Russia’s Container Market Grew 13% In Q1 2024

The Russian container market grew 13% in the first quarter of 2024 compared to the same period last year, to 1.608 million twenty-foot equivalent units (TEU), Russia’s FESCO transport group has said. The figures are indicative of expanding import-export trade. 

Imports increased 10% to 706,000 TEU, and exports were up 13% to 436,000 TEU. Domestic shipping increased 19% to 318,000 TEU, and transit rose 18%, to 148,000 TEU, FESCO’s analysts said.

The market grew 13.3% in March 2024 YoY to 557,000 TEU. “The driver of growth relative to the same month last year continues to be transportation through the port of St. Petersburg,” the company said.

Russia’s container market consists of foreign trade and transit container turnover at the country’s ports, foreign trade and transit container turnover via land crossings on the Russian Railways network, domestic transportation of containers via Russian Railways and cabotage transportation.

FESCO owns assets in Russia’s port, railway and integrated logistics businesses, and owns the Commercial Port of Vladivostok, the intermodal operator FESCO Integrated Transport, the Dalreftrans operator of refrigerated containers, as well as the Transgarant and FESCO Trans companies. The group operates terminal complexes in Novosibirsk, Khabarovsk, Tomsk, and Vladivostok, and manages a container fleet of more than 170,000 TEU, including over 11,000 fitting platform railcars. The group’s fleet includes 37 vessels, which operate primarily on the company’s own shipping lines.

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