Global Ports Investments PLC has announced its operational results for Q1 2022. The consolidated container traffic via the Group’s terminals in January-March 2022 made 363,000 TEU, down 2% year-on-year compared to the total Russian container market growth of 1.7% during the period under report.
Container throughput of the Global Ports’ marine terminals in the Baltic was down 15.8% compared to the regional market decline of 14.6%. FCT handled 130,000 TEU, down 17.4% year-on-year, PLP lost 12.3% handling 82,000 TEU, and ULCT was down 25.2% to 6,000 TEU.
In the Far East, the Group’s VSC terminal in the port of Vostochny saw its container traffic surge 29.7% to 146,000 TEU compared to the regional market growth of 27.6%.
The Finnish terminals Global Ports co-owns with CMA Terminals, the Multi-Link Terminals in Helsinki and Kotka handled 26,900 TEU, up 33.6% year-on-year.
The inland terminal of Yanino was up 27.5% to 22,400 TEU.
Consolidated solid bulk traffic via the Group’s marine terminals dropped by 62.3% down to 470,000 tons, mainly due to VSC stopping coal handling in Q3 2021.
Car handling was down 35.5% to 18,400 units, heavylift ro-ro traffic declined by 28.8% to 4,300 units due to some of the Group’s customers suspending ship calls at the Global Ports terminals.
‘Although 2021 has been a successful year for the Group and the Group experienced 20% volume growth in throughput in the first two months of 2022, the current geopolitical situation has the potential to affect operations of the Group and its financial position rather adversely,’ the Group said in a statement.
‘The market outlook for 2022 in the Baltic basin is well below 2021, while Far Eastern market is expected to be more stable,’ according to Global Ports.