Petrolesport will start servicing the new MAS service from China and Malaysia

AK&M 07 April 2023 19:02

The multifunctional marine terminal "Petrolesport" of the Global Ports Group will begin servicing a new direct container service that will connect the ports of China, Malaysia and the Large Port of St. Petersburg. The operator is the international sea carrier Mountain Air Shipping (MAS). This is stated in the message of Global Ports.

As part of a joint service with Safetrans and OVP Shipping, MAS will ensure regular delivery of imports to Russia and export shipments of products from Russian manufacturers through the Baltic Basin.

The first ship left China on April 6, 2023. The average travel time will be 37 days. The route will be served by six vessels. It is planned that ship calls to Petrolesport will be carried out twice a month.

The cargo agent of the service is Novo Orient Agency LLC, a subsidiary of Ruscon LLC.

Mountain Air Shipping is an international shipping container company headquartered in Dubai, UAE.

Novo Orient Agency is a cargo agent of Mountain Air Shipping in the ports of Novorossiysk and St. Petersburg. It is part of the Ruskon Group. RUSKON is a transport and logistics company specializing in the organization of cargo transportation in containers. It is part of the Delo Group of companies.

Petrolesport is one of the largest sea container terminals in St. Petersburg by capacity and the largest multifunctional terminal complex in Russia, which includes, in addition to container, also automobile, ro–ro terminals, bulk and general cargo terminals. Petrolesport is part of the Global Ports Group of companies.

Global Ports Investments PLC is an operator of container terminals. Global Ports terminals are located in the Baltic and Far Eastern basins. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal and Moby Dick in the Baltic, Vostochnaya Stevedoring Company in the Far East) and two container terminals in Finland (Multi-Link terminals in Helsinki and Kotka). Global Ports also owns an internal container terminal "Yanino Logistics Park" near St. Petersburg.

The main shareholder of Global Ports is the Delo Group of Companies (61.5%), 20.5% of Global Ports shares are traded in the form of global depositary receipts listed on the Main Market of the London Stock Exchange (ticker on LSE: GLPR).

Global Ports' revenue in the first half of 2022 amounted to $271.6 million, adjusted EBITDA – $145.6 million. The consolidated container turnover of the group's marine terminals in 2022 amounted to 992 thousand TEU.