Global Ports Investments News

Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end of its business activities in the country.The group said the sale of its inland depot facility in Novorossiisk, with a capacity of 1,500 containers (TEU), and a chilled and frozen warehouse in St. Petersburg had obtained regulatory approvals in the European Union and Russia."We are pleased to have found…

French-based shipping group CMA CGM has completed its withdrawal from the Russian market by divesting stakes in terminals through an asset swap, the company said.“With this finalized transaction and the decision to suspend all new bookings to and from Russia since March 1st, 2022, the CMA CGM Group will no longer be involved in any entities operating in Russia,” it said in an emailed statement.The deal was concluded on Dec. 28, it said.CMA CGM inherited 25% stakes in four terminals in Russia and Finland through the acquisition of Finnish firm Containerships in 2018…

A.P. Moller-Maersk said on Monday it has agreed to sell its 30.75% stake in Russian port operator Global Ports Investments to Russia's largest container operator Delo Group, which also owns a 30.75% stake in the firm.After the divestment, which needs regulatory approval, Maersk's port unit APM Terminals would "no longer be involved in any entities operating in Russia or own any assets in the country," Maersk said in a statement.Maersk put its stake in Global Ports up for sale in March as it decided to quit Russia because of its invasion of Ukraine.

Maersk has found possible buyers for its stake in Global Ports Investments, which operates ports in Russia as it withdraws from the country following a final cargo shipment this week, the Danish shipping group said on Wednesday.Maersk put its 30.75% share of Global Ports up for sale as it decided to quit Russia because of its invasion of Ukraine.It said talks were taking place with several potential buyers without giving names and that it did not expect to have to give the stake…

Shipping group Maersk made its last cargo shipment to a Russian port this week and took impairment losses and writedowns of $718 because of Russia's invasion of Ukraine, the Danish firm said on Wednesday.Maersk, which has decided to withdraw completely from Russia, carried out its last cargo operation in a Russian port on Monday, but still has 20,000 containers stranded in Russia.Maersk said in March it would sell all its assets in Russia, including its 30.75% stake in Russian port operator Global Ports Investments…

Shipping group Maersk still has vessels calling at Russian ports to deliver containers booked before the invasion of Ukraine began and to pick up around 50,000 containers stranded in Russia, Chief Executive Soren Skou said on Tuesday.The company has temporarily halted new container bookings to and from Russia, as a consequence of what the Kremlin calls a “special military operation” in Ukraine.“We have about 50,000 of our containers in Russia today. Most of them are empty, they are our property,” Skou said.“We need them, and we are very reluctant to leave them in Russia.

A.P. Moller-Maersk is looking to divest its 30.75% stake in Russian port operator Global Ports Investments due to Russia's invasion of Ukraine, Maersk's port unit APM Terminals said on Friday.Global Ports' shareholders include Russian state nuclear company Rosatom and Russian businessman Sergey Shiskarev.

Global Ports Investments PLC announced that First Container Terminal Inc., one of the Group’s sea terminals, has signed an agreement to sell its 100% shares in JSC Logistika-Terminal (LT), one of the Group’s two inland terminals, to PJSC TransContainer for a consideration of 1.9 billion Russian rubles to be paid upon completion of the transaction. The transaction will allow the Group to optimize its inland terminal network focusing on the Yanino terminal, a modern multipurpose inland terminal in the vicinity of St. Petersburg. The Group intends to use the proceeds of the sale for further deleveraging, a key strategic priority. The transaction is subject to approval of relevant regulatory authorities. LT is an inland container terminal near St.

Global Bulk Terminals market is expected to grow from $5.20 billion in 2016 to reach $7.41 billion by 2023 with a CAGR of 5.1%, said Forecast Research Study. Rising demand from industrial output, increasing usage of bulk commodities and its affordability in emerging countries are some of the factors fuelling the market. In addition downfall of coal consumption and business reforms in some countries are hindering the market growth. Based on type, dry bulk segment has acquired the largest market share and growth of this segment is attributed to developing countries and their cleaner energy utilizing approach and thus restricting the coal consumption.

Global Ports Investments PLC's  container traffic slumped 31 percent and revenue sank 28 percent in 2015. Global Ports Investments' revenues fell to USD405.7 million in the year to the end of December. Net loss of the port operator in 2015 amounted to $33.7 million versus $197.3 million net loss a year earlier, the financial report said the company’s financial and operating results for the year of 2015. Thus, the net loss decreased in 5.8 times. The leading operator of container terminals on the Russian market explains the decrease in revenue the drop in traffic (container throughput of Global Ports in 2015 decreased compared with the previous year by 31%, to 1.8 million TEU(equivalent 20-foot container)).

In its second quarter ended 30, June 2014 APM Terminals reports increases in both profits and container volume throughput. AgreementreachedtodivestAPMTerminals Virginia, Portsmouth, USA with an expected completion during Q3. APM Terminals delivered an increased profit of USD 223m (USD 179m) in Q2, driven by a strong volume growth of 8% with new terminals contributing by 2%. Additions to the network came mainly from the acquisition of NCC Group Limited by Global Ports Investments PLC, Russia in 2013 and ramp-up in the jointly owned Brasil Terminal Portuario in Santos, Brazil. Revenue increased by 6% to USD 1.1bn, reflecting the growth…

International Container Terminal Services Inc. (ICTSI) is considered one of the biggest risk takers amongst global container terminal operators. Drewry Maritime Equity Research (DMER) believes that the company is now showing signs of better risk management that will assist in its long term sustainability. The differential in expected container volume growth rates between the developed and emerging markets has led operators to focus attention on emerging market opportunities and seek to rebalance their portfolios. One of the key perceived negatives for ICTSI in the past has been the geopolitical risks associated in some of its investments in economies such as Pakistan, Syria and more recently in Iraq that can provide robust returns.

The prospect of Russia’s two largest container terminal operators joining forces has raised concerns over the dominant position that the combined enterprise would enjoy were the deal to be agreed. Global Ports Investments (GPI), one of the two largest players in the Russian container port market, is investigating the acquisition of a controlling stake in National Container Company (NCC), the other dominant player in the Russian market. The prospect of Russia’s two largest container…

Measured by equity TEU, there is no change in the order & ranking of the top five international container terminal operators. PSA (Port of Singapore Authority) was again the leading operator in terms of equity TEU ahead of Hutchison (HPH), but by a much reduced margin following the divestment by PSA of its interests in HPH’s Hong Kong terminals. There is now a difference of only just over 4 million TEU in Drewry’s assessment of PSA and HPH’s equity TEU throughput. DP World and APM Terminals are closely matched in third and fourth spots whilst the COSCO Group’s throughput remains somewhat less than that of the top 4 players. The big four global operators collectively accounted for 26.5% of world container port throughput…

Drewry Maritime Research’s latest Annual Review of Global Container Terminal Operators report shows that whilst some things have remained the same, others have changed significantly with more change to come. Measured by equity teu, there is no change in the order and ranking of the top five operators. PSA was again the leading operator in terms of equity teu ahead of Hutchison (HPH), but by a much reduced margin following the divestment by PSA of its interests in HPH’s Hong Kong terminals. There is now a difference of only just over 4 million teu in Drewry’s assessment of PSA and HPH’s equity teu throughput. DP World and APM Terminals are closely matched in third and fourth spots whilst the COSCO Group’s throughput remains somewhat less than that of the top 4 players.