International Container Terminal Services, Inc. (ICTSI) enjoyed a strong half year, as container volume, revenue and EBITDA all grew by double digits, driven by booming global demand for goods.
The Manila-based operator’s terminal portfolio handled 5.5m teu in the first six months of 2021, representing growth of 14%.
This occurred primarily due to improvement in trade activities as economies continue to recover from the impact of the COVID-19 pandemic and lockdown restrictions, and new shipping lines and services calling at certain terminals.
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