Growing figures with ICTSI in 2012

International Container Terminal Services to handle 5,628 million TEUs in the year 2012
 
International Container Terminal Services, Inc. (ICTSI) has reported consolidated audited financial results for the year ended 31 December 2012, posting revenue from port operations of USD 729.3 million, 10 percent higher than the USD 664.8 million reported last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of USD 307.4 million, an increase of nine percent over the USD 281.4 million generated in 2011; and net income attributable to equity holders of USD 143.2 million, up 10 percent over the USD 130.5 million earned in the same period last year. 
 
ICTSI handled consolidated volume of 5,628,021 TEUs for the year ended 31 December 2012, eight percent more than the 5,233,795 TEUs handled in 2011. The increase in volume was mainly due to the growth in international and domestic trade, new shipping line customers and routes, continuous containerization of break bulk cargoes, the full period contribution of the Company’s new ports in Portland, Oregon, USA and Rijeka, Croatia, and the consolidation of the volume generated by the Company’s new terminal operations in Jakarta, Indonesia and Karachi, Pakistan. Excluding the volume from the four recent port acquisitions, organic volume growth was at four percent. 
 
Volume from the group’s six key terminal operations in Manila, Brazil, Poland, Ecuador, Madagascar and China, which accounted for 73 percent of the Group’s consolidated volume for 2012, increased six percent, from 3,867,407 TEUs to 4,109,082 TEUs. 
 
Gross revenues from port operations for the year ended 31 December 2012 increased 10 percent to USD 729.3 million, from the USD 664.8 million reported in 2011. The increase in revenues was mainly due to the volume growth on all geographic segments, higher storage revenues and ancillary services, favorable volume mix, new shipping line customers, tariff rate increases in certain key terminals, full year contribution of Portland, Oregon, USA, and Rijeka, Croatia, and the inclusion of the new terminals in Jakarta, Indonesia, Kattupalli, India and Karachi, Pakistan. Excluding the revenues from the newly acquired terminals, organic revenue growth was at six percent.
 
ICTSI is a leading port management company involved in the operations and development of 27 marine terminals and port projects in 19 countries worldwide. The company was among the first international terminal operators to take its expertise overseas.