Russian firms agree on increased fertiliser transshipments through Baltic Sea ports

Russian stevedoring company Global Ports and fertiliser manufacturer PhosAgro have entered into an agreement on increasing the volume of fertiliser transshipments through Global Ports' terminals at the ports of Saint Petersburg and Ust-Luga on Russia's Baltic Sea coast.

Under the agreement, the two companies will work towards increasing fertiliser transshipments through the two ports from the current level of three to four million tons per year to five million tons per year.

"To create additional opportunities for efficient transshipment of fertiliser, we adapted the container capacities of our terminals in the Baltic basin, built additional infrastructure, and formed our own fleet of specialised containers," said Albert Likholet, CEO of Global Ports.

Global Ports and PhosAgro have been collaborating regularly since 2019, when the two companies formally agreed to the transshipment of fertiliser using specialised containers through Global Ports' Petrolesport terminal in Saint Petersburg.

In 2023, the companies signed a five-year contract for the transshipment of at least three million tons of fertiliser per year.