Strong half-year for ICTSI
Throughput increased by 7% at International Container Terminal Services, Inc. (ICTSI) facilities to 4.5m teu in the first half of 2017, as the company performed well in emerging markets.
In particular, it saw operations ramp up in Basra, Iraq, new services in Manzanillo, Mexico and it gained from new terminals in Matadi, Democratic Republic of Congo (DRC), and Melbourne, Australia.
Gross revenues from port operations for increased 10% to US$603.7m, mainly due to volume growth, tariff rate adjustments at certain terminals, new contracts and services with shipping lines.
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