Black Sea container market review 2019

Black Sea container terminals of Ukraine, Russia, Romania, Georgia and Bulgaria handled 3 311 529 TEU in 2019, including empty containers, excluding transshipment.
This review observes only full containers of the region – 2 442 901 TEU. Total growth achieved by these five countries for the period was 11,64% compared to the same period last year.
 
The laden container turnover has grown in all countries of the Black Sea region. In 2019 largest increases were achieved by Georgia, Ukraine and Bulgaria – 38,12%, 16,93% and 11,86% respectively.
 
During this period, 57,99% of full containers handled were imported, with 42,01% of the volume being exported. It is estimated that laden containers share was 73,77% and empty containers share was 26,23%.
 
Import volumes to the aforementioned countries increased by 14,34% compared to 2018. The highest import volume increase was shown by Georgia and Ukraine – 41,36% and 18,55% respectively. In Bulgaria and Romania there was an increase of 16,74% and 3,26% respectively. Exports from the region increased by 8,12%, mainly because of Georgian and Ukrainian export volume growth of 16,13% and 15,16%. There was an increase of laden export volume in all countries of the region except Romania, it has suffered volume drop of 1,19%.
 
Thus the percentage of laden volume handled by each country in 2019 distributed as follows: Ukraine – 33,08%, Russia (Black Sea) – 23,56%, Romania – 19,89%, Georgia – 14,88%, Bulgaria – 8,58%.
 
The top-five container terminals of the region in 2019 secured their positions in total volumes handled: DPW (Constanta, Romania), APMT Poti (Georgia), CTO (Odessa, Ukraine), NUTEP (Novorossiysk, Russia) and BKP (Odessa, Ukraine) were the largest terminals at the Black Sea. All of these terminals except BKP (1,04% decrease) achieved volume growth in 2019 compared to 2018.
 
As for the leading carriers of the region, MAERSK still was a leader; while CMA CGM overcame ARKAS and ZIM and became fourth largest carrier of the region. TOP-5 carriers of the region were MAERSK, MSC, COSCOCS, CMA CGM and ZIM. In total, these carriers controlled 72,02% of this market.
 
In 2018 the total market share of Maersk and MSC was 43,22%, but in 2019 it has increased by 2,70 p.p. to 45,92%. At the same time, the total share of CMA CGM and COSCOCS was 19,03% in 2018, while in 2019 it has decreased by 0,77 p.p. and stated 18,26%. It is also worth to note that in 2019 against 2018 CMA CGM has decreased its share by 0,70 p.p., while COSCOCS has decreased by 0,07 p.p. and it has allowed COSCOCS to remain the third largest carrier in the Black Sea region. ZIM has decreased its share by 1,24 p.p., from 9,09% in 2018 to 7,84% in 2019, while ARKAS has decreased by 1,95 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 2019, its share stated 2,12%. The highest market share growth in 2019 against 2018 was achieved by Maersk – 2,76 p.p. (24,41% share).