By Anthony O. Goriainoff

International Ports Investments PLC mentioned Thursday that it skilled a extreme decline in containers, vehicles and roll on-roll off throughput within the second quarter attributable to geopolitical tensions, and that the market outlook for 2022 within the Baltic basin remained effectively under 2021.

The Russia-focused, U.Ok.-listed port operator mentioned it additionally noticed a major discount of vessel calls of key transport strains to Russian ports within the Baltic Sea. Container throughput in East Asia and at its Vostochnaya Stevedoring Co. terminal–which is positioned on Russia’s Pacific coast at Vostochny–, though damage by China’s Covid-19 restrictions, remained extra persistent.
The corporate mentioned that consolidated marine container throughput for the second quarter fell to 248,000 TEUs from 418,000 TEUs within the year-prior interval. For the primary half it fell 23% to 611,000 TEUs.
A TEU, or 20-foot equal unit, is used world-wide because the uniform measure of container capability.
“Within the Baltic area the group is concentrating on the utilization of its terminals with non-containerized cargo in addition to on value administration initiatives whereas key focus at VSC is on operational effectivity on the again of rising demand on logistics chains through Far East,” the corporate mentioned.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com