ICTSI performs well in third quarter results

Cranes arriving at ICTSI's Melbourne terminal

International Container Terminal Services, Inc. (ICTSI) reported strong financial growth in the first nine months of the year while throughput at its terminals grew by 6%.

Revenue soared by 10% compared to the first nine months of 2016, rising to US$918.3m, while containers handled reached 6.8 m teu.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) also performed well, growing by 11% to US$434.9m.

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