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South Africa Shipping Report Q3 2009Published by: Business Monitor International Published: Jul. 10, 2009 - 86 Pages Table of Contents
AbstractThe latest figures for South Africa show that throughput for the nation's ports so far this year fromJanuary-May 2009 are declining. In May 2009 total throughput at South Africa's ports fell by 11% onApril 2009's figures.This decline indicates that BMI's full-year forecasts for 2009 are on track. We expect that South Africa'smain ports of Durban and Cape Town will suffer a decline in total tonnage throughput of 1.75% and4.09% respectively for the year before both starting a gradual recovery in 2010. Container volumes at the port are set to be hit as the nation demands fewer manufactured goods. Boxthroughput at the port of Durban is expected to fall 9.97% in 2009, while Cape Town's containerthroughput decline will be less steep, with a decrease of 2.38% in 2009. The forecast decline in tonnage volumes and container throughput is based on the trade environment inSouth Africa in 2009. BMI forecasts that imports are set to decline by 7.10% with exports falling by8.10%, giving South Africa a total trade decline of 7.54%. We predict that a gradual recovery in tradevolumes will start in 2010, with South Africa's total trade forecast to increase by 3.07%. As well as an in-depth analysis of South Africa's shipping sector, BMI's Q309 South Africa ShippingReport offers a global overview of the dry bulk, liquid bulk and container sectors and overviews of the 11largest shipping lines and their strategies over the quarter to weather the downturn in trade volumes. Get Full Details About This Report >> |
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