The gains were mainly due to growth in volumes and revenues and lower financing charges, ICTSI said. The global operator of smaller terminals in the 50,000 to 2.5m teu per year range saw volumes grow 14% to 1.34m teu from 1.17m teu in the first quarter of 2011.
The increase was attributed to sustained growth in countries where ICTSI's terminals are located, new shipping lines and routes and the inclusion of the volumes from the company's new terminals in Portland, Oregon in the US and Rijeka in Croatia.
ICTSI's Asia terminals still generated most of its container volumes, making up 54% of total volume in the first quarter. Although this fell from the 59% in in the corresponding period last year, Asia remains the largest volume contributor amongst the regions.
Terminals in the Americas contributed more in the first quarter, with the share increasing from 29% in 1Q 2011 to 30% in 1Q 2012.
Voilume from ICTSI's six key terminal operations in Manila, Brazil, Poland, Ecuador, Madagascar and China, which accounted for 74% of its consolidated volume in the first quarter, rose 11% from 896,419 teu to 992,865 teu.
In revenue terms, these six main terminals were even more critical, making up 84% of consolidated revenue, and increasing 7% from $137.2m to $146.1m.
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