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Russia’s container market to gain 4-5% in 2024 — Fesco head

Russian Railways said earlier that container shipments over the network of Russian Railways increased by 14.1% in 2023 compared with 2022 to over 7.4 mln TEU (twenty-foot equivalent units)

MOSCOW, March 21. /TASS/. Russia’s container market may rise by 4-5% in 2024 compared with 2023, Board Chairman of the transport group Fesco Andrey Severilov told reporters.

"Russia’s container market has adjusted to new conditions. Dynamics of container imports has stabilized after fast growth. In the first half of the year infrastructure restrictions in Russia’s Eastern polygon may be expected to persist, which will slow down the potential growth of export supplies. Exports through northwestern ports to China and friendly countries will grow. We expect the container market to gain 4-5% by the end of 2024," he said on the sidelines of the TransRussia forum.

Russian Railways said earlier that container shipments over the network of Russian Railways increased by 14.1% in 2023 compared with 2022 to over 7.4 mln TEU (twenty-foot equivalent units).