Record volumes and earnings for ICTSI and APM Terminals

ICTSI’s nine-month total throughput was 4,628,117 teu, up 13% and was mainly due to continuous growth in international and domestic trade in most of the company’s terminals, as well as the throughput generated by the company’s new container terminals: Pakistan International Container Terminal (PICT), Karachi and PT Olah Jasa Andal (PT OJA) in Jakarta (Indonesia).

Excluding volumes from the two new terminals and the effect of the cessation of the operations in Syria effective January 2013, organic volume growth increased by 1% with ICTSI’s seven terminals in Manila, Brazil, Poland, Madagascar, China, Ecuador and Pakistan accounting for 79% of consolidated volume.

Gross revenues from port operations surged 19% to US$624.7m mainly due to volume growth, higher storage revenues and ancillary services, tariff rate increases in certain terminals and revenue contribution from the new Jakarta and Karachi terminals. Consolidated EBITDA increased 26% to US$285.5m.