Global Ports suffers in weak Russian market

Total marine container throughput Global Ports’ facilities declined by 19% to 1.1m teu last year, as the terminal operator focused on premium services in a tough market.

The Russian container market grew by 1% year on year in 2016, although capacity utilisation across the industry remained below 50%.

According a company statement, its volume drop was attributable to a focus on “providing a premium quality service and maintaining a disciplined commercial strategy during the period against a backdrop of increasing competition in a market with low capacity utilisation”.