Drewry: Global Ports will lose even more in revenue
After a significant loss at Russian port company Global Ports in 2014, the analyst agency projects a further drop in revenue this year, where the crisis will continue to haunt Russia.
BY KATRINE GRØNVALD RAUN
The Russian port company Global Ports, 30 percent of which is currently owned by APM Terminals, can expect a further drop in revenue this year. Drewry has compiled a new analysis, following the company's annual report for 2014, which showed a net loss of USD 193.1 million due to the extreme devaluation of the ruble and the economic crisis in the country, which picked up speed for real last year following the western sanctions against the country.
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