By INFORMALL – Black Sea Container Market Review 12M 2017


Black Sea Container Market Review 12m 2017 // by Informall B.G.

 Black Sea terminals moved to the third place by total container turnover with 24,93% of market share, at the same time they lost 0,52 p.p. compared to 2015, while Ukraine had 27,65% and gained 5,02 p.p. of market share compared to 2015.

 In 2016 Ukraine achieved 30,99% growth of total container turnover (terminals of Kherson, Mariupol and Dnepropetrovsk are excluded) compared to 2015. The military conflict, started in 2014 in the eastern part of Ukraine was deescalated in 2015, but it is still active. Nevertheless, in 2016 an essential growth of total container turnover was achieved by Ukraine, indicating that its economy revives step by step.
Russia achieved growth of 5,03% at the Black Sea. Georgia suffered a significant volume decrease of 13,27% and lost 3,16 p.p. of market share.

In total, the Black Sea region reached 2 460 028 TEU in 2016 and increased by 7,20% compared to 2015.

In 2016 leading carriers at the Black Sea were MAERSK, MSC, CMA CGM, ARKAS and ZIM.

Black sea container market is represented by Ukraine, Romania, Bulgaria, Russia (Black Sea part) and Georgia. In 2016 it had a volume of 2 460 028 TEU. In 2015 Romania and Russia had a major share of the market – 26,64% and 25,45% respectively, while Ukraine had 22,63% share, Georgia – 16,55% and Bulgaria – 8,73.

All countries of the Black Sea region except Georgia achieved volume growth in 2016 compared to 2015. The highest growth was reached by Ukraine. Georgia suffered volume drop of 13,27%. The countries’ shares in the mentioned period were re-distributed as following:

Growth 2016 vs 2015 by countries 

The ratio of total containers handled in 2016 was 72,59% of full containers and 27,41% of empty containers. 2016 showed the following full containers distribution: import full – 51,37% and export full – 48,63%.

Full Containers distribution 2016 by countries, TEU

Bulgaria was the most balanced country in 2016. Georgia was a country with the highest inbound share in 2016 (imported 84,67% of full container volume).
Ukraine, Romania and Bulgaria have increased export over import.

Major carriers

In 2016 the leading carrier at the Black Sea container market was MAERSK, which achieved 11,91% growth of laden container volume, compared to 2015 and reached 432k TEU or 24,21% share at the Black Sea.

The second place was secured by MSC with 2,46% of laden volume drop in 2016 against 2015 and 2,53 p.p. drop of the Black Sea market share to 20,44% or 364k TEU. MSC suffered the largest market share drop of laden container volume at the Black Sea market in 2016.

CMA CGM was at the third place, it achieved 9,76% growth of laden container volume in 2016 compared to 2015 and reached a volume of 187k TEU or 10,47% share of the Black Sea market.

ARKAS was at the fourth place with a share of 10,16% or 181k TEU and ZIM was at the fifth place with 8,10% share or 144k TEU in 2016. Among TOP-5 carriers ARKAS achieved highest laden container volume growth of 23, 04%, while MSC was the only carrier which suffered laden container volume drop in 2016

Source: Infomall B.G.