ICTSI’s volumes rise in half year results
International Container Terminal Services Inc. (ICTSI)’s revenue from port operations for the first half of 2019 has risen 14% year-on-year to US$751.8m as throughput exceeded the 5m teu mark.
Volumes rose 7% from 4.7m teu in the first half of 2018 to 5.04m teu with the increase mainly attributed to continuing ramp-up at ICTSI’s operations in Melbourne, Australia and Manzanillo, Mexico.
An improvement in trade activities in Subic in the Philippines, Matadi in the Democratic Republic of Congo and Rijeka, Croatia as well as new shipping lines and services in Poland’s Gdynia helped boost volumes.
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