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 Pakistan shipping
sector, where we have
used measurements of throughput at the country' s main port of Karachi as
an
indicator of how much demand there is for shipping. In 2008, the port
of Karachi handled an estimated
total of 28.65mn tonnes. The ports
container throughput reached an estimated 471,106TEU in the same
year. We
predict a decline in throughput at the port in 2009 with total cargo volumes
expected to fall by
7.3%. Container volumes at the port are also expected
to decline, with a 14% reduction in 2009 to reach
just 405,106TEUs.
BMI' s Pakistan 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 Pakistan 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 Karachi and Muhammad Bin Qasim
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 Pakistan 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 Pakistan Shipping Report offers a
country
specific overview on Maersk and CMA CGM' s shipping operations in
the country.
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