14 April 2023
Global Ports Investments PLC
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.
Global Ports' consolidated bulk cargo throughput in 1Q23 increased by 133.4% vs 1Q22 to 1,269 thousand tonnes as result of Group's efforts to attract bulk cargo in order to compensate for the container market decline on the Baltics.
Q1 2023 | Q1 2022 | Change | ||
Abs | % | |||
Global Ports Consolidated Results | ||||
Consolidated Marine Container | 186 | 363 | -177 | -48.8% |
Throughput (kTEU) | ||||
FCT | 6 | 130 | -124 | -95.7% |
PLP | 9 | 82 | -72 | -88.7% |
VSC | 171 | 146 | 25 | 17.3% |
ULCT | 0.3 | 6 | -6 | -95.5% |
MD | 0.0 | 0.1 | 0 | -100.0% |
Non-containerised cargo | ||||
Ro-ro (thousand units) | 0.7 | 4.3 | -3.7 | -84.3% |
Cars (thousand units) | 0.0 | 18.4 | -18.4 | -100.0% |
Bulk cargo (thousand tonnes) | 1,269 | 544 | 725.5 | 133.4% |
Yanino (inland terminal) | ||||
Containerised cargo, kTEU | 8.5 | 22.2 | -13.7 | -61.8% |
Bulk cargo (thousand tonnes) | 19.4 | 80.6 | -61.2 | -76.0% |
Joint ventures | ||||
Containerised cargo, kTEU | ||||
Finnish Ports | 19.9 | 26.9 | -7.0 | -25.9% |
Russian Container Market, kTEU | ||||
Total Market | 1,099 | 1,308 | -210 | -16.0% |
Baltics (incl. Kaliningrad) | 208 | 517 | -309 | -59.8% |
-incl terminals of Saint-Petersburg and area | 184 | 444 | -260 | -58.5% |
Northern Ports | 44 | 43 | 1 | 3.0% |
South | 262 | 233 | 29 | 12.5% |
Far East | 584 | 515 | 69 | 13.4% |
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ENQUIRIES | |||
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NOTES TO EDITORS
Global Ports Investments PLC is the leading operator of container terminals in the Russian market in terms of capacity and container throughput.1
Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign Russian trade and transit cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal2 and Moby Dik in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland3 (Multi-Link Terminals in Helsinki and Kotka). Global Ports also owns inland container terminal Yanino Logistics Park located in the vicinity of St. Petersburg.
Consolidated Marine Container Throughput was 992 thousand TEUs in 2022.
Global Ports' major shareholder is Delo Group, the largest intermodal container and port operator in Russia4
For more information please see: www.globalports.com
LEGAL DISCLAIMER
Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of Global Ports. You can identify forward- looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might" or the negative of such terms or other similar expressions. Any forward- looking statement is based on information available to Global Ports as of the date of the statement and, other than in accordance with its legal or regulatory obligations, Global Ports does not intend or undertake to update or revise these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Forward-looking statements involve known and unknown risks and Global Ports wishes to caution you that these statements are only predictions and that actual events or results may differ materially from what is expressed or implied by these statements. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Global Ports, including, among others, general political and economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries Global Ports operates in, as well as many other risks related to Global Ports and its operations. All written or oral forward-looking statements attributable to Global Ports are qualified by this caution.
1 Company estimates based on FY 2022 throughput and the information published by the "ASOP".
- In which Eurogate currently has a 20% effective ownership interest.
- Joint ventures in each of which CMA Terminals currently has a 50% effective ownership interest.
- According to publicly available data atwww.delo-group.com.
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Global Ports Investments plc published this content on 13 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2023 13:15:05 UTC.