International Container Terminal Services, Inc. (ICTSI) reached US$1bn in revenue from port operations in the first nine months of the year as throughput rose by 5%.
ICTSI handled 7.2m teu across all of it terminals while revenue from port operations increased 10% from US$918.3m.
The company attributed its success to volume growth, new contracts with shipping lines and services and the contribution of its new terminals in Lae and Motukea in Papua New Guinea and Melbourne, Australia.
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