The decrease in volume was primarily due to the decline in trade activities which resulted from the impact of the Covid-19 pandemic on global trade and lockdown restrictions.
Excluding the contribution of ICTSI Rio, the company’s new terminal in Rio de Janeiro, Brazil, consolidated organic volume would have decreased 4% in the first nine months of 2020.
Volumes improved in the third quarter and for the period ended 30 September 2020, total consolidated throughput was 3% higher at 2.63m teu compared to 2.55m in the same period in 2019.
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