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 Russia' s shipping sector in 2009. This can
be seen in our forecasts for the Russian shipping sector, where we have
used measurements of throughput at the country' s main port of St Petersburg as
an indicator of how much demand there is for shipping. In 2008 the port
handled a total of 59.9mn tonnes. We predict that throughput at the port
will fall by 6% in 2009 with a forecast 56mn tonnes estimated to pass
through the port this year. Container volumes at the port are forecast to
plummet falling by a projects 14% in 2009 to 1.7mn TEUs. BMI' s Russia
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 Russia 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 St Petersburg 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 Russia 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
Russia Shipping Report offers a country specific overview on Maersk and
CMA CGM' s shipping operations in the country.
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