Global Ports Investments PLC has announces its operational results for Q4 and the full year of 2021.
The Group said it successfully improved its market share position in 2021 in all its basins of presence with the throughput at VSC in the Russian Far East improving by 14.8% year-on-year and that of its terminals in the Baltic Basin declining by 2.3% year-on-year. The consolidated marine container throughput increased by 2.8% year-on-year in 2021 to make 1,576 thousand TEU.
In Q4 2021, the growth rate of the container throughput via VSC slowed down to 2.3%, while the throughput of the Group’s container terminals in the Baltic Basin was better than the market declining by 2.4%. The consolidated marine container throughput in Q4 2021 decreased marginally by 0.9% year-on-year to 385 thousand TEU.
The Group’s consolidated marine bulk throughput decreased by 44.8% year-on-year to 0.77 mn tons in Q4 2021 and by 14.6% year-on-year to 4.33 mn tons in 2021 resulting from VSC ceasing handling coal to contrate on the Group’s core business, which is containers.
Heavy ro-ro handling increased by 6.7% year-on-year to 6.4 thousand units in Q4 2021 and by 24.4% to 25.2 thousand units in 2021. Car handling declined by 25.1% in Q4 2021 on the back of the declining local demand but increased overall in the full year of 2021 by 27.8% to make 104.9 thousand units.
Albert Likholet, CEO of Global Ports Management, commented: “2021 was a very strong year for infrastructure and logistics and growth across all segments enabled the Russian container market to set a new record in volumes. In this year Global Ports not only successfully protected and enhanced our leadership positions in both of the Group’s basins of presence but also successfully set a solid foundation to maintain this strong standpoint going forward.”