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The container market of Russia in the 1st half of the year decreased by 13.1%

According to the results of the first half of 2022, the container market in Russia decreased by 13.1% compared to the same period in 2021, to 2.776 million TEU, according to the FESCO transport group.

Import for 6 months decreased by 15%, to 1.022 million TEU, transit – by 19%, to 369 thousand TEU, export – by 17%, to 845 thousand TEU. Domestic transportation increased by 4% to 540,000 TEU.

Including in June 2022, the market decline was 31% compared to the same month last year, to 387 thousand TEU.

Import traffic decreased by 33% by June 2021, primarily due to the continued decline in traffic through the port of St. Petersburg. At the same time, imports through the Far East increased by 12% compared to May 2021. Export shipments decreased by 17%. The decline occurred in all directions, except for the Far East. Through the ports of the region, exports increased by 2% compared to May 2022, the report said.

Transit shipments in June this year decreased by 34%, while compared to May 2022, traffic increased by 2%, and on the Europe-Asia route – by 6%. Domestic transportation decreased by 14% compared to the same month last year.

The FESCO transport group is a major Russian port operator with a rail and logistics business as part of it. It manages a container fleet of 109 thousand TEU and about 9 thousand fitting platforms. The fleet consists of 21 vessels, they are mainly operated on their own shipping lines.

Source: FINMARKET.RU

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Oxford graduate with honors. He worked in large financial projects for well-known Wall Street corporations. After he earned his first capital and a reputation as a successful trader, he opened his own company. At the moment, the growth of the company's capital is 20% per year.
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