Abstract
BMI is proud to launch the Colombia Shipping Report for Q309. BMI launches
this latest addition to its
shipping report portfolio at a time of severe
downturn in the global shipping sector. Container lines are
releasing
dismal Q109 results and are announcing their cost-cutting strategies in an
effort to protect their
bottom lines. The bulk dry sector has been
yo-yoing, with the Baltic Dry Index recording declines
followed by
increases. BMI notes that one thing that is for sure is that the highs of 2008
will not be
replicated in 2009 as global demand for raw materials such as
iron ore (the major dry bulk commodity)
remains weak. The liquid bulk
sector is witnessing similar volatility as a result of fluctuating demand
for
both oil and chemical cargoes. The main factor keeping the liquid
sector afloat is the use of very large
crude carriers (VLCCs) for storage.
It is in this climate of uncertainty that BMI strives to offer an indepth
overview of the market, from where the major risks are emanating and where we
expect to see
growth.
BMI believes the global downturn in shipping
that took hold in Q409 and has persisted into 2009 looks
set to continue.
We hold the belief that a sustained recovery is not set to begin until the
second half of
2010. This can be seen in our forecasts for the Colombian
shipping sector, where we have used
measurements of throughput at the
country' s main container port of Cartagena. We believe the port of
Cartagena' s total throughput will decline by 14.59% to 6.37mn tonnes in 2009.
BMI forecasts a decline of
16.86% to 717,014 TEUs at the port' s container
facilities. A recovery is set to begin in 2010. But we warn
that the port
of Cartegena will not be able to recapture its pre-downturn volumes until
2013.
BMI' s Colombia 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 (2009-2013) as well as detailed analysis to explain our assumptions
behind these forecasts.
The BMI Colombia Shipping Report offers in-depth
analysis into the three main shipping sectors of
container, dry bulk and
liquid bulk 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 Cartagena and
Buenaventura with analysis of the
ports' facilities; significant
expansions and developments - either planned or already under way; as well
as
details of multi-modal links from the port to the rest of the country' s
transport network.
Finally, the Colombia 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, different
operating sectors and most
recent activity.
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