• 2020 October 16 10:58

    Global Ports' 9M 2020 consolidated marine container throughput increased by 7.1%

    Global Ports Investments PLC today announces its operational results for Q3 2020 and the 9 months to 30 September 2020.

    The Russian container market declined by 2.5% in Q3 2020 compared to Q3 2019, resulting in a corresponding 2.4% decline for the period of 9M 2020 vs. 9M 2019, as the growth in containerised export (y-o-y growth of 0.6% and 5.2% in Q3 and 9M 2020 respectively) was not sufficient to offset the decline of containerised import (y-o-y decline of 2.5% and 5.3% in Q3 and 9M 2020, respectively), as a result of the global and local macroeconomic impact of COVID-19.

    The Group continued to outperform the market with Consolidated Marine Container Throughput up 4.4% to 370 thousand TEU in Q3 2020 versus a 2.5% decline in the Russian container market over the same period. In addition, 9M 2020 Consolidated Marine Container Throughput increased by 7.1% to 1,144 thousand TEU against the container market decline of 2.4% over the same period.

    This Group outperformance of the market in both key basins where its terminals are located was as a result of the Group’s ongoing efforts to increase productivity and customer service standards. Consolidated Marine Container Throughput of the Group’s terminals located in the Baltic Basin declined by only 1.6% in Q3 2020 against a market decline of 10.2% in the same region, while Consolidated Marine Container Throughput of the Group’s terminal located in the Far Eastern Basin increased by 20.7% in Q3 2020, more than double the market growth of 8.9%.

    Consolidated Marine Bulk Throughput increased by 61% y-o-y to 1.47 million tonnes in Q3 2020, with 9M 2020 growth of 28% y-o-y, due in part to low coal handling volumes at VSC in August 2019 following scheduled maintenance works at railways and the early ramp-up stage of coal handling at ULCT in 1H 2019, which resulted in elevated y-o-y growth rates in Q1 2020.

    Heavy Ro-ro handling demonstrated early signs of recovery with 26% growth in Q3 2020 against Q3 2019 (compared to 2% growth in 9M 2020 vs. 9M 2019) whereas car handling remained depressed (y-o-y decline of 32% and 37% in Q3 and 9M 2020, respectively), reflecting the slowdown in Russian consumer demand.

    Albert Likholet, CEO of Global Ports Management, commented: "I’m pleased to see that our strategy continues to deliver despite the external challenges we face in the current environment. As a result of our ongoing efforts to improve the quality of our services across every aspect of our business, in the third quarter of 2020, we continued to deliver strong operational results and outperform the market in both maritime basins where we operate.

    “Despite the encouraging evidence of the overall market being flat in August-September with high growth rates at the Far East, high volatility and low visibility continue. Thus, we retain our focus on delivering operational excellence and constantly improving the standard of service to our clients in such challenging conditions, ensuring we are well-placed for any future recovery. Operating safely remains a key priority for our business and our people at this time.”


    Q3
    2020

    Q3
    2019

    Change

    9M
    2020

    9M
    2019

    Change

    Abs

    %

    Abs

    %

    Global Ports Consolidated Results

    Consolidated Marine Container Throughput (kTEU)

    370

    354

    16

    4.4%

    1,144

    1,069

    75

    7.1%

    FCT

    163

    166

    -3.7

    -2.2%

    484

    487

    -2.3

    -0.5%

    PLP

    79

    74

    4.4

    5.9%

    292

    243

    48.9

    20.1%

    VSC

    116

    96

    19.8

    20.7%

    328

    292

    36.0

    12.3%

    ULCT

    13

    18

    -5.0

    -27.6%

    40

    47

    -7.2

    -15.2%

    Non-containerised cargo

    Ro-ro (thousand units)

    5.5

    4.4

    1.1

    26.1%

    14.4

    14.2

    0.2

    1.6%

    Cars (thousand units)

    18

    27

    -9

    -32.4%

    52

    82

    -30.3

    -36.9%

    Bulk cargo (million tonnes)

    1.47

    0.9

    0.6

    61.1%

    3.7

    2.9

    0.8

    27.8%

    Joint ventures

    Containerised cargo, kTEU

    Finnish Ports

    24.9

    28.5

    -3.6

    -12.5%

    75.4

    84.5

    -9.0

    -10.7%

    Yanino (inland terminal)

    21.0

    28.3

    -7

    -25.9%

    66.7

    90.8

    -24.1

    -26.6%

    Bulk cargo throughput, thousand tonnes

    Moby Dik

    62.1

    50.5

    11.6

    22.9%

    179.7

    107.6

    72.1

    67.1%

    Yanino

    64.4

    88.8

    -24

    -27.5%

    206.5

    307.2

    -100.7

    -32.8%

    Russian Container Market, kTEU

    Total Market

    1,216

    1,247

    -31

    -2.5%

    3,697

    3,790

    -93

    -2.4%

    Baltics (incl. Kaliningrad)

