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ICTSI container volumes fall 2% in first nine months
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Posttime:2020-11-06
International Container Terminal Services Inc (ICTSI) handled consolidated volumes of 7.43m teu in the first nine months of 2020, 2% less than the 7.59m teu handled in the same period in 2019.
Michele Labrut | Nov 05, 2020
The decrease in volume was primarily due to the decline in trade activities which resulted from the impact of the Covid-19 pandemic on global trade and lockdown restrictions.
Excluding the contribution of ICTSI Rio, the company’s new terminal in Rio de Janeiro, Brazil, consolidated organic volume would have decreased 4% in the first nine months of 2020.
Related: ICTSI Ecuador invests $18m to further develop Guayaquil port
Volumes improved in the third quarter and for the period ended 30 September 2020, total consolidated throughput was 3% higher at 2.63m teu compared to 2.55m in the same period in 2019.
source:Seatrade-maritime
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