• 2018 May 18

    Review of Black Sea container market in QI’2018

    In the first quarter of 2018, Black Sea container terminals of Romania, Ukraine, Russia, Georgia and Bulgaria handled 732,948 TEUs including empty containers and excluding transshipment. 

    The review contributed to IAA PortNews by Informall BG covers only loaded containers – 532,336 TEUs which is up 14.42% as compared with the first quarter of 2017.

    In QI’2018, turnover of loaded containers in the region grew by 14.42%

    Container throughput of Black Sea region in the first quarter of 2018 - first quarter of 2017, TEU loaded 

    The growth of container throughput was shown by all countries of the Black Sea region with the highest growth registered in Russia and Ukraine –21.91% and 20.40%  accordingly.







    Handling of loaded containers per country, TEU




























    Imports account for 58.35% of containers handled in the region in the first quarter of 2018, exports – 41.65%. Loaded/empty containers ratio in the region is 72.63% / 27.37%.

    Imports account for 58.35% of containers handled in the Black Sea region

    As compared with QI’17, exports of loaded containers in the Black Sea region climbed by 3.08%. Ukraine showed the steepest growth - 13.86%. The growth was demonstrated by all countries except for Romania and Georgia: in Russia and Bulgaria it was 8.11% and 3.35% accordingly. As for imports into the region, it grew by 24.20 mostly due to increased imports to Russia (+30.33%). Ukraine, Romania and Bulgaria showed the following growth of imports – 26.90%, 21.74% and 17.84% accordingly, Georgia – 14.03%. 

    Russia showed record high growth of imports – 30.33%

    Handling of loaded containers in the reported period per country is as follows: Russia – 29.51%, Ukraine – 29.45%, Romania – 21.61%, Georgia – 10.81%, Bulgaria – 8.63%.

    Shares of Black Sea countries in total volume of loaded containers

    In the first quarter of 2018, the list of top five container terminals remained the same with DPW (Constanta) having retained its leading position, NUTEP (Russia) having strengthened its second position, APMT Poti (Georgia) and HPC Ukraine (Odessa) having shown similar growth to remain at their 3rd position and 4th positions, Novoroslesexport (Russia) having stayed among the top five. All the top five terminals of the region demonstrated the growth of container throughput.




    Shares of Black Sea terminals in the first quarter of 2018 

    As for operators of Black Sea lines, the list of leaders has changed. It includes Maersk Line, MSC, ARKAS, COSCO and CMA CGM with COSCO having pushed CMA CGM down from the 4th to the 5th position and Maersk Line having retained its leadership.  The above lines control 72.98% of the market

    MAERSK, MSC, ARKAS, COSCO and CMA CGM control 72.98% of the market







    Shares of Black Sea lines in the first quarter of 2018 

    In Q1’17 the total market share of Maersk and MSC was 44.97%, but in Q1’18 it decreased by 3.10 p.p. to 41.87%. The total share of CMA CGM and COSCO was 17.61% in Q1’17 while in Q1’18 it increased by 2.32 p.p. to 19.93%. It is also worth to note that in Q1’18 against Q1’17 CMA CGM gained 0.07 p.p. of market share, while COSCO increased its share by 2.25 p.p. and it allowed COSCO become the fourth largest carrier in the Black Sea region. UASC merged into Hapag Lloyd. NMM suspended its activity in the region.