    577

    642

    -66

    -10.2%

    1,794

    1,983

    -189

    -9.5%

    Northern Ports

    42

    40

    2

    5.7%

    114

    111

    4

    3.2%

    South

    156

    159

    -3

    -1.9%

    572

    564

    9

    1.5%

    Far East

    442

    406

    36

    8.9%

    1,217

    1,133

    84

    7.4%




2020 October 27

18:37 Bahri net profit up 114% in third quarter of 2020
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17:52 Publication of first N2000 nautical charts postponed to 2021
17:45 Deep water berth extension at Port of Halifax fully operational
17:37 SC Ports welcomes two new ship-to-shore cranes
17:30 FSUE Rosmorport to take part in 4th “LNG Fleet, LNG Bunkering and Alternatives” conference
17:06 Costa Cruises completes first LNG bunkering operation in Italy
16:24 OOCL updates North Europe – Turkey service
15:33 New tanks for storage and processing of polluted water have been put into operation in the port of Riga
15:04 Norway's biggest ferry company orders two new ferries from Havyard LAB
14:10 Port of Gothenburg posts results for January-September 2020
14:06 Krasniye Barrikady launched non-self-propelled cargo pontoon of Project GPRN
13:21 Wärtsilä cargo handling system design selected for new Very Large Ethane Carrier vessels
12:52 Bunker prices are stable in the Far East ports of Russia (graph)
12:27 BlueWater Reporting issues Q3 2020 World Liner Supply Report
12:09 HEINEKEN pioneers with zero-emission shipping
11:58 COVAXX and Maersk enter partnership to supply COVID-19 vaccines globally
11:03 Sea Port of Saint-Petersburg continues automation of railcars weighing
10:38 RF Government to look into development of national project focused on IWW
10:09 CMA CGM announces PSS for cargo from India North West ports to Europe
09:45 MABUX: Bunker Market this morning, Oct 27
09:40 Strategy for Developing the Russian Arctic Zone and Ensuring National Security until 2035 approved
09:22 Oil prices are recovering
09:07 Baltic Dry Index as of October 27

2020 October 26

18:03 Shipping emissions talks stall in London
18:03 Port of Klaipeda to get funds for sustainable development and digitization of the port’ management
17:42 34.6 million tonnes loaded in the Port of Klaipeda in 9 months of this year
16:58 Innovative solutions of MAPEI are increasingly widespread in shipbuilding
16:34 Kalmar continues long-term collaboration with Patrick Terminals with new order for AutoStrads
16:10 Average spot market price for Russian M100 product rose to RUB 12,430 pmt
15:46 Royal IHC and Suez Canal Authority successfully launch CSD HUSSEIN TANTAWY
15:34 EPS secures 15-year TC from STL for four dual fuel VLECs
14:52 RF Prime Minister approves list of checkpoints that can be crossed by foreigners with e-visas
14:31 Ocean Network Express to launch new intra Asia service
14:03 Port of Helsinki passenger traffic down 53.9% to 4.1 million in Jan-Sept 2020
13:06 Passenger turnover in Russian ports plunged by 73.9% in 9M’2020
12:59 ICS welcomes legally binding agreement to significantly improve the carbon efficiency of shipping
12:37 Delo Group and Russian Railways signed Agreement on cooperation in organization of rail container transportation
11:59 Stena Bulk branded class for tanker personnel opened at Admiral Makarov SUMIS
11:58 The Ocean Cleanup introduces first product made with ocean plastic pollution
11:30 NIBULON ranks first among Ukrainian shipyards
10:31 EMA and Keppel jointly awarded a research grant to pilot Singapore’s first floating Energy Storage System
10:15 Admiralteiskie Verfi shipyard delivered diesel-electric submarine Volkhov to RF Navy
09:50 MABUX: Bunker Market this morning, Oct 26
09:26 Oil market starts week with decreasing prices
09:09 Baltic Dry Index as of October 23

2020 October 25

15:27 USCG: Oil spill cleanup of Delaware Bay coastline continues
14:53 Richmond Council to host first public meeting with Hammersmith Bridge Taskforce
14:38 Deep water berth extension at Port of Halifax fully operational
13:27 Gothenburg Port Authority's Elvir Dzanic named as a member of Electrification Commission
12:43 Maritime NZ welcomes report to MPI
12:18 Oil spill response equipment and vessel rates in Singapore
11:04 GPA holds first virtual State of the Port

2020 October 24

15:47 Ocean transport of the first lot of railway coach to Myanmar completed
14:51 OOCL announces services changes and enhancements on Asia-Europe trade
13:28 Port Authority launches new campaign against litter
12:41 Hapag-Lloyd announces Ocean Tariff rates on East Asia - NEC and Mediterranean trade
11:06 CSD Hussein Tantawy successfully launched at IHC's shipyard in The Netherlands

2020 October 23

18:09 Baltic Data Flows: New HELCOM project seeks to harmonize and harvest environmental data at a pan-Baltic level
17:47 ICS welcomes legally binding agreement to significantly improve carbon efficiency of shipping