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”.
BY TOMAS KRISTIANSEN
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.
On Dec. 5, all Russian crude oil will be banned in the EU. But oil from the warring country will still flow into the world market, and both the EU embargo and price cap can be circumvented, predicts sanctions lawyer.