Volumes up but profits down for ICTSI in H1

Despite revenue climbing some 10% over the six months to June, International Container Terminal Services (ICTSI) recorded a first-half profit fall of 6% year on year. Container News reports the decline was largely down to costs linked to the start-up of new terminals in Papua New Guinea and Australia. And it seems business otherwise is on the up. Volumes climbed around 4% on what ICTSI was doing a year ago, with around 4.7m teu being handled across its network of ports.