APM Terminals maintains its faith in Global Ports

The Ruble is losing value. Growth in Russia is also on the decline. So is the amount of containers to be transported. And so is the share in Global Ports. APM Terminals, which owns a third of the terminal company, believes that the investment will pay off. Someday.

APM Terminals is not interested in hearing about declines in Global Ports, even though the Russian terminal company, of which the Maersk Group's port company owns a third, suffered a deficit of almost USD 200 million in 2014. From APM Terminals' point of view, Global Ports achieved a "strong" result, if one accounts for the economic and political conditions of Russia last year.

The chairman of the board at Global Ports, and vice president of APM Terminals, Tiemen Meester, tells ShippingWatch that the result -  noticeably the bottom line operational result - is strong when considering the overall situation in 2014.

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