Abstract
The shipping industry entered 2009 in a state of crisis. All shipping sectors
had been hit hard, with the dry
bulk sector struggling to recover from a
plunge in November 2008 that took the Baltic Dry Index to a
nine-year low.
Rumours persisted that containers were being shipped for a little as US$200
and that the
only thing keeping the liquid bulk sector afloat was that
tankers were being used for floating storage
rather than the actual
transport of oil. It is in the climate of uncertainty that BMI has launched a
new set
of reports to its portfolio the BMI Shipping Reports.
BMI' s
research and analysis of the shipping sector shows that a slowdown that took
hold in Q408 is
persisting and looks set to get deeper in 2009. This can
be seen in our forecasts for the Bahrain shipping
sector, where we have
used projected measurements of throughput at the country' s new port of
Khalifa
bin Salman (KBSP), which opened in April 2009 and is set to take
over from the country' s existing port of
Mina Salman. We have estimated at
how much cargo will be transferred from the old port to the new and
predict that 128mn tonnes of cargo will be handled at KBSP in 2009 and that
the port will cater for
77,847TEUs. As more data becomes available BMI
will adjust our forecasts.
BMI' s Bahrain Shipping Report offers data from
previous years of its port throughput, which has been
used along with our
forecasts of the country' s imports and exports to predict throughput trends
for the
next five years (2009-2012) as well as detailed analysis to
explain our assumptions behind these forecasts.
The BMI Bahrain Shipping
Report offers in-depth analysis into the three main shipping sectors of
container, bulk dry and bulk liquid and detailing the strategy that major
shipping companies in these
sectors have so far implemented to protect
themselves against the downturn. We also offer analysis of
other tactics
that we feel operators in these sectors could use over 2009 as trade continues
to contract.
The report offers an overview of country' s main port of Mina
Salman with analysis of the port' s facilities,
expansions and developments
that are already under way at the port or planned to increase the ports
working capabilities as well as details of multi-modal links from the port to
the rest of the country' s
transport network.
Finally the Bahrain
Shipping Report offers an in-depth overview of 11 of the main global
shipping
companies (China Shipping, CMA CGM, COSCO, Evergreen, Hanjin,
Hapag Lloyd, Maersk, MOL,
MSC, NOL, NYK.) BMI analyses the firms' vital
financial statistics, the companies' different operating
sectors and their
most recent activity. On top of this, the Bahrain Shipping Report offers a
country
specific overview on Maersk and CMA CGM' s shipping operations in
the country.
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