The Tecon Suape terminal reported profits for the first time with these following on from a significant increase in cargo throughput and positive management initiatives on the part of ICTSI to introduce more efficient operational procedures and working practices.
Revenues for the group were $75.27m, up 23% compared with the first six months of 2003, reflecting the addition of the Gdynia terminal (see Poland survey this issue) and a 160% jump in revenues at Tecon Suape.
The flagship Manila International Container Terminal still accounted for the lion’s share of revenue, a 64% share.
Overall, container volume was up 16% in the first half of 2004 comprising 897,640TEUs compared with 775,706TEUs for the same period in 2003.
