Ocean X: China post-CNY – less cloud, more balloon; Mærsk's moves; a tough Q4
Things are looking up, in China at least
There are few port operators around the world that specialise in a particular geographic niche and yet can feel as strategically secure as Russia’s Global Ports (Ticker: GLPR).
Its latest annual report, out last month, showed a company with a decent trajectory on most levels – revenues were up 6.5% to US$361.9m and operating profit rose 10% to $144.8m, while container volumes during 2019 grew 6.5% to 1.44m teu, which was above the market growth and led Drewry Maritime Financial Research ...
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