ICTSI to challenge court ruling on Durban Container Terminal tender
NewsICTSI says it will defend its contract award for the upgrade of DCT2 in the next stage of legal proceedings.
Downturn hits ICTSI volumes…
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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