Global Ports Investments has announced its operational results for Q4 and the full year 2020. The Group outperformed the overall market with consolidated marine container throughput up by 5.1% year-on-year to 389 thousand TEU in Q4 2020 compared to a growth of 4.2% of the entire Russian market.
Global Ports’s consolidated marine container throughput for the full year 2020 increased by 6.6% to 1,533 thousand TEU against the Russian container market decline of 0.8% over the same period in 2019.
Consolidated marine bulk throughput increased by 79.0% year-on-year to 1.4 million tons in Q4 2020, with the full year 2020 growth of 38.7% year-on-year driven by the strong recovery in global coal demand towards the end of the year and strong growth of fertilizers and scrap metal handling at Petrolesport in Q4 2020.
Heavy ro-ro handling demonstrated a continued recovery in Q4 2020 with a 3.1% growth in Q4 2020 against Q4 2019 resulting in a 1.3% growth in volumes of this cargo handling for the full year 2020.
Car handling was also strong in Q4 2020 with a 41.1% growth, but this was not sufficient to offset the overall 20.6% decline in 2020, reflecting the slowdown in Russian consumer demand and closure of car dealers in Q2 2020 due to the COVID-19 restrictions.