgia, Port of Buenaventura in Colombia, Port of Guayaquil in Ecuador, Yantai Port in Shandong Province, China, Tartous Container Terminal in Syria, and the Makassar Port Container Terminal in Indonesia. Source: SEC Form 17-A (2008)