The main operator of Poti Port is the Danish APM Terminals, which is a member of the Maersk Group. The company generated revenue of GEL 195 million in 2020.
In addition to APM Terminals, there are other companies operating on the port area and the largest one is Pace Group, which holds part of the berths with a long-term lease.
According to the financial report, in 2020 Pace Group generated revenue of GEL 96.7 million. The company had a net profit of GEL 15.9 million last year, while GEL 16.7 million - in 2019.
Pace Group manages other transportation service companies as well. The company is mainly engaged in cargo shipment of Central Asia. According to the financial report, in 2020 its revenue increased by 23.2% to GEL 96.7 million.
The company is building a new terminal in the Poti Port area with an investment of USD 93 million, of which USD 50 million will be financed by the US Private Foreign Investment Corporation (DFC).
The new berth is being built on the area of 27 hectares and its length is 260 meters, while the water depth is 13 meters. The new terminal will be able to accommodate ships with a length of 215 meters and with a capacity of 50,000 tons.
The assets of Pace Group amounts to GEL 185 million. The main owners are businessmen Irakli Kervalishvili (38%); Laura Larion (38%); Teimuraz Kervalishvili (10%) Irakli Tateishvili (10%) and Tamaz Kapanadze (4%).
