Grain Transshipment Growth in Caspian and Azov-Black Sea Ports
Grain Transshipment Increase: April 2024 saw a positive trend in grain transshipment in the Caspian and Azov-Black Sea port regions, driven by increased demand and infrastructure upgrades.
Record at Novorossiysk: The grain terminal in Novorossiysk set a new record by handling over 1 million tons of grain in April, thanks to systematic updates at the port.
Decline in Other Shipments: There was a reduction in the shipment of coal, coke (due to falling demand and global prices), and oil products (due to a previous export ban on gasoline and diesel).
Regional Differences: Overall, there was a decrease in the freight turnover at the Azov-Black Sea ports in April 2024, whereas the Caspian region saw an increase.
Yearly Statistics: From January to April 2024, there was a 6.9% decline in the turnover of the Azov-Black Sea ports, totaling 93.8 million tons. However, Caspian ports experienced a 40.7% increase, handling 3 million tons of cargo.
Conclusion: The report indicates robust growth in grain transshipment activities in specific Russian port regions, reflecting broader shifts in demand and infrastructure capabilities.
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