global ports investments plc said friday that it swung to a pretax loss for the first half of 2022 after booking higher costs and that the market outlook in the baltic basin remained well below 2021 the russiafocused uklisted port operator said that the outlook for 2022 remained uncertain the company said the russian container market in the baltic basin and its terminals in the region experienced a severe decline in containers cars and roll onroll off throughput due to effect of the war in ukraine the company said container throughput remained more persistent in east asia and at its vostochnaya stevedoring co terminal but that it had been hurt by chinas pandemicrelated restrictions and the termination of vessel calls by several container shipping lines gpi said that despite the decline in volumes its market share increased in both basins where it was present the company added that there were no signs of recovery in the cars and highandheavy roll onroll off business despite decline in volumes the market share of the group increased in both basins of presence the company said the company said that pretax loss was 4238 million compared with a pretax profit of 619 million for the first half of 2021 revenue rose to 2716 million from 2298 million in the yearprior period