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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.

CEO of APM Terminals and Vice-Chairman of the Global Ports board, Kim Fejfer, is convinced of the strengths of the Russian market.

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