The impact of the COVID-19 pandemic on the cargo turnover
In 2023, the cargo turnover of Georgian ports was 1.1 million tons less than in 2022. In particular, on average, in 2023, 7.5% less loaded ships entered and left Georgian ports than in 2022. This decline was mainly due to the impact of the COVID-19 pandemic on the global trade and transportation sector.
The diversity of the cargo types and ship flags
It should also be noted that from 1,619 ships that entered Georgia:
- 285 ships sailed under the Turkish flag
- 253 ships sailed under the flag of Panama
- 237 ships sailed under the flag of Liberia
- 147 ships sailed under the Maltese flag
- 74 ships sailed under the Russian flag
This shows the diversity of the cargo types and ship flags that use Georgian ports as a strategic location for their operations.
The growth potential and opportunities for Georgian ports
Despite the challenges posed by the COVID-19 pandemic, Georgian ports have also shown growth potential and opportunities for their development and expansion. For example, in 2023, 47.7% more container ships arrived at Georgian ports than in 2022. This indicates a growing demand for containerized cargo services and a competitive advantage for Georgian ports in this sector.
In conclusion, Georgian ports have faced challenges and opportunities in 2023, especially due to the impact of the COVID-19 pandemic on the global trade and transportation sector. However, they have also demonstrated their resilience, adaptability, and innovation by offering diverse and high-quality cargo services to their customers.
