17 Nov 2023 11:56

Global Ports and PhosAgro enter into five-year contract to transship fertilizers at port of St. Petersburg

MOSCOW. Nov 17 (Interfax) - Global Ports, part of the Delo group, and the PhosAgro group have entered into an agreement to transship fertilizers through Global Ports' sea terminals in St. Petersburg, Global Ports stevedoring holding said in a statement.

"The contract has been concluded for a period of five years and is valid from 2024 to 2028. The annual transshipment volume should be at least three million tonnes per year," according to the statement.

Global Ports starting in 2022 adapted its terminals in St. Petersburg for non-containerized cargoes to compensate for the decline in container transshipment on the Baltic. In 2023, amid a gradual recovery of ship calls on the Russian Baltic, the turnover of bulk cargoes, primarily mineral fertilizers, increased significantly, the report said. In 9M 2023, the turnover of bulk cargoes of Global Ports' northwest terminals increased 1.9 times, to 4.8 million tonnes.

In 2022, Global Ports handled 0.7 million tonnes of PhosAgro fertilizers at the Petrolesport terminal.

Last year, PhosAgro gave up transshipment at the terminal of its long-term partner, logistics operator Ultramar in Ust-Luga.