ICTSI reaches 10m teu container throughput in first nine months

International Container Terminal Services, Inc. (ICTSI) has recorded an 11% increase in container throughput to 10.69m teu in the first nine months of the year, mainly due to improvement in trade activities across all regions. 

Additionally, ICSI reported a 16% increase in revenue to US$2.34bn, a 17% growth in EBITDA to US$1.54bn and a 19% rise in net income to US$751.56m. 

Revenue increased mainly due to tariff adjustments, volume growth with favourable container mix, and higher revenues from ancillary services at certain terminals, including growth in general cargo activities, and volume recovery in Guayaquil, Ecuador.