News
14 April 2023
Global Ports Q1 2023 Operational results
Global Ports Investments PLC ("Global Ports" or the "Company" and, together with its subsidiaries and joint ventures, the "Group") today announces its operational results for Q1 2023.On the back of rebuilding of container supply chains in the course of 2022, Russian container market in 1Q23 posted significant decline of 16.0% compared to 1Q22. Total marine container throughput of Russian ports amounted to 1,099 thousand TEU compared to 1,308 thousand TEU in 1Q22. At the same time, the market increased by 8.4% compared to 4Q22 as a result of continuing gradual increase of direct vessel call at Baltics and strong demand in both Far Eastern and South basins.
The Group’s consolidated marine container throughput in 1Q23 declined by 48.8% compared to 1Q22, given the high base effect of the first two months of 2022, while demonstrating a 4% increase compared to 4Q22. VSC container throughput in 1Q23 increased by 17.3% vs 1Q22 and 2.0% vs 4Q22 which exceeded market growth in Far East in both periods.
