An excellent performance by ICTSI’s global terminals in 2011

During 2011 ICTSI handled consolidated volumes of 5,233,795 teu, up 25% and mainly due to the continued upturn in international trade, particularly in markets where ICTSI’s ports are located including its new ports in Portland, Oregon, USA and Rijeka, Croatia.

Volume from the Group’s six key terminal operations in Manila, Brazil, Poland, Ecuador, Madagascar and China, accounted for 74% of consolidated volume for 2011, up 18% to 3,867,407 teu.

In 2011 ICTSI sold its 16.79% stake in Portek International, as well as booking a one-time equity tax charge imposed by the Colombian tax authorities on all legal entities and individuals in Colombia.