Global Ports Investments PLC has announced its operational results for 1Q 2020.
Consolidated marine container throughput of the group’s sea terminals was up 11%, versus 1.3% growth in the Russian container market over the same period. Global Ports handled 394 thousand TEU out of the 1.262 mn TEU of Russia’s entire sea port container throughput. The share of the group in the total container traffic via all the Russian sea ports amounted to 31.2%.
Consolidated marine container throughput of the Group’s terminals located in the Baltic Basin increased by 16% against a market decline of 1.6% in the region. According to the Group, it was a result of the Group’s efforts to increase productivity and customer service standards.
The container throughput of the Group’s Vostochnaya Stevedoring Company terminal located in the Far East was flat in the period, compared to the Far Eastern market growth of 3.8%.
Container traffic via Finnish Ports decreased by 8% down to 25 thousand TEU. Global Ports owns two container terminals in Finland in partnership with CMA Terminals — Multi-Link Terminals in Helsinki and Kotka. CMA Terminals currently has a 25% effective ownership interest in each of the joint ventures.
The inland terminal Yanino handled 24 thousand TEU, down 18% year-on-year.
Consolidated bulk throughput of 1.028 mn tons (+26% year-on-year) was driven mainly by coal handling at ULCT, which was in early ramp-up stage in 1Q 2019.
Car and high and heavy ro-ro handling declined by 29% and 6% respectively year-o-year in Q1 2020 reflecting the slowdown in Russian consumer demand for imported cars.
Global Ports Investments PLC previously announced that for the financial year 2020 and on an ongoing basis, it will publish quarterly operational trading updates for Q1 and Q3 in addition to its regular financial reporting calendar.