Russian economic woes affect Global Ports’ volumes

Russia’s largest container terminal operator, Global Ports, suffered a difficult 2014, beset by the country’s economic problems, as per its latest results.

Gross container throughput declined 4.3% year-on-year to 2.66m teu, down from 2.77m teu in 2013, mainly due to falling volumes at its St Petersburg terminals.

Petrolesport (PLP) handled 658,000 teu, a decrease of 7.5% compared to 711,000 teu in 2013 while First Container Terminal (FCT) saw volumes tumble 13.2% from 1.1m teu in 2013 to 941,000 teu last year.