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 Iran shipping sector, where we have used
measurements of throughput at the country' s main port of Bandar-e Abbas as
an indicator of how much demand there is for shipping. In 2008, the port of
Bandar-e Abbas handled a total of 2mn containers. We predict a slowdown in
throughput at the port in 2009 container volumes at the port growing by
just 1.8% to reach just 2.035mnTEUs. BMI' s Iran 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 Iran 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 Bandar-e Abbas 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 Iran 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 Iran Shipping Report offers a
country specific overview on Maersk and CMA CGM' s shipping operations in
the country.
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