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Displaying items by tag: Container Division Results

#Containers -  Irish Continental Group (ICG) container subsidiary Eucon and divisions operating terminals in Dublin and Belfast ports, have released half-year results for 2016. 

Revenue in the division was up 9.8% to €62.8 million (2015: €57.2 million), EBITDA increased to €6.6 million (2015: €5.5 million) while EBIT rose to €5.4 million (2015: €4.1 million).

Total containers shipped were up 7.4% at 152,700 teu (2015: 142,200 teu).

Containers handled at the Group's terminals in Dublin Ferryport Terminals (DFT) and Belfast Container Terminal (BCT) were up 39.6% to 144,800 lifts (2015: 103,700 lifts). DFT's volumes were up 5.0%, while BCT's lifts were up 149.3%.

The increase in Belfast arises from the commencement in June 2015 of the Services Concession to BCT for the operation of a combined container terminal at Victoria Terminal 3 (VT3).

Containership,  MV Ranger remains on time charter to a third party and is currently trading in north-west Europe while MV's Elbtrader, Elbcarrier and Elbfeeder remain on time charter to Eucon.

Published in Ports & Shipping

William M Nixon has been writing about sailing in Ireland and internationally for many years, with his work appearing in leading sailing publications on both sides of the Atlantic. He has been a regular sailing columnist for four decades with national newspapers in Dublin, and has had several sailing books published in Ireland, the UK, and the US. An active sailor, he has owned a number of boats ranging from a Mirror dinghy to a Contessa 35 cruiser-racer, and has been directly involved in building and campaigning two offshore racers. His cruising experience ranges from Iceland to Spain as well as the Caribbean and the Mediterranean, and he has raced three times in both the Fastnet and Round Ireland Races, in addition to sailing on two round Ireland records. A member for ten years of the Council of the Irish Yachting Association (now the Irish Sailing Association), he has been writing for, and at times editing, Ireland's national sailing magazine since its earliest version more than forty years ago