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 shows that the global economic downturn and constriction
of trade is set to impact upon Romania' s shipping sector in 2009. This can
be seen in our forecasts for the Romanian shipping sector, where we have
used measurements of throughput at the country' s main port of Constantza
as an indicator. In 2008 total throughput at the port grew by 7% to reach
61.8mn tonnes. We predict that throughput at the port will decline in 2009
decreasing by a forecast 9.1% to 56.2mn tonnes. Container volumes at the
port are expected to plunge more dramatically falling by 20.7% in 2009 to
bring container throughput volumes down to an estimated 1.094mn TEUs this
year. BMI' s Romania 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 Romania 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 Constantza 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 Romania 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 Romania Shipping Report offers a
country specific overview on Maersk and CMA CGM' s shipping operations in
the country.
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