Nigeria Shipping Report Q3 2015

Attention: There is an updated edition available for this report.

Nigeria Shipping Report Q3 2015

BMI View: Although Nigeria's wider economy is characterised by an overreliance on oil exports and lackof domestic productive capacity, the former does provide upside risk to our forecasts going forward, withNigerian ports set to reap the benefits over the medium term.

Modest growth will be the order of the day in 2015 across Nigeria's main ports, with the port of Sapele setto lead the way in terms of year-on-year (y-o-y) growth (3.00%). Meanwhile, the country's largest port inLagos is poised to register y-o-y gains of 2.00%, which is slightly below growth rates at the ports ofHarcourt and Tincan Island (2.5% and 2.5%, respectively).

We have recently revised down our growth forecasts for Nigeria, to reflect our view that lower oil exportrevenue will lead to a reduction in both private consumption and fixed investment this year and next. Weare now well below consensus on growth for both years, at 3.9% in 2015 and 4.0% in 2016, compared toBloomberg consensus forecasts of 4.9% and 5.7% respectively (and our previous 5.6% and 5.7% forecasts).

BMI Industry View
Operational Risk
Industry Forecast
Port Of Lagos Throughput
Table: Major Ports Data (Nigeria 2012-2019)
Table: Trade Overview (Nigeria 2012-2019)
Table: Key Trade Indicators (Nigeria 2012-2019)
Table: Top Import Destinations, 2006-2013
Table: Top Export Destinations, 2006-2013
Market Overview
Nigeria Container Shipping Market Overview
Shipping - Global Industry View
Three Container Routes To Watch In 2015
Global Company Strategy
Maersk Line
Mediterranean Shipping Company (MSC)
Evergreen Line
COSCO Container Lines Company (COSCON)
Macroeconomic Forecasts
Economic Analysis
Table: Economic Activity (Nigeria 2010-2019)
Demographic Forecast
Demographic Outlook
Table: Population Headline Indicators (Nigeria 1990-2025)
Table: Key Population Ratios (Nigeria 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Nigeria 1990-2025)
Table: Population By Age Group (Nigeria 1990-2025)
Table: Population By Age Group % (Nigeria 1990-2025)

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