JOC Staff | Nov 14, 2012 7:04PM EST
Netherlands-based container terminal operating company APM Terminals reported income in the third quarter of $160 million, flat with the previous quarter and down 7.5 percent year-over-year from $173 million.
Quarterly revenue was $1.2 billion, fairly steady compared with the second quarter of 2012 and the third quarter of 2011.
Container throughput in the third quarter was 9.0 million 20-foot-equivalent units, a slight decrease from 9.1 million TEUs in the second quarter, and a slight increase from 8.6 million TEUs in the third quarter last year.
Results were negatively affected by a slowdown in the major Asia-Europe trade lane, which reduced port volumes, but overall volume growth was secured by positive developments in Africa and Americas, the company said.
