Its EBITDA went down 31.3% to $68.3m while revenue fell to $513.1m from $557.6m.

The Russian owner said it also struggled due to decreased rates.

Its container throughput increased by 8.4% year-on-year and the shipping division demonstrated 16% revenue growth at $33.3m.

The shipping segment’s positive EBITDA of $2.9m compared to a negative $3.9m in the corresponding period.

During the first half, it spent $8m in order to acquire an inland container terminal in Novosibirsk.