Growth at Global Ports
Russian terminal operator Global Ports has reported its results for H1/2021. Consolidated marine container throughput went up by 1.9% year-on-year to more almost 790,000 teu while the consolidated marine bulk container segment generated a throughput of 2.6 million t (+19.4% y-o-y).
Revenues increased by 24.6% to USD 229.8 million and grew 6.9% like-for-like. Adjusted ebitda was at USD 113.8 million (+8.5%) while operating profit rose by 11% to USD 87.4 million. Profit for the period more than doubled to USD 53.9. million.
In contrast to 2020, the first six months of 2021 saw a strong recovery in car transportation and High and Heavy Ro-Ro handling (+62.3% y-o-y and +45.6% y-o-y, respectively).
Albert Likholet, CEO of Global Ports, commented: "Given the acceleration in growth momentum that we saw in Q2/2021 in both full container import and full container exports, combined with the thriving growth in transit volumes, we take a cautiously optimistic view on the rest of the year." (cd)