Drewry: Strong potential in Russian port giant

In spite of the turbulent development in Russia's economy, which has impacted the partially Maersk-owned Russian port company Global Ports, there is still plenty of potential in the company, assesses analyst agency Drewry.

The slowdown in the Russian economy has presumably hit rock bottom and, in spite of the recent years of decline for Russia's largest port company Global Ports which Maersk Line owns 30.75 percent of, there is significant potential in the company going forward, according to British analyst agency Drewry, based on factors including a meeting with the company's management, represented by CFO Mikhail Logano.

Global Ports Investments (GPI) is listed in London, and judging by the company's current share price, there is a potential price upside of 33 percent in the share, according to Drewry.

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