Strong 2016 results for Contship Italia Group

Industry Database

Contship Italia Group saw an increase in handled volume of 1.7% and 9.7% increase in transported volumes for 2016.

While its container terminal business saw an increase of 109,000 TEU in overall handling volumes last year and welcomed 6,888 vessel calls, a 4% rise year on year.

Cecilia Eckelmann-Battistello, Contship Italia Group’s president, said: “These figures show that the Contship Italia Group offers a viable and attractive solution to the customers at a time when they need it most. The container shipping business continues to face instability, competition, with shipping line re organising their networks.”

She added: “Contship remains totally committed with the approach to be a strong and reliable partner to the customers. Delivering fully integrated port-to-door solutions for the global supply chain is Contship main objective. The Group is committed to long-term investment in the business and knows that it is vital to show support to all valuable customers and end-users at every opportunity both be it at Contship terminals, on Contship trains or on the road with Contship pink trucks.”

Medcenter Container Terminal (MCT), the Contship terminal in Gioia Tauro, demonstrated the ability to adapt quickly to market demand and providing reliable stevedoring services. The positive impact of cost-reduction measures contributed to the partial recovery of MCT volumes at a time when the container-shipping sector is down.

Rationalisation and cost-saving initiatives are further required in 2017 to consolidate the trend towards recovery and ensure the medium to long-term financial strength of the company.

Alongside this, Salerno Container Terminal (SCT) grew steadily with a 10% increase in throughput, a significant jump compared to last year. It also plans to strengthening its infrastructure capability that will allow it to accommodate 10,000 TEU vessels by the end of 2017.

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