PR Log (Press Release) –
Dec 21, 2009 – The major development within Egypt's maritime sector over the last quarter is news that revenue and traffic volumes through the Suez Canal have fallen for their seventh consecutive month. In March 2009, revenue from the Canal declined by 21% year-on-year (y-o-y), with traffic down to just 1,439 ships. The Canal is a good indicator of the state of the global shipping sector and the fall in vessel volumes can be attributed to both the economic downturn and also the rise in piracy in the Gulf of Aden. The decline in traffic volumes through the Canal will have a major impact on Egypt's maritime sector, specifically on the ports that cater for the Canal's traffic. BMI notes that in 2009 we predict that tonnage throughput at East Port Said will decline by 2.3% to 17.3mn tonnes, with container volumes passing through the port falling by a forecast 2.5% to 2.066mn TEUs. We expect the recovery in Egypt's shipping sector to begin in 2010 with throughput at the nation's ports forecast to record positive growth. The throughput trends at Egyptian ports mirror the trade situation in the country as a whole, with total trade expected to decline by 4% in 2009. BMI forecasts a recovery to begin in 2010, with total trade expected to increase by 2.83% over the 2010-2013 period. As well as an in-depth analysis of Egypt's shipping sector, the Q309 Egypt Shipping Report also offers a global overview of the dry bulk, liquid bulk and container sectors and overviews of the 11 largest shipping lines and their strategies over the quarter to weather the downturn in trade volumes.
Report Table of Contents:
Executive Summary
- SWOT Analysis
- Egypt Shipping SWOT
- Egypt Political SWOT
- Egypt Economic SWOT
- Egypt Business Environment SWOT
- Global Overview
- Container Market Overview
Table: H109 Container Carried Results
- Dry Bulk Overview
- Liquid Bulk Sector Overview
- Market Overview
- Port of Alexandria
- Overview
- Terminals
- Expansion And Developments
- Multi-Modal
- Port Said
- Overview
- Terminals
- Expansion And Developments
- Multi Modal Links
- Industry Forecast
Table: Major Port Data
Table: Trade Overview
Table: Key Trade Indicators
Table: Main Import Partners
Table: Main Export Partners
- Company Profiles
- A.P. MØLLER-MAERSK
- Mediterranean Shipping Company
- CMA CGM
- Evergreen Line Overview
- China Ocean Shipping (Group) Company (COSCO) Overview
- Hapag-Lloyd- Q409
- Neptune Orient Lines (& APL)
- China Shipping (CSCL)
- Nippon Yusen Kabushiki Kaisha (NYK)
- Hanjin Shipping
- Mitsui OSK Lines
For more information or to purchase this report, go to http://www.fastmr.com/catalog/product.aspx?productid=43280
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