PR Log (Press Release) –
Dec 07, 2009 – BMI is proud to launch the Argentina 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 cost cutting strategies to try and protect their bottom lines. The bulk dry sector has been yo-yoing, with the Baltic Dry Index recording declines followed by increases. One thing is for sure, and that is that the highs of 2008 will not be replicated in 2009, as demand for raw materials, such as iron ore (the major dry bulk commodity), drops globally. The liquid bulk sector is seeing a similar decline as both oil and chemical demand slips. The main factor keeping the liquid sector afloat is the use of very large crude carriers (VLCCs) for storage. In this climate of uncertainty BMI offers an in-depth overview of the Argentine shipping market, focusing on emerging risks and where we expect to see recovery. BMI believes that the global downturn in shipping that took hold in Q408 and has persisted into 2009 looks set to continue. A recovery is not set to begin until the second half of 2010. This can be seen in our forecasts for the Argentine shipping sector, for which we have used measurements of throughput at the country's main port, Buenos Aires. We believe that total throughput at the port will decline by 9.8%, to 11.5mn tonnes, in 2009. BMI forecasts a decline of 8.27% to 1.09mn twenty-feet equivalent units (TEUs) at the port's container facilities. A recovery is set to begin in 2010. But we warn that Buenos Aires will not be able to recapture its pre-downturn volumes until 2012. BMI's Argentina Shipping Report includes offers data on port throughput from previous years, which has been used along with our forecasts for the country's imports and exports to predict throughput trends for the next five years (2009-2013). Detailed analysis explains the assumptions behind these forecasts. The BMI Argentina Shipping Report offers in-depth analysis into the three main shipping sectors: container, dry bulk and liquid bulk. We also detail the strategy that major shipping companies in these sectors have implemented to protect themselves against the global economic downturn. We also analyse other tactics that we believe operators in these sectors could use over 2009, as trade continues to contract. The report offers an overview of the ports of Buenos Aires and Bahía Blanca, with analysis of the ports' facilities, expansions and developments that are already under way or are planned, as well as details of multi-modal links from the ports to the rest of the country's transport network. Finally, the Argentina Shipping Report has 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, and NYK). BMI analyses the firms' financial statistics, their strategies for managing the downturn and their most recent activity.
For more information or to purchase this report, go to http://www.fastmr.com/catalog/product.aspx?productid=43240
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