H1 volume and revenue growth for ICTSI

Consolidated volumes rose by 9%, mainly due to the continued growth in international trade where the Group’s terminals are located, new shipping line routes and customers, continuous containerisation of break bulk cargoes and the full period contribution of the Company’s new container terminals in Portland, Oregon, USA and Rijeka, Croatia.

Excluding the volume from the two latest container terminal acquisitions, organic volume growth was at 7%. Volume from the Group’s six key terminal operations in Manila, Brazil, Poland, Ecuador, Madagascar and China, which accounted for 74% of the Group’s consolidated volume for H1, increased 9% to 2,002,780 teu. For the quarter ending June 30, 2012, total consolidated throughput was 4% higher at 1,359,419 teu.

The increase in H1 revenues was mainly due to the volume growth, higher storage revenues and ancillary services, favorable volume mix, tariff increases at key terminals, and the full period contributions of the terminals in Portland, Oregon USA and Rijeka, Croatia.