Philippine Tycoon Steers Port Empire Through Global Trade’s Covid ‘War’

Almost two years after the coronavirus triggered dire forecasts for global trade, one of the world’s largest port operators is looking to expand despite a challenging environment that its billionaire owner calls a “war against an invisible enemy.”

“There have been a lot of difficulties with the pandemic, but in spite of all those, we’re having probably our best year,” Enrique Razon, president and longtime chairman of Manila-based International Container Terminal Services Inc., said in an interview. “Whatever opportunities come up in Africa, we’ll seriously look at it, the Middle East and other markets. We’re definitely in expansion mode in markets that fit our strategy and profile.”