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Russian container market growing in 2M 2024 — Fesco

The container market of Russia reached 533,000 TEU and the incremental growth in annual terms totaled 23.5% in February 2024, Fesco informed

MOSCOW, March 28. /TASS/. The Russian container market gained 18% year on year and climbed to 1.051 mln TEU [20 ft container equivalent - TASS] in January-February 2024, the Fesco shipping group said on its official Telegram channel.

"According to data of Fesco analysts, the Russian container market surged by 18% over two months of 2024 against the like period of the last year to 1.051 mln TEU," the company said.

Imports rose by 16% to 473,000 TEU, exports - by 17% to 283,000 TEU, the group said. Rail transit increased by 16% to 95,000 TEU. Domestic transportation surged by 24% to 200,000 TEU, the company added.

The container market of Russia reached 533,000 TEU and the incremental growth in annual terms totaled 23.5% in February 2024, Fesco informed.