Kenya Shipping Report Q3 2009 : Market Research Report

Kenya Shipping Report Q3 2009

Published by: Business Monitor International

Published: Jul. 10, 2009 - 81 Pages

Executive Summary: SWOT Analysis; Kenya Shipping SWOT; Sector Overview; Container Market Overview; Bulk Dry Overview; Liquid Bulk Sector Overview; Port Overview; Port of Mombasa; Overview; Terminals; Expansion and Developments; Industry Forecast
Table 1: Major Port Data
Table 2: Trade Overview
Table 3: Key Trade Indicators
Table 4: Main Import Partners
Table 5: Main Export Partners: Company Profiles; A.P. MØLLER-MAERSK; Mediterranean Shipping Company; CMA CGM; EVERGREEN; China Ocean Shipping (Group) Company (COSCO); Hapag-Lloyd; Neptune Orient Lines (& APL); China Shipping (CSCL); Nippon Yusen Kabushiki Kaisha (NYK); Hanjin Shipping Company; Mitsui OSK Lines

Abstract

The major development within Kenya's maritime sector over the quarter is the news that a new containerterminal project at the port of Mombasa is set to go ahead after a loan of US$200mn was agreed withJapan. The new container terminal will be the second at the port and is set to be developed in threephases, coming fully online by 2018. The new container terminal will increase the port's containerhandling capacity by 1.2mn TEUs from the port's current installed capacity of 450,000 TEUs.

BMI notes that the project will go a long way to solving the congestion problems that have plagued theport in recent years. BMI expects congestion to ease in 2009, as the downturn hits Kenya's import andexport sector and trade volumes fall. We predict that Mombasa will handle a total of 577,521 TEUs in2009. Although this figure is still above the port's current installed handling capacity, it is considerablydown from the 615,733 TEUs that the port of Mombasa handled in 2008.

Declines are also forecast by BMI for the port's total tonnage throughput, with volumes set to shrink by4.92% to 15.6mn tonnes in 2009. For both the port's total tonnage throughput and container throughputBMI expects a recovery to begin in 2010 with growth in both sectors of 7.64% and 9.85% respectively.BMI notes that the reason for this decline in throughput at Kenya's main port of Mombasa is the globaldownturn, which we forecast will cause Kenya's imports to fall by 2% and the country's exports to declineby 1%, with total trade declining by 1.62%. A recovery is set to begin in 2010 with Kenya's total trade setto increase by 2.38%.

As well as an in-depth analysis of Kenya's shipping sector, BMI's Q309 Kenya Shipping Report alsooffers a global overview of the dry bulk, liquid bulk and container sectors and overviews of the 11 largestshipping lines and their strategies over the quarter to weather the downturn in trade volumes.

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Kenya Shipping Report Q3 2009

Table of Contents

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