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Displaying items by tag: Trading Update

Dublin based Irish Continental Group (ICG) has brought its sixth containership.

The shipowner and ferry operator, reports Tradewinds, has acquired the 974teu CT Rotterdam (built 2009), for an undisclosed price.

Afloat adds that the container vessel was preceeded by another acquisition in April as outlined further below.

On Wednesday the Group released a trading update which saw increased revenue in its passenger /freight division, Irish Ferries.

According to the trading update, in April an acquisition took place of the Thetis D. Afloat can reveal the lo-lo vessel has a capacity for 1421teu. The containership was built in 2009 likewise of the aforementioned CT Rotterdam which was acquired this month.

The group's Container & Terminal Division includes lo-lo shipping activities under the Eucon brand and the operation of two container terminals, Dublin Ferryport Terminals (DFT) and Belfast Container Terminal (BCT).

The trading update for this division, revealed a total revenue volume of €131.0 million in the period to 31 October, this was a 9.1% increase on the previous year. For more on the performance of this sector as part of the Group's overall trading update can be read by clicking here.

Published in Ports & Shipping

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