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 indicates the global economic
downturn and constriction of trade is set to impact upon Ukraine' s
shipping sector in 2009. This can be seen in our forecasts for the
Ukrainian shipping sector, where we have used measurements of throughput at
the country' s main ports of Illichivsk and Odessa as an indicator of how
much demand there is for shipping. In 2008 these ports handled 18.9mn and
34.6mn tonnes respectively. In 2009 we predict that through port at the
port of Illichivsk will fall by 13% whilst at Odessa it will decline by 16.2%.
Container throughput at the facilities are set to witness a steeper
decline with container volumes forecast to fall by 28% to 481,921TEUs at
Illichivsk in 2009 and to decrease by a predicted 30.5% to 397,725TEUs at
Odessa. BMI' s Ukraine 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 Ukraine 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 ports of Odessa and Illichivsk
with analysis of the ports' facilities, expansions and developments that
are already under way at the ports or planned to increase the ports
working capabilities as well as details of multi-modal links from the ports to
the rest of the country' s transport network. Finally the Ukraine
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 Ukraine Shipping Report offers a
country specific overview on Maersk and CMA CGM' s shipping operations in
the country.
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