Cargo analytical and consulting firm Informall BG has studied a key Russian container port on the Black Sea to identify the influence of the ongoing war in Ukraine. The results suggest that Russian container traffic has declined, but not by much. Some carriers are increasing their market share.
Total Russian container volume on the Black Sea in the first half of 2022 has shrunk by 7.7 percent year-on-year, while laden volume has dropped by 11.1 percent. Certain global shipping lines have been rapidly decreasing their activities since March 2022 in response to the Russian invasion of Ukraine. Some global shipping companies (like Maersk) made a decision to exit the Russian container market, suspending bookings fully or restricting activity to certain categories of goods.
Along with global carrier MSC, other carriers present in the Black Sea region have benefited from the decreased activities of global shipping lines such as Maersk, ZIM, COSCO, Evergreen, ONE, Yang Ming and OOCL.
Source: maritime-executive.com
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