ICTSI volumes and revenue up amid COVID-19 worries

Container throughput across the terminal portfolio of International Container Terminal Services, Inc. (ICTSI) rose by 5% to 10.2m teu last year before the coronavirus begun disrupting supply chains.

Enrique K. Razon, Jr., chairman of ICTSI said: “The outbreak of COVID-19 has had an impact on volumes particularly in Asia and we are closely reviewing developments across the regions in which we operate.

“Whilst we cannot be certain how long this situation will last; we are seeking to mitigate this impact through rigorous cost control and increasing market share.”