New Market Report: Russia Shipping Report Q1 2015

From: Fast Market Research, Inc.
Published: Mon Jan 26 2015

Russia's two bellwethers, the port of St Petersburg, the country's main box facility, and the port of Novorossiysk, one of Russia's largest ports in terms of total throughout, are set to hold their respective positions in Russia's maritime sector in 2015. Despite the recent depreciation of the rouble, we expect Russia's consumer story to remain attractive over the medium-term, helping container throughput growth at the country's ports. Economic growth continues to slow in 2015 as the main driver of growth over the past decade - household consumption - continues to weaken.

St Petersburg's growth in tonnage is expected to almost disappear and containers volumes to continue contracting in 2015, while Novorossiysk is forecast to post growth in tonnage similar to the one of St Petersburg box.

Over the medium-term we project further growth at the port of St Petersburg both in terms of tonnage and box throughput and growth in container throughput at the port of Novorossiysk.

Headline Industry Data

Full Report Details at

* 2015 port of St Petersburg tonnage throughput forecast to grow 1.0% and over the medium-term (2015-2019), we project an annual average 1.7% increase.
* 2015 port of St Petersburg container throughput forecast to decrease by 2.0% and over the medium term we project an annual average 2.0% increase.
* 2015 total trade growth forecast at 3.0%.

Key Industry Trends

Uptick In Cargo Tonnage At Vostochny: Cargo tonnage at the port Vostochny will continue to expand in 2015, on the back of robust growth in Russia's coal exports via the Far Eastern port. BMI forecasts cargo tonnage to increase in 2015 to 22.7mn tonnes, based on an upward revision to our estimates for 2014.

Russia's Role In China's Export Supply Chains To Increase : Russia-China cooperation on the expansion of the Russian port in Zarubino will see Russia play a larger role in China's logistics sector. The expansion will shorten transit times for exports from the corn-rich Jilin region close to the border port and...

The Russia Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Russia.

BMI's Russia Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Russia.

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