Global Ports has announced its operational results for the first quarter of 2024, during which the Russian container market experienced a notable growth of 17.7%, reaching 1,293,000 TEUs.
The Baltic basin witnessed a rapid recovery, with container throughput nearly doubling to 409,000 TEUs in Q1 2024. As a result, the Baltic basin’s share in the total Russian market surged to 32% from 19% a year earlier.
Additionally, container throughput in the Black Sea basin rose by 6.8% over the past quarter. This growth in the Baltic and Black Sea basins partly offset the decline observed in the Far East Basin, where container throughput dipped by 3.5%. Consequently, the Far East basin’s share in the total Russian market decreased to 44% in Q1 2024 from 53% in the previous year.
Global Ports’ consolidated container throughput at marine terminals surged to 297,000 TEUs in Q1 2024, marking a robust increase of 12.4% quarter-on-quarter and an impressive 59.4% year-on-year.
Also, in Q1 2024, container throughput at Global Ports’ terminals in the Baltics soared to 155,000 TEU, representing a remarkable 10.2-fold increase year-on-year and a substantial 23.7% quarter-on-quarter surge. Conversely, due to declining volumes in the Far East basin, Global Ports’ terminal in that region experienced a 16.9% decrease in container throughput.
Furthermore, the Holding continued its successful expansion in non-containerized cargo throughput. In Q1 2024, the consolidated bulk cargo throughput of Global Ports’ marine terminals witnessed a robust growth of 38.3%, reaching 1.8 million tons.
