Global Ports and Chinese line Newnew Shipping to develop container transportation via VSC terminal
The parties also look into involvement of Ust-Luga Container Terminal and Petrolesport
Global Ports, operator of container terminals (part of Delo Group) and Chinese line Hainan Yangpu Newnew Shipping Co, in partnership with cargo agent Torgmoll, have signed a memorandum of cooperation at the Eastern Economic Forum (EEF) in Vladivostok. The parties have agreed to join hands in development of container transportation between the ports of Russia, Asia Pacific Region and the Middle East involving the terminals of Global Ports: Vostochnaya Stevedoring Company (VSC located Vostochny Port, Primorsky Territory) and First Container Terminal (FCT located in Great Port of Saint-Petersburg) for handling of export/import cargo flows, according to the press center of Global Ports.
The parties will also look into involvement of Ust-Luga Container Terminal (and asset of Global Ports located in the port of Ust-Luga) and Petrolesport (PLP located in Great Port of Saint-Petersburg) for organization of regular container services of NewNew Shipping Co.
From the beginning of 2023, international sea line Hainan Yangpu Newnew Shipping has been conducting regular container transportation between the terminals of Global Ports and Shanghai, Ningbo, Qingdao, Nansha (Guangzhou) and other ports of China. In summer 2023, the company became the first international line to deliver containerized cargo from Saint-Petersburg to China by the Northern Sea Route.
Global Ports is the leading operator of container terminals in the Russian market by capacity and container throughput. Global Ports’ terminals are located in the Baltic and Far East Basins, key regions for foreign Russian trade and transit cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal and Moby Dik in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland (Multi-Link Terminals in Helsinki and Kotka). Global Ports also owns inland container terminal Yanino Logistics Park located in the vicinity of St. Petersburg. In 2022, consolidated marine container throughput of Global Ports Investments PLC was 992 thousand TEUs, down 37.1%, year-on-year. Consolidated throughput of the Group rose by 13.7%, year-on-year, to 3.6 million tonnes.
Global Ports’ major shareholder is Delo Group, Russia’s largest transportation and logistics holding, operating its own fleet and managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. More information about Global Ports is available on the company’s website and its official Telegram channel.
