VICT reaches 5m TEU
NewsVictoria International Container Terminal, ICTSI’s fully automated container handling facility at the Port of Melbourne, has reached five million TEU.
…posts 107% rise in first quarter income
ICTSI has reported revenue from port operations of US$120.7M in the first quarter of 2010, up by 30% on Q1/2009. EBITDA rose 47% to US$56.6M and, at US$22.8M, net income attributable to equity holders was up by 107%.
ICTSI’s various operations handled 962,028 TEU in Q1/ 2010, an increase of 27% on the corresponding period of last year, “mainly due to the recovery of the global economy, particularly in markets where [our] ports are located,” the company said in a statement.
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This complete item is approximately 350 words in length, and appeared in the May 2010 issue of WorldCargo News, on page 10. To access this issue download the PDF here.
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