Displaying items by tag: Container Revenue Rise

15th November 2016

ICG Revenue In Container & Terminal Division Rise 5.7% On Previous Year

#LoLoTrade - Irish Continental Group (ICG) total revenue in Container (Lo-Lo) and Terminal Division recorded in the period 1 January to 31 October 2016 amounted to €105.0 million, an increase of 5.7% on the previous year.

For the year to 5 November container freight volumes shipped were up 5.3% on the previous year at 260,900*TEU , with the rate of growth slowing to 2.5% in the period since 30 June reflecting market trends.

Units handled at our terminals in Dublin and Belfast increased 18.8% year on year to 245,300 lifts, principally attributable to increased throughput at the Belfast terminal in the first half of the year. This reflects the award of the concession to operate the larger combined container terminal at the Belfast Victoria Terminal 3 which commenced in June of the prior year. In the period since 30 June with comparable operations the terminal throughput was 2.2% lower reflecting changes in customer schedules.

The effect of a weaker Sterling is not significant in the Container and Terminal Division due to the low level of net Sterling exposure.

*TEU twenty foot equivalent container units

Published in Ports & Shipping

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Competitions

The most significant events for the Half Ton Class has been the annual Half Ton Cup which was sailed under the IOR rules until 1993. More recently this has been replaced with the Half Ton Classics Cup. The venue of the event moved from continent to continent with over-representation on French or British ports. In later years the event is held biennially. Initially, it was proposed to hold events in Ireland, Britain and France by rotation. However, it was the Belgians who took the ball and ran with it. The Class is now managed from Belgium.