Unifeeder impacted by decline in Russian market

Unifeeder can feel the impact of the Russian market, which has declined by about 25 percent this year. The carrier does not count on any short-term changes.

Photo: Unifeeder

The decline in the Russian market is now beginning to seriously have an impact on the carriers which sail in the waters of the huge country to the East that just a few years ago seemed to be a rising star.

Unifeeder, which is one of the leading feeder carriers in Europe, has felt the consequences of the downfall and reduced sailings from six a week to now just four. The largest terminal company in Russia - Global Ports, partially owned by APM Terminals - could inform recently along with the 2014 annual report, that the company has been hit by falling freight volumes in to Russia, which for the first months of 2015 has meant a drop of about one quarter of volume in January and February compared to the same period last year.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs