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Container Market in Turmoil

9 September 2014, 10:00 / SeaNews / Rating: 4685

                         

In H1 2014 the three market leaders operating in St. Petersburg, Maersk, MSC and CMA CGM, increased container traffic via the port. The rest of the lines demonstrate diverse trends, from upsurge to decline. Market shares of many lines have changed, and one of the reasons for this is the newcomers, who gained a portion of cargo traffic commensurable to the share of Evergreen.

Competition is getting tougher, and not only between lines, but also between ports. Thus, container trade with Russia via Hamburg in H1 2014 dropped 3.8% down to 330,000 TEU. Rotterdam, on the contrary, recorded growth in short sea volumes with Russia.

The H1 figures for the St. Petersburg container terminals are in line with the general trend in the Russia – EU trade, as the volumes were down 10% even before the Russian embargo.

Detailed information and statistics for the Russian and neighbouring countries’ container terminals in 2013 and H1 2014 are available in the new Russian Container Market yearbook by SeaNews. The general sponsor of the research is Global Ports.

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