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Estonia Shipping Report Q3 2009Published by: Business Monitor International Published: Jul. 1, 2009 - 85 Pages Table of Contents
AbstractBMI is proud to launch the Estonia Shipping Report for Q309. BMI launches its latest addition to itsshipping report portfolio at a time of severe downturn in the global shipping sector. Container lines arereleasing dismal Q109 results and are announcing cost cutting strategies to try and protect their bottomlines. The bulk dry sector has been yo-yoing, with the Baltic Dry Index recording declines followed byincreases. BMI notes that one thing is for sure, and that is that the highs of 2008 will not be replicated in2009, as the demand for raw materials, such as iron ore (the major dry bulk commodity), remains weak.The liquid bulk sector is seeing a similar decline, as both oil and chemical demand slips. The main factorkeeping the liquid sector afloat is the use of very large crude carriers (VLCCs) for storage. It is in thisclimate of uncertainty that BMI strives to offer an in-depth overview of the market, the major emergingrisks and where we expect to see growth. BMI believes that the global downturn in shipping that took hold in Q408 looks set to continue. Webelieve that a recovery will not begin until the second half of 2010. This can be seen in our forecasts forthe Estonia shipping sector, where we have used measurements of throughput at the country's main port,Tallinn. We believe that total throughput at Tallinn will decline by 25.5% to 21.7mn tonnes in 2009. BMIforecasts a decline of 9.96% to 162,900 twenty-foot equivalent units (TEUs) at the port's containerfacilities. A recovery is set to begin in 2010. But we warn that the Port of Tallinn will not be able torecapture its pre-downturn volumes until 2011. BMI's Estonia Shipping Report offers data on port throughput from previous years. This has been used,along with our forecasts of the country's imports and exports, to predict throughput trends for the nextfive years (2009-2013). We also include detailed analysis to explain the assumptions behind theseforecasts. The BMI Estonia Shipping Report offers in-depth analysis into the three main shipping sectors,container, dry bulk and liquid bulk, and details the strategy that major shipping companies in these sectorshave implemented to protect themselves against the downturn. We also offer analysis of other tactics thatwe believe operators could use over 2009, as trade levels continue to contract. The report has an overview of country's main port, Tallinn, with analysis of the port's facilities,expansions and developments that are under way or are planned, as well as details of multi-modal linksfrom the port to the rest of the country's transport network. Finally the Estonia Shipping Report offers an in-depth overview of 11 of the main global shippingcompanies (China Shipping, CMA CGM, COSCO, Evergreen, Hanjin, Hapag-Lloyd, Maersk,MOL, MSC, NOL, NYK). BMI analyses the firms' vital financial statistics, the companies' differentoperating sectors and their most recent activity. Get Full Details About This Report >> |
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