Maritime
Asian Terminals
L
isted Asian Terminals Inc. (ATI) delivered another
solid performance in 2017 on the back of record
cargo volumes handled by its gateway ports in
Manila and Batangas.
In its disclosure to the local bourse, ATI said
revenues last year went up 14.6% to Php10.6
billion from Php9.2 billion in 2016 on account of higher
volumes of containerized cargoes and favorable cargo
mix in the non-containerized segment.
ATI’s net income reached Php2.5 billion in 2017, 30.7%
higher than Php1.9 billion in 2016.
Reflective of the robust growth of the Philippine
economy in 2017, ATI’s international ports in Manila
and Batangas handled a combined container cargo
throughput of over 1.3 million teus (twenty-foot
equivalent units).
International boxed cargoes handled at Manila South
Harbor in 2017 reached over 1.1 million teus, an increase
of nearly 6% from 20