Global Ports sees container turnover surge 59.4% at terminals in Q1 2024

MOSCOW. April 18 (Interfax) - Global Ports, part of the Delo group of companies, saw consolidated container turnover surge 59.4% year-on-year to 297,000 twenty-foot equivalent unit (TEU) containers at its marine terminals in the first quarter of 2024, the company said.

"Container turnover at Global Ports sea terminals in the Baltic in the first quarter increased to 155,000 TEU, or 10.2-fold year-on-year and 23.7% compared to the previous quarter. Container turnover at the Global Ports terminal in the Far East fell 16.9% as volumes declined in the Far Eastern basin," it said.

"The Russian container market has almost overcome the decline of 2022 and has returned to the transshipment volumes of the first quarters of 2021 and 2022. On this journey the leading basin has changed, but the Baltic continues to regain its foothold intensively," management says in a commentary.

According to Global Ports, the Russian container transshipment market increased 17.7% year-on-year in Q1 2024 to 1.293 million TEU.

Global Ports is the largest operator of sea container terminals in Russia. The company owns container and multifunctional terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal and Moby Dick in the Baltic, as well as the Eastern Stevedoring Company in the Far East) and two container terminals in Finland, in Helsinki and Kotka. In addition, the company manages the Yanino Logistics Park internal terminal near St. Petersburg.