Global Ports: Russian outlook ”extremely promising”

The new Russian branch of APM Terminals, Global Ports, experienced a fall in turnover in the first six months of 2012. Still, the company considers the prospects of the Russian market to be “extremely promising”.

Photo: Maersk Line

Even though the turnover of APM Terminals’ partly-owned Russian ports company, Global Ports, dropped by 1.5 percent in the first six months of 2012, the expectations to the development of the Russian market are still very high.

The fall in turnover to USD 255.7 million from USD 259.7 million in the same period of time last year is first and foremost caused by a decline in the company’s oil activities, Oil Products Terminals, and the Finnish  ports, the interim report shows.

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