ShippingWatch

These are the Global Ports numbers that worry Maersk

Developments at the two Russian container ports St. Petersburg and Ust-Luga, which form part of APM Terminals' Russian investment in Global Ports, have moved almost exclusively in the wrong direction since the company acquired one third of Global Ports.

APM Terminals has continuously maintained that the USD 900 million investment made in the late summer 2012 was long-term and would prove its worth over time. But as ShippingWatch reported yesterday, an increasing number of factors are developing negatively for the Russian port company, which in addition to container terminals also consists of inland facilities and oil terminals.

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