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Kenya Shipping Report Q4 2009Published by: Business Monitor International Published: Sep. 25, 2009 - 86 Pages Table of Contents
Abstract2009 has been a tough year for the shipping sector - container freight rates have plunged with industryobservers issuing profit warnings for container lines' full-year results. The liquid bulk sector has remainedafloat, as tankers have been used for oil-storage purposes. Dry bulk shipping fortunes have fluctuatedfrom all-time lows, to showing a steady recovery, to dipping once more, as the sector's fortunes havebecome increasingly tied to China's raw material needs.Our Q409 Kenya Shipping Report poses the question, as 2009 draws to a close, of what 2010 holds forthe country's shipping sector. Throughput at Kenya's main port of Mombasa is expected to take abattering in 2009 as the country's total trade declines by a projected 2%. BMI estimates that the port ofMombasa's total tonnage will decline by 5.32%, with box volumes at the port expected to fall by 6.71%year-on-year (y-o-y). 2010 will see a throughput recovery at the port, on the back of a predicted upturn in global trade. Weforecast that in 2010 total tonnage at the port of Mombasa will increase by 7.66% and container volumeswill grow by a projected 9.89%. BMI has also calculated expected throughput volumes at the port for the rest of the mid term (2011-2013). For the country's main port of Mombasa we predict average yearly changes in the total tonnagethroughput and container volumes for this period. This allows us to predict whether or not these changeswill enable the port to reclaim its pre-downturn level of tonnage throughput and to reverse the port'scontainer decline during our forecast period. The recovery in throughput volumes at the Kenyan port of Mombasa is reliant upon a revival in thecountry's trade volumes. For the whole of 2009 BMI expects Kenya's total trade to decrease by 2%. Arecovery in trade growth is due to begin in 2010 with an increase of 2.38% expected. Also in this report,BMI predicts average yearly change in the country's total trade over the rest of the mid term (2011-2013). BMI does not expect Kenya's main trade partners of Uganda, the UAE, the UK, China, Saudi Arabia,India, the Netherland's, Tanzania, South Africa and the US to change dramatically over the mid term. Get Full Details About This Report >> |
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