Global Ports has announced its operational results for the first quarter of the year with the company’s consolidated marine container throughput declining by 48.8% compared to the same period last year.
The box throughput of Global Ports’ Vostochnaya Stevedoring Company (VSC) in the first three months increased by 17.3% year-on-year, while Global Ports’ consolidated bulk cargo throughput grew by 133.4% to 1.269 million tonnes.
That was the result of the Group’s efforts to attract bulk cargo in order to compensate for the container market decline in the Baltics.
Meanwhile, the Russian container market in 1Q23 posted a significant decline of 16% compared to 1Q22. In particular, the total marine container throughput of Russian ports amounted to 1.099 million TEUs compared to 1.308 million TEUs in the first quarter of 2022.
