The Baltic ports see a 2 percent increase in cargo turnover

Despite the challenging economic situation, sanctions and reduced investments, the cargo turnover of Russian ports gradually increased during the first 6 months of 2016. The beginning of 2016 saw a 3 percent decrease year to year. But the first quarter showed a growth of cargo traffic as compared to the previous year, with almost a 5.9 percent increase from the beginning of 2015.

Despite the increase in cargo turnover in the Baltic ports, with dry bulk cargo amounting to 43.3 million tons (+1.1%) and liquid bulk to 73.2 million tons (+2.5%), the turnover of large port of St. Petersburg decreased by 8 percent in the period from January to June. At the same time, the Port of Sevastopol increased its turnover almost two times during the first five months of the year. As reported by the Association of Sea Commercial Ports, this is almost 114 percent more than in the same period of 2015.

 

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