Global Ports Investments has announced its operational results for Q2 and H1 2023.
On the back of continuing strong demand in both the Far Eastern and the Southern basins and the gradual increase of direct vessel calls in the Baltics, the Russian container market grew in Q2 2023 by 33.1% year-on-year resulting in H1 2023 increase of 4% year-on-year.
Marine container throughput at the Group’s VSC terminal in the Russian Far East increased in Q2 2023 and H1 2023 by 15.1% year-on-year and 16.3% year-on-year respectively, while the throughput at the Groups’ terminals in the Baltics declined in Q2 2023 and H1 2023 by 49.7% year-on-year and 78.1% year-on-year respectively.
The Group’s marine container consolidated throughput amounted to 208 thousand TEU in Q2 2023 accounting for 17.4% of the total container traffic via Russia’s sea ports.
The Group’s consolidated marine container throughput declined in Q2 2023 by 16.1% year-on-year as the strong performance in the Far East was not sufficient to compensate for the decline at the Baltics’ terminals, which were highly exposed to blue chip international shipping lines who left the market in Q2 and Q3 2022. St. Petersburg-based FCT was down 71% year-on-year and PLP down 12% year-on-year in Q2 2023.
The Group’s consolidated marine container throughput in H1 2023 declined by 35.7% year-on-year.
The Group increased its marine bulk throughput in Q2 2023 by 119.1% v 1.7 million tons and in H1 2023 by 125.3% to 3 million tons as a result of successful efforts to increase utilization rate of temporary available container facilities at the terminals in the Russian Baltics.
Photo: courtesy of Global Ports