Russia's Global Ports sees earnings slide in growing market

Partially Maersk-owned Russian port company Global Ports lost revenue and earnings in the first half of 2017 – but overall container volumes are rising.

Photo: Global Ports PR

Despite growth in overall container volumes going in and out of Russia in the first half of 2017, partially Maersk-owned terminal operator Global Ports Investments saw its earnings (EBITDA) slide 12.8 percent down to USD 97.3 million.

Revenue at the listed port company – which owns a series of terminals in the Baltic Sea and the Far Eastern part of Russia – also dropped slightly, to USD 162.5 million in the first six months of the year against USD 163.7 million in the same period last year.

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