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 downturn that took
hold in Q408 is
persisting and looks set to get deeper in 2009. This can
be seen in our forecasts for the Chinese shipping
sector, where we have
used measurements of throughput at the country' s main port. Using the port
of
Shanghai as an indicator we can measure how much demand there is for
shipping. In 2008, the port of
Shanghai handled a total of 582mn tonnes.
The ports container throughput reached 28mnTEU in the same
year. We
predict a decline in throughput at the port in 2009 with total cargo volumes
expected to fall by
10.1%. Container volumes at the port are also expected
to decline, with a 10% reduction in 2009 to reach
just 25.2mnTEUs.
BMI' s China 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 China 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 Shanghai and Ningbo with analysis
of the ports'
facilities, expansions and developments that are already
under way at the ports or planned to increase the
ports working
capabilities as well as details of multi-modal links from the ports to the
rest of the country' s
transport network.
Finally the China 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 China Shipping Report offers a country
specific
overview on Maersk and CMA CGM' s shipping operations in the
country.
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