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TEUs, a faster growth pace than the 18.7% YoY increase reported for the Russian market, as a whole, for the month.
The Russian segment of Global Ports (FCT, Petrolesport, ULCT and VSC) saw total container turnover growth of 20.5% YoY to 142,400 TEUs in June. Exports were up 13.9% YoY to 67,500 TEUs and imports surged 27.4% YoY to 63,600 TEUs during the month. ULCT is the only GLPR terminal that saw a drop in TEU turnover (-50% YoY to 2,700 TEUs), while VSC (+34.1% YoY to 35,600 TEUs), Petrolesport (+23.9% YoY to 35,900 TEUs) and PCT (+16.3% YoY to 56,100 TEUs) and all saw increases in TEU turnover. GLPR’s total turnover for 1H21 was 1.9% YoY higher to 789,100. Global Ports started to outperform the market for the first time since November 2020.
Total turnover for Russian ports increased 18.7% YoY to 473,800 TEU in June, while exports were up 13% YoY to 190,800 TEU and imports surged 28.6% YoY to 202,700 TEU during the same month. Only the Artic basin saw a drop in container turnover in June, with a 38% YoY decline to 7,500 TEU. The rest of Russia's primary basins saw increases during the month, with the Baltic basin up 24.4% YoY to 216,380 TEU; the Azov-Black Sea basin up 18.8% YoY to 66,620 TEU; the Russian Far East basin up 16.9% YoY to 183,130 TEU; and the Caspian basin stable at 213 TEU. The Russian market also saw 7% YoY growth in TEU turnover in 1H21.
9.1.13 Other sector news
Russian President Vladimir Putin has signed a law that makes it easier for small and medium-sized enterprises (SMEs) to work in Russia’s
121 RUSSIA Country Report August 2021 www.intellinews.com