Displaying items by tag: Container Division Results
ICG Container and Terminal Divisions Half Year 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.
