News

2021 July 16 13:08

Global Ports posts its Q2 and H1 2021 operational results

Global Ports Investments PLC (“Global Ports” or the “Company” and, together with its subsidiaries and joint ventures, the “Group”) (LSE ticker: GLPR) today announces its operational results for Q2 and H1 2021.

Highlights:

Albert Likholet, CEO of Global Ports Management, commented:

“Over the period, the Russian container market was strong in all segments and across all basins as rapid import recovery, continuing growth of full export, and booming transit volumes has enabled an acceleration of its growth in Q2. We are also pleased to see that the Baltic basin has started to catch up with the overall market performance and that the Group’s terminals grew faster than the market in the Far East basin and Saint-Petersburg area during the second quarter”.

“Our agile asset base has always meant that Global Ports has been well-placed to navigate any challenges and benefit from any market uplift, and we have remained adaptable, taking an opportunistic approach to additional revenue streams. Furthermore, the impact that our business has on the environment has always been an important consideration for us. VSC container handling growth in the second quarter of 2021 was 23.4% y-o-y with the terminal posting the highest monthly container volumes in its history so far this year, and we see further growth potential to come. Therefore, in the current environment, it makes strategic sense to prioritise container volumes in the Far East, delivering a lower environmental impact, which has always been at the core of our Group strategy”

Source: Global Ports