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Russia’s seaports: growth rate down

During the first ten months of 2018, ports in Russia including those in (annexed) Crimea, increased their aggregate cargo handling volume by 4% year-on-year to 675.3 Mt

 

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Russia’s seaports: growth rate down

The figures, supplied by Russia’s Federal Agency for Maritime and River Transport (Rosmorrechflot), are made up of 325.16 Mt (up 6% y/y) of dry cargo and 311.46 Mt (up 1.1% y/y) of liquid cargoes, up 6% and 1.1% respectively. 4% is a slower growth rate than in recent years.

 

Almost one third of aggregate cargo was handled via the country’s Black Sea (including Sea of Azov) ports and President Putin has declared the region to be the top priority for port and rail infarastructure development.

 

The country’s Baltic ports accounted for the second largest volume over the 10 month period, 203.79 Mt. However, it proved to be the only region with a negative year-on-year dynamic, down 0.8%, due to a fall in oil exports. The region is characterised by a substantial container handling capacity surplus: around 13% at the Big Port of Saint Petersburg (including Bronka) and 9.5% at Ust-Luga.

 

Russia’s Pacific ports increased their handling volume over the January-October period by 3.9% y/y to 167.14 Mt, including 105.39 Mt (up 6.6% y/y) of dry cargo and 61.76 Mt (down 0.2% y/y) of liquid cargoes. It is estimated that by 2020 aggregate capacity will be 70 Mtpa short of requirements, including 66.5 Mtpa of bulk cargoes. The shortfall should be alleviated by planned expansion of the Vostochny coal terminal.

 

Throughput at Arctic ports increased 17.2% to 71.2 Mt. The focal points of development are the new Lavna port near Murmansk and expansion of deep water facilities at Arkhangelsk.

 

After many years of decline, traffic at the Caspian Sea ports grew by almost 27% y/y to 3.95 Mt.

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