Black Sea container market review 9M 2019

Black Sea container terminals of Ukraine, Romania, Russia, and Bulgaria handled 2 406 295 TEU in 9m 2019, including empty containers, excluding transshipment.
This review observes only full containers of the region – 1 782 278 TEU. Total growth achieved by these five countries for the period was 11,23% compared to the same period last year.
 
The laden container turnover has grown in all countries of the Black Sea region except Russia. In 9m 2019 largest increases were achieved by Georgia, Ukraine and Bulgaria – 36,34%, 19,39% and 11,34% respectively.
 
During this period, 58,00% of full containers handled were imported, with 42,00% of the volume being exported. It is estimated that laden containers share was 74,07% and empty containers share was 25,93%.
 
Import volumes to the aforementioned countries increased by 13,85% compared to 9m 2018. The highest import volume increase was shown by Georgia and Ukraine – 40,35% and 19,88% respectively. In Bulgaria and Romania there was an increase of 15,78% and 5,15% respectively. Exports from the region increased by 7,81%, mainly because of Ukrainian and Georgian export volume growth of 18,83% and 10,11%. There was an increase of laden export volume in all countries of the region except Romania, it has suffered volume drop of 1,68%.
 
Thus the percentage of laden volume handled by each country in 9m 2018 distributed as follows: Ukraine – 32,59%, Russia (Black Sea) – 23,29%, Romania – 20,87%, Georgia – 14,57%, Bulgaria – 8,68%.
 
The top-five container terminals of the region in 9m 2019 changed their positions in total volumes handled: DPW (Constanta, Romania), APMT Poti (Georgia) have secured TOP-2 positions, while NUTEP (Novorossiysk, Russia) and CTO (Odessa, Ukraine) switched their positions and CTO became third largest terminal of the region. At the same time, BKP (Odessa, Ukraine) was fifth largest terminal at the Black Sea. All of these terminals except BKP (2,04% decrease) achieved volume growth in 9m 2019 compared to 9m 2018.
 
As for the leading carriers of the region, MAERSK still was a leader; while COSCOCS overcame ARKAS, ZIM and CMA CGM and became third largest carrier of the region. TOP-5 carriers of the region were MAERSK, MSC, COSCOCS, CMA CGM and ZIM. In total, these carriers controlled 71,59% of this market.
 
In 9m 2018 the total market share of Maersk and MSC was 43,35%, but in 9m 2019 it has increased by 2,31 p.p. to 45,66%. At the same time, the total share of CMA CGM and COSCOCS was 19,30% in 9m 2018, while in 9m 2019 it has decreased by 1,27 p.p. and stated 18,03%. It is also worth to note that in 9m 2019 against 9m 2018 CMA CGM has decreased its share by 1,16 p.p., while COSCOCS has decreased by 0,12 p.p. and it has allowed COSCOCS to remain the third largest carrier in the Black Sea region. ZIM has decreased its share by 1,17 p.p., from 9,07% in 9m 2018 to 7,90% in 9m 2019, while ARKAS has decreased by 2,06 p.p. and it has allowed ZIM to become TOP-5 carrier of the region. The united Japanese carrier ONE became 10th biggest carrier of the region in 9m 2019, its share stated 2,16%. The highest market share growth in 9m 2019 against 9m 2018 was achieved by Maersk – 2,02 p.p. (24,53% share).