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 Indian shipping
sector, where we have
used measurements of throughput at the country' s main port of Jawaharlal
Nehru
(JNPT) as an indicator of how much demand there is for shipping. In
2008, JNPT handled an estimated
total of 57.8mn tonnes. The ports
container throughput reached an estimated 4.2mnTEU in the same year.
We
predict a decline in throughput at the port in 2009 with total cargo volumes
expected to fall by
14.71%. Container volumes at the port are also
expected to decline, with a 14.34% reduction in 2009 to
reach just
3.6mnTEUs.
BMI' s India 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 India 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 JNPT and Chennai 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 India 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 India Shipping Report offers a country specific
overview on Maersk and CMA CGM' s shipping operations in the country.
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