Three new quay cranes for ICSTI’s flagship terminal
NewsICTSI receives three quay cranes intended for its flagship Manila International Container Terminal.
The global trade slowdown has started to affect International Container Terminal Services, Inc (ICTSI), with container volumes in 1Q/09 falling by double-digit rates in all but one of its five key terminals. The result was that consolidated gross revenues from ports operations were down 15.7% at US$92.8M and net income was down by 17.3% at US$89M.
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