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

15th November 2016
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ICG container division EUCON and lo-lo fleet vessel Elbetrader (974TEU) docked at Dublin Ferryport Terminal (DFT) facility. Elbetrader departed the port today and is bound for Rotterdam. ICG container division EUCON and lo-lo fleet vessel Elbetrader (974TEU) docked at Dublin Ferryport Terminal (DFT) facility. Elbetrader departed the port today and is bound for Rotterdam. Photo: JEHAN ASHMORE

#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
Jehan Ashmore

About The Author

Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals. 

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