Irish Continental Group (ICG) has reported an increase in volumes between the beginning of the year and November.
In an operating update released earlier today, the containership and ferry owner posted total revenue of EUR 280.2m ($301.5m), an increase of 1.6% compared to last year.
The company carried 3% more cars while its container freight volume went up from 247,700 teu to 260,900 teu.
ICG added a weaker sterling affected the euro value of its revenue but was also beneficial in respect of fuel costs.
Besides boosting its volumes in the first 11 months of the year, ICG managed to reduce its debt from EUR 44.3m to EUR 25.6m.
Late in the summer, ICG extended the charter agreements for two ro-paxes, improving the company’s fleet utilisation.
