Global Ports hopes to raise container traffic by about 6% in 2019

MOSCOW, Nov 22 (PRIME) -- Russian container terminal operator Global Ports hopes it will outstrip 2020 expected market growth of 4-5% after a 6% increase in 2019, CEO Vladimir Bychkov told reporters on Friday.

“We expect to grow slightly faster than the market…We forecast a single digit growth of the market in 2020, closer to the lesser half, we see it at 4–5%. We plan to grow faster,” he said.

“We go faster than the Northwestern market (in 2019), while in the Far East we underperform. On average…we are likely to grow with the market. The market will expand by about 6% (in 2019).”

The company’s development strategy until 2020 include focus on Russia and concentration on the stevedore and container business.

“The key things that we defined in the strategy are: first, we are in the stevedore business and nothing else; second, we prioritize the container segment and work in the other types of transportation only as much as it raises revenue of our container terminals; third, we focus on Russia,” he said.

Container traffic in the Russian seaports rose 11.1% on the year to 53.6 million tonnes in 2018, while the traffic of Global Ports terminals went up 12.2% to 1.35 million twenty-foot equivalent units (TEUs).

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