Global Ports Investments plc

Description

Global Ports Investments plc is a leading container terminal operator in the Russian market. Within its two key marine container gateways, a distinctive network of seven marine container and multipurpose terminals are owned and operated by the company. In addition to the main business of the group, which is container handling, it handles several other types of cargo, including bulk, cars and other types of roll-on roll-off cargo as well. The company was founded in the year 2008, and its headquarters are situated in Cyprus. It is listed and traded on the London Stock Exchange since 2011. The subsidiaries of the company include First Container Terminal Incorporated, Vostochnaya Stevedoring Company LLC, NCC Group Limited, and Global Ports (Finance) PLC.

With a workforce of 2800 people, the group has become an unchallenged leader in terms of container throughput and capacity across the Russian market. Its 7 marine containers and multipurpose terminals are situated in Russia and Finland, covering 2 major sea basins (including Joint Ventures). It operates in around 323 hectares of land along with 5 km of quay wall in key sea basins. The focus of the company is on value creation by providing its clients with high quality logistics services and creating seamless transit logistics chains. Apart from offering services like cargo storage and handling of containerised, it offers additional services, such as dispatch of container trains, customs inspection, depot of empty containers, container repair, cargo documentation, tracking of cargo, stuffing and. Its terminals include First Container Terminal, Petrolesport, Vostochnaya Stevedoring Company, Yanino Logistics Park, Ust-Luga Container Terminal, MOBY DIK, and Finnish Terminals.

Global Ports Investments plc follows a well-defined system of corporate governance and complies with the rules and regulations for good governance, but it doesn’t align itself with the UK Corporate Governance Code. Instead, it aligns its operations with the globally recognised best practices customary to the public companies having GDRs with standard listing and admitted to trading at LSE. The board of the company has set up separate committees for audit & risk, remuneration & nomination, and strategy. It has an ethical code of conduct for running its business operations and promotes a culture of trust, transparency, and accountability. Apart from fulfilling all its corporate responsibilities, the company also fulfils its environmental and social responsibilities. It has a comprehensive Corporate Social Responsibility (CSR) framework in place and complies with international best practices and guidelines to create a sustainable business. It aims to minimise the impact of its business activities on the environment and create long-term value for the business as well as all its stakeholders, including its employees, shareholders, management, other stakeholders, and the wider community.