Global Ports board: Russian market super strong

Despite yesterday’s major depreciations in Russian Global Ports the ports operator partly owned by APM Terminals has a lot of opportunities, the board states.

BY LOUISE VOGDRUP-SCHMIDT

Yesterday, the Russian ports operator Global Ports, of which APM Terminals owns 37.5 percent, presented a net result showing a development which was 16 percent weaker than the year before. In particular, the result was affected by a depreciation of the St. Petersburg container terminal. Despite the downturn of 2012, the board of Global Ports remains positive towards the future of the Russian market.

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