The total volume of transportation of oversized cargo in Russia grew by 5.5% in 2018, after rising by 6.3% in 2017.
The Russian market for transportation of oversized cargo may face a fall in 2019 after several years of consistent growth. The low growth of Russian GDP, the slowdown in investment in the development of cargo transportation and the weak interest of Europe and America in the development of trade relations with China may hinder the sector after two positive years.
“At the moment, we see that the volume of transportation of oversized cargo increased by 6.3% in 2017 and then decreased to 5.5% last year, while year-on-year growth in investment in the country’s industrial sector fell to 0.4 % from 8.5% a year earlier. A further decline will continue in 2019, which could lead to long-term stagnation in the transportation of oversize, ”predicts Ivan Grishagin, general director of Russian Container Company JSC.
As a result of the sanctions, the industry is losing 2% or more of its potential annual growth. One evidence of this is that the US Treasury Department has sanctioned the actions of several Russian private individuals and companies engaged in shipping.
The Russian oversized cargo transportation market is characterized by seasonality. The largest cargo shipments are most often carried out in the summer months, free from ice, from May to October.
“Meanwhile, the import of heavy equipment from the EU and China is a potential area of growth, since it is not affected by sanctions,” said Ivan Grishagin, general director of Russian Container Company.
This year, the largest projects in the field of super heavy loads are expected to be associated with the supply of two gas processing plants under construction in the Amur and St. Petersburg regions. Both of these projects are being built by the Russian natural gas producer PJSC Gazprom and require the supply of large turbines. The plants will be the largest gas processing facilities in Russia.
Пресс-центр компании РКК
+7 495 199 99 01 доб 104