Russian ports traffic up 9% in 2017

Kazakhstan is developing a new trade route from China to Russia via the Irtysh River, with a port and railway planned, aiming for completion by 2026.

In February of this year alone, Russia’s container market rose by 23.5 per cent year-on-year to 533,000 TEU. The preceding month also saw growth.

While Ukraine has managed to expand throughput via its sea harbours to 75% of pre-war levels, further growth is hindered by reduced production volumes.

This year has been one of the most challenging for the Panama Canal Authority and its customers as a drought in the country has led to draught restrictions being imposed on ships transiting the artery.

The economies of most Caribbean countries were severely impacted by the effects of the coronavirus pandemic and while some recovery has taken place in the region, it has been sporadic and uneven, and trading volumes have been mixed.

Moscow has now nationalised Kaliningrad Commercial Seaport (KMTP). The Russian exclave’s Central District Court of Kaliningrad has upheld Russia’s Deputy Prosecutor General’s move to confiscate the 51.75% stake in KMTP controlled by local MP Andrey Kolesnik and his family. In addition, RUB369.24M (US$4M) in ‘illegal income’ will be returned to the state.