Filter content by area of interest
Ports & Terminals
Port AuthoritiesContainerBulkBreakbulk/General CargoRo-Ro/AutomotiveGTOs
Cargo Handling Equipment
STS CranesYard CranesMobile CHERo-Ro EquipmentBreakbulk EquipmentLow ThroughputBulk Handling Equipment
Shipping & Logistics
Container ShippingBreakbulk/General CargoRo-Ro ShippingDry Bulk ShippingLiquid cargoesLogistics
ICT
TOSPlanning & Optimisation TechnologyWiFiMobile ComputingPort Community SystemsAsset Tracking & Monitoring
Automation
Automated EquipmentGate AutomationRemote ControlProcess Automation
Multimodal
RailInland WaterwaysShortsea ShippingRoadAir-Cargo
Container Industry
Container manufactureContainer leasingRepair/StorageTradingConversion/Innovation
Refrigeration
Operations/TransportContainer leasingEquipmentM&R/Storage
Breakbulk
General cargoProject Cargo/Heavy LiftForest productsRo-Ro/AutomotiveAgribulks
Safety & Security
InsuranceHazardous cargoLashings/SecuringLegal/Regulatory
Civil Engineering
Port & terminal construction/designCivil & Consulting EngineersDredging & ReclamationMooring & FenderingLightingPaving & Surfacing
Environment
Business
InsuranceLegal/RegulatoryAppointments/PeopleMergers/Acquisitions/RestructuringFinance/Financial ResultsTrade & Professional AssociationsBusiness/Commerce Miscellaneous
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing 1 of your 1 guest articles


register  or  login  for full access to online news

ICTSI reports 7% throughout rise in first trimester

In Q1 2019 container traffic increased 7% to 2.5M TEU, across the Manila-based GTO’s global portfolio. Revenues increased 18% to US$383.8M. EBITDA improved 25% to US$222.5M

 

Linked InTwitterFacebookeCard

Income attributable to equity holders increased by 77% to US$72.4M due to the strong operating income highlighted by strong operational and financial performance at VICT in Melbourne, Australia, lower financing charges, and a significant improvement in the operations at Sociedad Puerto Industrial Aguadulce SA (SPIA), ICTSI’s joint venture container terminal project with PSA International Pte Ltd in Buenaventura, Colombia (photo above).

 

The latter operation posted a lower net loss share of US$6.3M compared to US$8.9M in the same period in 2018 as the company continued to ramp-up container volume lifting SPIA’s EBITDA to positive level for the quarter.

 

“Enrique K Razon, Jr, ICTSI Chairman and President said: “ICTSI has continued to grow and delivered a strong first quarter financial performance underpinned by operational improvements and higher contributions from our new ports including VICT in Melbourne Australia, Lae and Motukea in Papua New Guinea. While we remain very mindful of the economic backdrop, we remain confident about the future prospects of the business as we build on this positive momentum.”

 

The increase in container volume was primarily due to improvement in trade activities, new shipping lines and services and continuous volume ramp-up at certain terminals.

 

Linked InTwitterFacebookeCard

You may also be interested in...

Optimisation for SAGT

Optimisation for SAGT

Damen completes first Sendo Liner build

Bertram Rickmers launches feeder shipping company

Capespan sets up firm focussed on logistics

BigLift and CY link up

RCL expands network

Related Stories

Hamburg up 6% to 34.6 Mt in Q1 2019

Container throughput increased by 6.4% to 2.3M TEU and the USA became the second...

Peel Ports adds Quality

Peel Ports Group has announced that it has acquired Quality Freight (UK) Limited...

Norfrigo to set up in Dunkirk

Norfrigo, a partnership between Boulogne-based fisheries company Le Garrec and E...
Linked In
Twitter