Global Ports Investments has announced its operational results for Q3 and 9M 2023.
On the back of ongoing gradual recovery of direct vessel calls at the Baltics and continuing strong demand in both Far Eastern and Southern basins, the Russian container market grew by 37.2% year-on-year in Q3 2023 resulting in a 9 months’ 2023 increase of 13.4% year-on-year, the group said in a statement.
The market was broadly flat in Q3 2023 compared to Q2 2023 (-0.4% quarter-on-quarter). The total marine container throughput of the Russian ports amounted to 1.19 mn TEU in Q3 2023 compared to 0.87 mn TEU in Q3 2022.
Overall, the Group’s Consolidated Marine container throughput amounted to 241 thousand TEU in Q3 2023, an increase of 16% quarter-on-quarter and growth of 19.4% year-on-year, compared to the quarter-on-quarter broadly unchanged market (decline of 0.4%) and year-on-year growth of 37.2%.
The marine container throughput at the Group’s terminals in the Baltics increased in Q3 2023 to 84.9 thousand TEU, a 4.5-fold growth compared to Q3 2022 and growth of 41.8% compared to Q2 2023. However, the 9 months’ 2023 marine container throughput of the Group’s terminals in Baltics remained significantly below the 9 months 2022 volumes (-55.4%) given strong volumes of Q1 2022.
The Group increased its marine bulk throughput in Q3 2023 by 50.5% year-on-year to 1.8 mn tons and, for the 9 months of 2023, by 89.9% year-on-year to 4.8 mn tons as a result of successful efforts to increase the utilization rate of the temporary available container facilities at the terminals in the Russian Baltics.
Photo: Global Ports