ICTSI port revenues and volumes up in H1 2010

The revenue increase was mainly due to the increase in volumes in most of the Company’s container terminals, a favourable volume mix and the stevedoring (arrastre) tariff increase at Manila International Container Terminal (MICT). In addition, revenue contribution from the Group’s six key terminal operations in Manila, Brazil, Poland, Ecuador, Madagascar, and China, which accounted for 91% of the Group’s consolidated revenue, increased 29% from US$173.9m to US$224.1m.

Consolidated volumes grew by 26% to 2,009,605 teu with throughput from container terminals in Asia increasing 28% from 1,007,711 teu while operations in the Americas grew by 23% to 484,724 teu and Tecon Suape (TSSA) in Brazil achieving an impressive 48% growth.

Europe, Middle East, and Africa (EMEA) handled 235,944 teu, up 25 % with Baltic Container Terminal (BCT) in Poland and Madagascar International Container Terminal Services, Ltd. (MICTSL) registering impressive volume growth of 31% and 20% respectively.