Global Ports under severe pressure in 2016
Global Ports, which is partially owned by APM Terminals, experienced a large decline in revenue in 2016 following significantly reduced container activity in Russia. "The Russian container market remained sluggish," says CEO Vladislav Baumgertner. But there are signs of improvements ahead.
Russia's biggest terminal operator, Global Ports, which is partially owned by the Maersk Group's port company APM Terminals, had yet another tough year in 2016. Container volumes for the company's activities in Russia alone declined 17.8 percent in 2015, to 1.2 million teu.
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