First half upward swing for ICTSI

International Container Terminal Services, Inc. (ICTSI) has reported unaudited consolidated financial results for the first half of 2015 that show revenue from port operations increasing by 8% to US$552m over the same period last year (US$510m).

In terms of volumes, the group handled 3.8m teu during the first six months of this year, a 9% increase on 2014.  This was mainly due to continuing volume increases at Contecon Manzanillo S.A. (CMSA) in Manzanillo, Mexico and Operadora Portuaria Centroamericana, S.A. de C.V. (OPC) in Puerto Cortez, Honduras.

New shipping line contracts and services at Pakistan International Container Terminal (PICT) in Karachi, along with increased demand at Subic Bay International Terminal Corp. (SBITC) in the Philippines added to the increase.