Thursday, 31 October 2013

Russia Shipping Report Q4 2013

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Russia Shipping Report Q4 2013
Oct 30th 2013, 00:00

Price: $ 1295  

Russia's two bellwethers, the port of Novorossiysk, the country's largest port in terms of total throughout, and the port of St Petersburg, Russia's main box facility, are set to hold their respective top positions in Russia's maritime sector in 2013. While we expect Russia's consumer story to remain attractive over the next few years, helping container throughput growth at the country's ports, economic growth will be lacklustre as a result of too much government intervention in key sectors - energy, infrastructure and banking - and volatile global oil prices. Novorossiysk's growth in terms of containers is also being helped by the 2014 Sochi Winter Olympics. St Petersburg, having fully recovered its total throughput in 2011, is expected to post another year of negative growth in tonnage, wh ...

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