Double digit growth for ICTSI
International Container Terminal Services, Inc. (ICTSI) enjoyed a strong first quarter of 2017 with double digit growth across both container throughput and financial results.
Volumes rose by 11% to 2,272,647 teu, largely due to growth in emerging markets with contributions from the continuing ramp-up at ICTSI Iraq, and ICTSI Democratic Republic of Congo (IDRC), the company’s new terminal in Matadi, DRC.
Gross revenues from port operations increased by 2% to US$297.2m, mainly due to volume growth, tariff rate adjustments at certain terminals and new contracts with shipping lines and services.
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