Global Ports’ revenue hit by falling container throughput

Russian port operator Global Ports has reported a 28% fall in its 2015 revenue mainly due to falling imports negatively impacting on container throughput.

The company’s revenue went down from US$562m in 2014 to US$406m last year.

According to the group, this was mostly driven by the 31% year-on-year drop from 2.6m to 1.8m teu in 2015 in its marine container throughput against the backdrop of a macroeconomic slowdown and a sharp devaluation of the Russian rouble.