Independent journal on economy and transport policy
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The pandemic is having a strong negative impact on global ports holding's port business
Last year cruise traffic in the group's terminals fell by -76%
March 12, 2021
Last year, the group's cruise terminals moved traffic of only 1.3 million passengers, with a contraction of -76% compared to 2019, the volume of traffic that was achieved essentially in the first quarter when the governments had not initiated measures to limit mobility necessary to contain the pandemic.
In the fourth quarter of 2020 alone, the port division revenues of 375.9 million Turkish liras, with a decrease of -33% on the corresponding period of the previous year, and consolidated adjusted EBITDA of 14.1 million (-85%).
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Last year, the group's cruise terminals moved traffic of only 1.3 million passengers, with a contraction of -76% compared to 2019, the volume of traffic that was achieved essentially in the first quarter when the governments had not initiated measures to limit mobility necessary to contain the pandemic.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
