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  • 2022 January 20 10:46

    Global Ports' consolidated marine container throughput increased by 2.8% y-o-y in 2021

    Image source: Global Ports
    Global Ports Investments PLC today announces its operational results for Q4 and FY 2021.

    Market growth continued in Q4 2021 (+4.4% y-o-y) resulting in the Russian marine container market achieving record volumes in 2021 of 5.4 million TEU (+7.1% y-o-y), driving growth in both containerised import (4Q 2021: + 4.9% y-o-y, FY21: +11.1% y-o-y) and containerised export (4Q 2021: — 1.1% y-o-y, FY21: +4.2% y-o-y)

    As a result of the sharp rise in freight rates in the global container shipping market and a deficit of empty containers globally, during Q4 2021 market players continued to prefer faster container import and export supply chains with the shortest sea leg. As a result, Q4 and FY 2021 market growth was concentrated in the Far Eastern basin (Q4 2021: +13.4% y-o-y, FY21: +14.0% y-o-y) and the Southern basin (Q4 2021: +0.4% y-o-y, FY21: +6.4% y-o-y) while combined throughput of terminals located in Saint Petersburg and the surrounding area declined by 4.6% y-o-y in Q4 2021 and 3.7% y-o-y in FY 2021.

    The Group successfully improved market share position in FY 2021 in all its basins of presence with throughput at VSC improving by 14.8% y-o-y FY 2021 and throughput of its terminals in the Baltic Basin declining by 2.3% y-o-y. In total, Consolidated Marine Container Throughput increased by 2.8% y-o-y in 2021 to 1.576 thousand TEUs.

    In Q4 2021, VSC operated in an environment of exceptionally high and rapidly changing demand dynamics whilst undergoing a strategic transition back to a 100% container dedicated facility using advanced terminal operating software, which resulted in a temporary decline in volumes in the middle of the reporting quarter. This important transition period ended in November and both VSC and our customers have seen a clear increase in the transparency and manageability of clearance processes and the efficiency of cargo handling. As a result, growth rate of container throughput at VSC slowed down to 2.3% in Q4 2021 while throughput of Group’s terminals in the Baltic Basin in the same period performed better than the relevant market declining by 2.4%. In Q4 2021, Consolidated Marine Container Throughput decreased marginally by 0.9% y-o-y to 385 thousand TEUs.

    As previously announced, VSC ceased coal handling in September 2021 enabling the terminal to concentrate on the Group’s core strategic operations of driving container volumes and decreasing its environmental impact. As a result, the Group’s Consolidated Marine Bulk Throughput decreased by 44.8% y-o-y to 0.77 million tonnes in Q4 2021 and by 14.6% y-o-y to 4.33 million tonnes in 2021.

    Heavy Ro-ro handling increased by 6.7% y-o-y to 6.4 thousand units in 4Q 2021 and by 24.4% to 25.2 thousand units in 2021. Car handling declined by 25.1% in 4Q 2021 on the back of declining local demand but increased overall in FY 2021 by 27.8% to 104.9 thousand units.

    Albert Likholet, CEO of Global Ports Management, commented: “2021 was a very strong year for infrastructure and logistics and growth across all segments enabled the Russian container market to set a new record in volumes. In this year Global Ports not only successfully protected and enhanced our leadership positions in both of the Group’s basins of presence but also successfully set a solid foundation to maintain this strong standpoint going forward.”

    Rounding adjustments have been made in calculating some of operational information included in this release. As a result, numerical figures and percentages shown as totals not be exact arithmetic aggregations and other calculations of the figures that precede them.


    Q4
    2021

    Q4
    2020

    Change

    FY
    2021

    FY
    2020

    Change

    Abs

    %

    Abs

    %

    Global Ports Consolidated Results

    Consolidated Marine Container Throughput (kTEU)

    385

    389

    -4

    -0,9%

    1,576

    1,533

    42

    2.8%

    FCT

    154

    170

    -16

    -9.2%

    628

    654

    -26

    -4.0%

    PLP

    98

    85

    13

    14,9%

    399

    377

    22

    5.8%

    VSC

    127

    124

    3

    2.3%

    520

    453

    67

    14.8%

    ULCT

    6

    10

    -4

    -35,8%

    29

    50

    -20

    -41.1%

    Non-containerised cargo

    Ro-ro (thousand units)

    6.4

    6.0

    0.4

    6.7%

    25.2

    20.3

    4.9

    24.4%

    Cars (thousand units)

    22.3

    29.8

    -7.5

    -25.1%

    104.9

    82.0

    22.8

    27.8%

    Bulk cargo (thousand tonnes)

    772

    1, 399

    -626

    -44.8%

    4, 330

    5, 074

    -743

    -14.6%

    Joint ventures

    Containerised cargo, kTEU

    Finnish Ports

    21.0

    22.2

    -1.2

    -5.3%

    77.4

    97.6

    -20.3

    -20.7%

    Yanino (inland terminal)

    24.4

    19.1

    5.3

    28.0%

    88.3

    86.1

    2.2

    2.5%

    Bulk cargo throughput, thousand tonnes

    Moby Dik

    52.0

    47.0

    5.0

    10.6%

    269.5

    226.7

    42.8

    18.9%

    Yanino

    94.6

    54.3

    40.3

    74.3%

    354.1

    261.3

    92.8

    35.5%

    Russian Container Market, kTEU

    Total Market

    1, 415

    1, 355

    59

    4.4%

    5, 405

    5, 049

    356

    7.1%

    Baltics (incl. Kaliningrad)

    634

    637

    -3

    -0.5%

    2, 509

    2, 431

    78

    3.2%

    — incl terminals of Saint-Petersburg and area

    517

    543

    -25

    -4.6%

    2, 072

    2, 150

    -79

    -3.7%

    Northern Ports

    50

    48

    2

    3.6%

    157

    162

    -5

    -3.0%

    South

    224

    224

    1

    0.4%

    847

    796

    51

    6.4%

    Far East

    507

    447

    60

    13.4%

    1, 892

    1, 660

    232

    14.0%




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