Abstract
BMI is proud to launch the Peru Shipping Report for Q309. BMI launches its
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 announcing their cost cutting strategies to protect
their bottom lines. The bulk dry sector has been yo-yoing, and with the
Baltic Dry Index recording declines followed by increases, and BMI notes
that one thing is for sure: 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 low demand for oil and chemical shipments. 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 in-depth overview of the market, where we the
major risks emerging and where we expect to see growth. BMI believes that
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 Peruvian shipping sector, where we have used
measurements of throughput at the country' s main port of Callao. We believe
throughput growth at the port of Callao will slow to 4.43% in 2009, rising
to 19.89mn tonnes. BMI forecasts an increase of 3.54% to 1.25mn TEUs at
the port' s container facilities. Growth is set to accelerate in 2010, when we
forecast total throughput and container throughput to increase by 8.06%
and 7.67% respectively. BMI' s Peru 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 Peru 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 the country' s main
ports of Callao and Paita, with analysis of the ports' facilities,
expansions and developments that are underway 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 Peru 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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