Accounting for concessions

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Philippines-based International Container Terminal Services (ICTS) has established itself as an acquisitive international container terminal operator following a decision by the company's management in 1994 to expand out of its home base where it runs the Manila International Container Terminal.

ICTS last year handled 3.73 million twenty-foot equivalent units (TEUs) and the company is now operating container terminal ports in 11 countries, including Brazil, China, Poland and Madagascar.

This inc

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