News
International Joint-Stock Company Global Ports Investments (‘Global Ports’ or the ‘Company, together with its subsidiaries and joint ventures – the ‘Holding’, part of the Delo Group) today announces its operational results for Q3 and 9M 2025.In Q3 2025, Russian marine container market decreased by 7.3% y-o-y and amounted to 1,260 thousand TEU primarily due to a decline in laden import, which was down by 16.1% y-o-y. Meanwhile, laden export increased by 1.7% y-o-y.
As a result, in 9M 2025, Russian marine container market decreased by 3.2% y-o-y to 3,972 thousand TEU. The Baltic and Azov-Black Sea basins (growth of 6.2% y-o-y and 5.3% y-o-y, respectively) continued to regain market share, outpacing the growth rates of container terminals in the Far East (-11.9% y-o-y).
In the reporting period the dynamics of consolidated container throughput of the Global Ports’ marine terminals was better than the market. The Holding's marine container throughput decreased by 4.4% y-o-y to 273 thousand TEU in Q3 2025 and by 2.1% y-o-y to 836 thousand TEU in 9M 2025.
In the Baltic basin, the Holding continued to outpace the market in terms of growth rates. Container throughput at Global Ports’ marine terminals in the Northwest Russia increased by 13.9% y-o-y in Q3 2025 (against growth in the region by 9.8% y-o-y) and by 18.5% y-o-y in 9M 2025 (against growth in the region by 6.2% y-o-y).
Global Ports' consolidated marine non-containerised cargo throughput continued to grow steadily and amounted to 1.7 million tonnes in Q3 2025 (+1.4% y-o-y) and 5.2 million tonnes in 9M 2025 (+2.9% y-o-y). The Holding continues to increase fertiliser throughput at its marine terminals in the Baltic basin (+18.3% y-o-y in 9M 2025), gradually reducing less-marginal coal handling (-42.2% y-o-y over the same period).
Management comment:
The Russian container market declined in Q3 2025 following a decline in laden import amid slowing consumer demand. However, containerised export remained at last year's level.
Growth rates of the Global Ports' container throughput remained above the market in both Q3 and 9M 2025.
Consumer demand traditionally picks up in Q4, this could have a positive impact on the market.
Key operational information:
Rounding adjustments have been made to calculate some of the operational information included in this release. As a result, numerical figures and percentages shown as totals in some tables may not be exact arithmetic aggregations.
