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            june 17, 2019

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Indiaexportnews.com

Russia's quarterly TransContainer up 16.4pc

  28.01.2019    

Russia's TransContainer says its positive fourth quarter and full-year 2018 operating results were mainly driven by the ongoing growth of Russia's container shipping sector.
TransContainer, with 43 per cent of the intermodal market, has the biggest flatcar fleet and rail-side container terminal throughput.
Russia's container volumes grew in the fourth quarter by 16.4 per cent year on year to 1.224 million TEU, mainly driven by a 24.3 per cent year-on-year increase in international volumes, while domestic transportation rose seven per cent in the reporting quarter and 5.1 per cent in 2018, reported Saint Petersburg's PortNews.
In 2018 the nation's containerised rail freight market expanded by 14.4 per cent to 4.44 million TEU. The primary contributors were transshipments and import cargo which grew by 35 per cent and 22 per cent, respectively.
In the fourth quarter container volumes rose by 8.9 per cent year on year to 501,000 TEU due to 20.3 per cent growth in international volumes, with import and transit segments soaring by 23.4 per cent and 47.1 per cent, respectively.
Last quarter domestic volumes fell due to a fleet reallocation in favour of fast-growing international routes amid a shortage of flatcars, as well as the optimisation of empty runs.
The company's transported in Russia 419,000 TEU in the fourth quarter, up 13.8 per cent. For 2018 container volumes rose by 6.1 per cent to 1.886 million TEU owing to a 14.3 per cent increase in demand for international transportation.
In 2018 container transportation volumes in Russia amounted to 1.544 million TEU, up 8.4 per cent on the back of the optimisation of the empty runs.
In the fourth quarter, the company's throughput in the Russian rail container terminal network decreased by 0.7 per cent to 331,000 TEU, compared to 333,000 TEU for the same period of 2017. In 2018 the company's container terminal throughput declined 1.1 per cent to 1.279 million TEU, down from 1.294 million TEU for 2017.
The company's attributed its lower-than-market container terminal throughput to fast-growing transit volumes, ongoing cargo growth sent to and from the producers' own freight yards. A number of terminals in Moscow were also closed in accordance with the Moscow government's decision.
TransContainer owns and leases 25,903 flatcars, 67,852 ISO containers; and owns a network of rail-side container terminals located at 40 railway stations across Russia.



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