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Poland Shipping Report Q4 2009Published by: Business Monitor International Published: Aug. 12, 2009 - 92 Pages Table of Contents
Abstract2009 has been a tough year for the shipping sector - container freight rates have plunged, and industryobservers have issued profit warnings for container lines' full-year results. The liquid bulk sector hasremained afloat, as tankers have been used for oil storage purposes. Dry bulk shipping fortunes havefluctuated from all-time lows, to showing a steady recovery, to dipping once more, as the sector's fortuneshave become increasingly tied to China's raw material needs.For the Q409 Poland Shipping Report we have reviewed our forecast data for total tonnage throughputand container volumes at the country's ports, taking into account, where available, the most recentmonthly throughput data. Using one of Poland's main ports, the port of Gdansk as an example, BMI hasrevised its 2009 throughput forecasts for this port up. We believe that for the whole of 2009 the port'stotal tonnage throughput will increase by 0.39% year-on-year (y-o-y), with container throughput set togrow by 24.82%. As 2009 draws to a close, BMI answers the question of what is next for the Polish shipping sector. Wepredict growth in the country's ports throughput during 2010. This is based upon the fact that our CountryRisk desk is forecasting Poland's total trade to increase by 3% in 2010. Using the port of Gdansk as anexample, BMI predicts that tonnage throughput at the port will grow by 2.19%, while container volumeswill increase by 3.17% in 2010. This estimate will see the port to handling a total of 18.2mn tonnes and239,073TEUs in 2010. We expect growth in throughput volumes to continue at the port for the rest of the mid term (2011-2013). According to BMI's Shipping Desk's forecasts for the port of Gdansk, we predict that total tonnagethroughput will increase on average by 5.3% per year, with container volumes increasing by a yearlyaverage of 4.2%. This growth will enable the port of Gdansk to handle a total of 21.3mn tonnes withcontainer volumes reaching 270,401TEUs in 2013. Poland's port recovery is reliant on a revival in Poland's trade volumes. For the whole of 2009 BMIexpects Poland's imports to decline by 13% and its exports to fall by 10%. A gradual recovery is forecastto begin in 2010, with total trade forecast to grow by 3%. BMI predicts that over the rest of the mid term(2011-2013) the country's total trade will increase by a yearly average of 5.9%. This trade recovery will see the country's import and export worth increase to US$215.7bn andUS$212.0bn, respectively, by 2013. BMI does not expect the country's current main trade partners ofGermany, Italy, France, Russia, the Netherlands, the UK and the Czech Republic to change dramaticallyover the mid term. Get Full Details About This Report >> |
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