Carried volume declined marginally to 8.92 million TEUs from 8.99 million TEUs in the corresponding period last year, says an official release. Total revenue declined 47 percent to €14.1 billion from €26.7 billion in the first nine months of 2022. "Following the completed acquisition of the terminal business of Sociedad Matriz SAAM on 1 August 1, 2023, the business activities have been separated into liner shipping and terminal & infrastructure segments. "In the liner shipping segment, a significant decline in the average freight rate caused EBITDA to fall to €4.1 billion in the first nine months of 2023 (9M 2022: €15.6 billion). "The terminal & infrastructure segment generated EBITDA of €35.5 million and EBIT of €27.1 million in the first nine months of 2023.

Source: The North Africa Journal November 09, 2023 20:55 UTC