Russian container imports keep growing: +17.3% in 1H 2017

Russian container ports volume
Vladivostok Sea Commercial Port. Source: FESCO

Russia’s container ports demonstrate strong growth in 2017. From January through to June 2017 they handled 2.26 mln TEU, surpassing the data of the same period in 2016 by 15,3%, informs TASS news agency quoting the Association of Russian sea commercial ports.

Both import and export volumes continue the upward trend of the first quarter: imports up 17.3% to 971.57 th. TEU and exports up 15.4% to 952.1 th. TEU. However, it is interesting to note that full export boxes have slowed down their pace: +8,7% (577.3 th. TEU), whereas in Q1 2017 the growth rate was 13.6%. At the same time, evacuation of empty boxes increased: +26.1% (374.8 th. TEU), while in the first quarter the growth rate of empty exports was just 10%. Whether it signals of a slowdown in containerisation of exported materials or it is just a seasonal correction, we will be able to conclude at a later stage of the year.

Local cabotage volumes were 311.88 th. TEU (+10.5%). Transit volumes grew by 12.8% to some 27 th. TEU, which is still far below of the volumes of the pre-crisis year 2014 (52 th. TEU).

The growth has been observed in all Russian port regions, with the Far Eastern ports demonstrating the highest increase: +26.4%, up to 683.57 th. TEU, which was largely achieved through a surge in imports: +44.6% (210.7 th. TEU). Vladivostok, now the largest container port in the Russian Far East and #3 nationwide, handled 381 430 TEU showing the largest growth rate among all Russian ports: +34%.

The Black Sea ports grew by 17.3% handling 402.57 th. TEU, which was mostly the volume of Novorossiysk (395 110 TEU, +17.6%), the 2nd largest container port in Russia.

The Baltic ports, which are Russia’s largest in terms of container throughput, handled 1.1 mln TEU (+9.5%), making up 49% of the country’s total container volumes. The growth here was also, like in the Far East, achieved due to a 10% rise in imports (565.7 th. TEU). The port of St. Petersburg handled 953 910 TEU (+7.7%) and confirmed its status of Russian container hub #1.

The TOP 10 Russian stevedoring companies handled 1.64 mln TEU or 72.5% of the total Russia’s container throughput. This TOP 10 ranking is headed by Container Terminal Saint-Petersburg (CTSP, part of UCL Holding), which handled 319 020 TEU and registered a 10.7% y-o-y growth in January-June 2017 accounting for 14.1% of the total country’s box volume. The remaining stevedores’ results can be seen in the table below.

TOP 10 Russian container stevedores

Ranking by throughput in 1H 2017
Stevedoring companyOwnerThroughput, TEU% Change
TOTAL TOP 101 639 450+14.8%
Container Terminal St-PetersburgUCL Holding319 010+10.7%
First Container Terminal (St.Petersburg)Global Ports263 810+5.2%
Vladivostok Sea Commercial PortSumma Group212 230+43.2%
Vostochnaya Stevedoring CompanyGlobal Ports174 350+22.8%
NUTEP (Novorossiysk)Delo Ports165 640+28.6%
Novoroslesexport (Novorossiysk)Summa Group130 550-5.4%
Petrolesport (St.Petersburg)Global Ports113 700-21.3%
Novorossiysk Sea Commercial PortSumma Group98 990+43.7%
Moby Dik (Kronshtadt)Global Ports82 640+13.7%
Baltic Stevedoring Company (Kaliningrad)Summa Group78 520+73.1%

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