Press Releases
Throughput at Global Ports' Container Terminals Increased by 22.4% in 2008
Total throughput of port terminals belonging to Global Ports Investments Plc (GPI) amounted to 1,326 million TEU and 18.3 million tonnes of other cargo according to 2008 results. Container handling increased by 22.4%, and other cargo by 5.5% compared to 2007.
Throughput at the OJSC Petrolesport, which ranks second in container throughput in Northwest Russia, rose 44.4% to about 532,000 TEU. The Ro-Ro terminal handled 64,900 units, which is double the 2007 figure (+100.8%). Above strong growth was achieved by investments into conversion of scrap, timber and other general cargo handling facilities into container and Ro-Ro handling facilities. In parallel scrap handling decreased to 0.9 million tonnes (-25.3%), timber to 0.8 million tonnes (-44.1%) and general cargo to 0.02 millions tonnes (-20.5%) in 2008. Handling of refrigerated goods remained relatively stable at 0.2 million tonnes (+2.1%) in 2008.
Cargo throughput at the Moby Dik Ltd. terminal in Kronshtadt totalled 219,000 TEU in 2008, an increase of 7.2% compared to 2007.
The group’s Finnish terminals, Multi-Link Terminals Oy, in Helsinki and Kotka, handled 175,000 TEU, an increase of 25.1% compared to 2007.
Cargo throughput at the Vostochnaya Stevedoring Company, which is located at Vostochny Port and is the operator of the leading container terminal in Russia’s Far East, rose 8% to 401,000 TEU.
Cargo throughput at Vopak E.O.S. (VEOS), the largest oil transfer terminal in the Baltic Region, reached 15.7 million tonnes, a 14.6% increase over the same period of the last year.
Nikita Mishin, chairman of the GPI board of directors noted: “It was another year of rapid growth for the cargo handling terminals of Global Ports Investments. Responding to the market needs according to our development programme, we managed to increase the throughput of our container and oil terminals by almost one-fifth. This impressive growth was driven mostly by the ongoing conversion of Petrolesport into a modern container and Ro-Ro handling facility, as well as the improved performance of VEOS.”
February 04, 2009
Background
Global Ports Investments Plc (GPI) is one of Russia’s leading container terminal operators. In 2007 GPI companies handled 1,083 million TEU, which is more than 30% of all container traffic at Russian ports. It also operates the largest oil transfer terminal in the Baltic Region: its throughput totalled 13.7 million tonnes of petroleum products; the company’s share of Russia’s total petroleum exports exceeds 30%. Global Ports Investments Plc. (GPI) is part of the N-Trans Group.
Global Ports’ terminals are located in the Baltic and Far Eastern basins – key gateways for Russian container imports and exports. Global Ports’ container terminals are ports of final destination. Global Ports' container terminals include the second-largest container terminal in Russia’s Northwest Region, Petrolesport (St. Petersburg); the largest container terminal in the Far Eastern Basin, Vostochnaya Stevedoring Company (VSC); the third-largest container terminal in St. Petersburg, Moby Dik; the first mixed use inland container logistics complex, Yanino (St. Petersburg), which is now under construction; and two marine terminals and five inland terminals in Finland and Poland. GPI’s strategic partner DP World owns 25% of VSC, while 25% of Moby Dik, Yanino and the Finnish terminals belong to strategic partner Container Finance Oy.
Global Ports’ oil terminal, Vopak E.O.S. (VEOS), is the largest oil transfer terminal in the Baltic Region (by throughput) and the only independent terminal of its class on the Baltic that can accept VLCC class tankers. Global Ports’ strategic partner Royal Vopak NV owns 50% of VEOS. For additional information please visit: www.globalports.com.