Black Sea container market review 9M 2018

Black Sea container terminals of Ukraine, Romania, Russia, and Bulgaria handled 2 150 289 TEU in 9m 2018, including empty containers, excluding transshipment.
This review observes only full containers of the region – 1 602 300 TEU. Total growth achieved by these five countries for the period was 10,21% compared to the same period last year.
The laden container turnover was in all countries of the Black Sea region. In 9m 2018 largest increases were achieved by Ukraine, Georgia and Russia – 18,31%, 11,73% and 8,04% respectively.
During this period, 56,67% of full containers handled were imported, with 43,33% of the volume being exported. It is estimated that laden containers share was 74,52% and empty containers share was 25,48%.
Import volumes to the aforementioned countries increased by 15,23% compared to 9m 2017. The highest import volume increase was shown by Ukraine and Romania – 22,46% and 19,72% respectively. In Georgia and Bulgaria there was an increase of 17,86% and 7,76% respectively. Exports from the region increased by 4,26%, mainly because of Ukrainian and Russian export volume growth of 14,0% and 10,31%. There was an increase of laden export volume in all countries of the region except Georgia and Romania, they have suffered volume drop of 16,61% and 6,18% respectively.
Thus the percentage of laden volume handled by each country in 9m 2018 distributed as follows: Ukraine – 30,36%, Russia (Black Sea) – 26,19%, Romania – 22,89%, Georgia – 11,89%, Bulgaria – 8,67%.
The top-five container terminals of the region in 9m 2018 changed their positions in total volumes handled: DPW (Constanta, Romania), APMT Poti (Georgia), NUTEP (Novorossiysk, Russia) and CTO (Odessa, Ukraine) secured their TOP-4 positions. At the same time, BKP (Odessa, Ukraine) moved to the fifth place for a first time in recent years, while NLE (Novorossyisk, Russia) moved to the sixth place. All of these terminals achieved volume growth in 9m 2018 compared to 9m 2017.
As for the leading carriers of the region, MAERSK still was a leader; while COSCOCS overcame ARKAS and CMA CGM and became third largest carrier of the region. TOP-5 carriers of the region were MAERSK, MSC, COSCOCS, ARKAS and CMA CGM. The difference of volume between COSCOCS and ARKAS was only 4 TEU. In total, these carriers controlled 72,58% of this market.
In 9m 2017 the total market share of Maersk and MSC was 45,31%, but in 9m 2018 it has decreased by 1,96 p.p. to 43,35%. At the same time, the total share of CMA CGM and COSCOCS was 18,19% in 9m 2017, while in 9m 2018 it has increased by 1,11 p.p. and stated 19,30%. It is also worth to note that in 9m 2018 against 9m 2017 CMA CGM has increased its share by 0,05 p.p. only, while COSCOCS has increased by 1,06 p.p. and it has allowed COSCOCS to become the third largest carrier in the Black Sea region. The united Japanese carrier ONE became 11th biggest carrier of the region in 9m 2018, its share stated 0,97%, but it is worth to note that in fact the carrier became active since April 2018 and its operational period was 6 months only. The market share growth of ONE is expected to grow in 2018 – 2019.