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 Egypt shipping
sector, where we have used
measurements of throughput at one of the country' s main ports, the port of
Alexandria, as an indicator of how much demand there is for shipping. In 2008,
the port of Alexandria
handled an estimated total of 20.47mn tonnes. The
ports container throughput reached an estimated
500,020TEU in the same
year. We predict a decline in throughput at the port in 2009 with total
cargo
volumes expected to fall by 0.3%. Container volumes at the port are
also expected to decline, with a 1.3%
reduction in 2009 to reach just
493,305TEUs.
BMI' s Egypt 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 Egypt 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 ports of Alexandria and Port Said
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 Egypt
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 Egypt Shipping Report offers a
country specific
overview on Maersk and CMA CGM' s shipping operations in
the country.
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