Russian Railways eyes stevedoring businesses

This development not only renews economic activity but also reflects a broader shift in the geopolitical landscape of the Black Sea region.

In February of this year alone, Russia’s container market rose by 23.5 per cent year-on-year to 533,000 TEU. The preceding month also saw growth.

While Ukraine has managed to expand throughput via its sea harbours to 75% of pre-war levels, further growth is hindered by reduced production volumes.

The first ship to use Ukraine’s newly-established humanitarian shipping corridor has left the blockaded Port of Odessa

Moscow has now nationalised Kaliningrad Commercial Seaport (KMTP). The Russian exclave’s Central District Court of Kaliningrad has upheld Russia’s Deputy Prosecutor General’s move to confiscate the 51.75% stake in KMTP controlled by local MP Andrey Kolesnik and his family. In addition, RUB369.24M (US$4M) in ‘illegal income’ will be returned to the state.

Estonia plans to nationalise and sell off assets owned by sanctions-hit Russian companies and will auction marine terminals in Muuga and Sillamäe.