Global throughput increase

Russian container terminal operator, Global Ports Investment PLC, International Container Terminal Services Inc (ICTSI) and the Canadian Port of Hamilton have all reported an increase in container throughput volumes.

Both Global Ports Investment and ICTSI’s full year results for the financial year ended 31 December 2012 revealed an 8% increase in the Russian ports segment, while the Port of Hamilton’s reported an increase in the agricultural sector, with tonnage growth in fertiliser (27%) and grain (6%).

Global Ports Investment says its increased volumes were due to strict cost control, improved efficiency and the positive foreign exchange rate, while ICTSI says its was down to growth in international and domestic trade, new shipping line customers and routes and its new terminal operations in Jakarta, Indonesia and Pakistan.

But for the Port of Hamilton, it attributes its success to its location.

Bruce Wood, president and CEO, Port of Hamilton, said: “The Port of Hamilton is well positioned to move heavy cargo due to its strategic location on the Great Lakes, in close proximity to manufacturing and population centres in Canada and the US, and access to global destinations.”