Black Sea Container Market Review 2015

konteineri-cherno-more1-minBlack Sea container terminals of Ukraine, Romania, Russia, and Bulgaria handled 2 294 848 TEU in 2015, including empty containers, excluding transshipment.

This review observes only full containers of the region – 1 628 797 TEU. Total drop suffered by these five countries in 2015 was 12,18%, compared to the same period last year.
In 2015 general decrease in laden containers was 12,18%

The laden turnover increase was in Bulgaria and Romania. In 2015 Ukraine, Russia and Georgia suffered 26,10%, 13,00% and 13,24% drop of laden container turnover respectively.

During this period, 52,66% of full containers handled were imported, with 47,34% of the volume being exported. It is estimated that laden containers share was 70,98% and empty containers share was 29,02%.

Export volumes from the aforementioned countries increased by 0,22% compared to 2014. The highest export volume drop was shown by Ukraine – 14,94%. In Georgia, Bulgaria, Russia and Romania there was an increase, moreover Georgia increased its export volume by 18,99%. Imports to the region decreased by 20,97%, mainly because of Ukrainian import volume drop of 36,54%. Import volumes for the period decreased in all countries of the region except Romania (+2,43%).

Ukraine had a record in decrease of laden import volume –36,54%
Thus the percentage of laden volume handled by each country in 2015 distributed as follows: Romania – 26,17%, Russia (Black Sea) – 25,41%, Ukraine – 25,06%, Georgia – 13,63%, Bulgaria – 9,73%.

The top-five container terminals of the region in 2015 changed their positions in total volume handled: DPW (Constanta, Romania) still was on the first place, APMT Poti (Georgia) still was on the second place, NLE (Novorossyisk, Russia) moved from the third to the fourth place, HPC Ukraine (Odessa, Ukraine) moved from the fifth to the third position and NUTEP (Novorossiysk, Russia) moved from the fourth to the fifth place. All of these terminals except DPW (Constanta, Romania) suffered volume drop in 2015 compared to 2014.
Black Sea Container Terminals shares by total turnover, 2015

As for the leading carriers of the region, there was a new leader – MAERSK overcame MSC, while ARKAS overcame ZIM and became fourth largest carrier of the region. TOP-5 carriers of the region were: MAERSK, MSC, CMA CGM, ARKAS and ZIM. These carriers controlled 74,10% of this market.

Since the middle of 2014 the service of former G6 was re-built (Hapag Lloyd, OOCL, MOL, NYK, HMM, APL). Thus, OOCL moved to ABX service (ZIM) and G6 alliance became G5. In 2014 G5 members controlled 6,21% of total laden container market share, but in 2015 G5 members controlled only 5,81% of the market. At the same time in 2014 OOCL had 2,18% of market share, but in 2015 its share decreased by 0,26 p.p. and stated 1,92%. In 2015 ABX service was terminated.

In Q1 2015 2M (Maersk and MSC) and Ocean Three (CMA CGM, CSCL, UASC) alliances started their activity in the Black Sea region. In 2014 total market share of Maersk and MSC was 45,28%, but in 2015 it grown by 1,41 p.p. to 46,69%. In 2014 total laden container market share of Ocean Three alliance members was 13,80%, but in 2015 it grown by 1,42 p.p. to 15,22%.

Also it has to be mentioned that in 2015 there were some structural changes of the Black Sea container market. For example, WHL and KLINE suspended their activity here, while CSAV merged with Hapag Lloyd that is why CSAV volume significantly decreased at this market. At the same time a new player had entered the Ukrainian container market – TURKON Line, which is a well-known player on the Mediterranean – North American trade. Entering this market on a slot agreement basis with Admiral Container Line, TURKON Line will try to find an opportunity to grow business based on the growth of Ukraine – USA trade.

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