Maritime
Credits : asianterminals.com.ph
Strong int’l cargo
volume lifts ATI
income in Q3
T
he growth of international containerized cargoes,
reflecting the expansion of the Philippine economy,
delivered solid third quarter results for listed Asian
Terminals Inc. (ATI).
In a disclosure to the local bourse on Friday, ATI
reported a net income of Php1.77 billion for the first
nine months of the year, on the back of robust container
volume handled by its international gateway ports in
Manila and Batangas.
This figure represents an increase of 23.9% from Php1.43 billion in
third quarter of 2016.
ATI’s total revenues for the period totaled Php7.72 billion, up 13.7%
from Php6.80 billion in the same period of last year.
From January to September, Manila South Harbor handled over
820,000 teus (twenty foot equivalent units) of foreign boxes, setting it on
track of a back-to-back 1,000,000-teu annual throughput performance,
after achieving a record year in2016.
Batangas Container Terminal (BCT) continued to step up its role as
South Luzon’s international trade facilitator, offering competitive market
connectivity to major shippers in the region and effectively decongesting
Manila’s roads.
BCT handled just short of 150,000 teus by end-September, bringing
it close to its 2016 full year container throughput of nearly 160,000 teus
with still a quarter to go.
“ATI is ready and has the capacity for future volume growth.
Investment in infrastructure, equipment and technology is continuous to
sustain efficiencies at both Manila and Batangas ports in support of the
country’s supply chain,” ATI executive vice president Andrew Hoad said.
asianterminals.com.ph
18
ATI executive
vice president
Andrew Hoad
Credits : web.dpworld.com
Batangas Container Terminal (BCT)
continued to step up its role as
South Luzon’s international trade
facilitator, offering competitive market
connectivity to major shippers in the
region and effectively decongesting
Manila’s roads.