Read all the latest news about Global Ports. ShippingWatch gives you independent, credible, critical and fair news.

Deficit grows for Maersk's Russian port company

Global Ports, which APM Terminals owns a third of, has emerged from 2018 with a larger deficit than in 2017. The Russian container market is carrying out fundamental changes, says the company's CEO.

Maersk's Russian port company gets new co-owner

Global Ports, partly owned by APM Terminals, will see a new co-owner in the form of Russia's Delo Group. The terminal company will be henceforth partly owned by Delo Group and APM Terminals. Corrected 12/21/17.

Asian ports offer shippers the most connectivity

A new survey shows Asian ports offer shippers the largest choice of destinations and calls in the world. Only one European port is in the global top ten of the best-connected ports, writes Drewry.

Critical US port deal could be on the cards

The International Longshoremen's Association, which just a few years ago threatened to take down several large US ports, is optimistic about securing a new collective agreement which will last until 2024 for the US East Coast, reports Journal of Commerce.

Dockworkers block automation of vehicles in West Coast ports

The powerful US dockworker union ILWU has succeeded in slowing the development towards automation in Los Angeles and Long Beach. A new law holds that environmentally-friendly vehicles in the ports must not be fully automated or remote controlled in order to secure subsidies.

Gothenburg port conflict could lead to bankruptcies

The year-long conflict in the port of Gothenburg involving APM Terminals has proved expensive for Swedish industry. Swedish chamber of commerce projects that the conflict could trigger bankruptcies, according to newspaper Dagens Nyheter.

Global Ports under severe pressure in 2016

Global Ports, which is partially owned by APM Terminals, experienced a large decline in revenue in 2016 following significantly reduced container activity in Russia. "The Russian container market remained sluggish," says CEO Vladislav Baumgertner. But there are signs of improvements ahead.

Shanghai still world's busiest port

Shanghai cemented its position as the world's busiest container port in 2016. Despite a tough year for global trade, the port succeeded in increasing the number of twenty-foot containers. Singapore follows in second place.

Global Ports took yet another dive in 2016

The number of containers which passed through the terminals of Russia's Global Ports dropped by 22 percent in the first half of 2016, while revenue and the operating result noted setbacks as well.

Russia's Global Ports down big-time in 2015

Partially APM Terminals-owned Global Ports in Russia has lost close to one third of its revenue in the wake of the challenging economic conditions in the country. Continued devaluation of the ruble helped the company keep its costs in check.

DP World varmer op til ny russisk satsning

Bestyrelsesformand for Dubai-selskabet DP World, Sultan bin Sulayem, har været på visit hos den russiske præsident Vladimir Putin. DP World er klar til at vende tilbage til Rusland efter godt tre års pause, sagde han for nylig.

Global Ports appoints new CEO

Russian Global Ports has appointed a new CEO for the partially Maersk-owned port company. Read on to learn who will head the company going forward.

Dramatic decline in Russian trade

The dramatic slide in Russia's import and export picked up noticeable strength in the beginning of the year, and this trend seems to have solidified in the first half of the year in spite of slight improvements.

Maersk sends senior execs to economic summit in Russia

Led by CEO Kim Fejfer of APM Terminals, a Maersk Group delegation will participate in an economic summit in St. Petersburg that begins today, Thursday. On Wednesday the EU extended the economic sanctions against Russia.

Drewry: Strong potential in Russian port giant

In spite of the turbulent development in Russia's economy, which has impacted the partially Maersk-owned Russian port company Global Ports, there is still plenty of potential in the company, assesses analyst agency Drewry.

Drewry: Stærkt potentiale i russisk havnegigant

Trods den turbulente udvikling i Ruslands økonomi, der bl.a. har ramt det delvis Maersk-ejede russiske havneselskab Global Ports, er der masser af potentiale i selskabet, vurderer analysehuset Drewy.

Maersk: We are hit by the crisis in Russia

"The worsening macroeconomic situation in Russia has had a significant negative impact on the container market," Tiemen Meester, chairman of Russian Global Ports and vice president of APM Terminals, tells ShippingWatch.

Maersk: Vi er ramt i Rusland

"Den forværrede makroøkonomiske situation i Rusland har haft en markant negativ indflydelse på containermarkedet," siger Tiemen Meester, bestyrelsesformand i russiske Global Ports og vice president i APM Terminals, til ShippingWatch.

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