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            october 19, 2019

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Busworld 2019

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Contaz integration improved Containerships market share


Containerships, the Finnish shipping line, has said that the integration of Turkish rival Contaz, which it acquired in March 2009, has given it much improved balance of cargo in and out of Russia and improved its market share. According to Logistics Finland, Finnish and Baltic container volumes were down 25-30%, but the integration with Contaz's network, particularly in the Mediterranean, has cut the volume decline to just 12%. The group's westbound volumes out of Russia to the Mediterranean, especially Turkey, are now full, compared with 2008, when Russian container volumes were 70% inbound.

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