Brazil Shipping Report

Published 14 May 2015

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$1,295.00
Brazil Shipping Report

BMI View: We see no respite for Brazil's current account in the coming quarters. Weaker Chinese demand for iron ore and lower global metals prices will continue to depress the country's key commodity exports, proving to be a drag on the Brazilian shipping industry as a result. Moreover, the country's manufactured goods exports will be unable to pick up the slack ( see 'Lower Oil Prices Offer Limited Respite For Current Account', January 7 ).

For 2015, we anticipate the main Brazilian ports to see container throughput annual growth to outperform that in the tonnage sphere. At the country's largest port at Santos, we have penciled in year-on-year box growth of 6.35% in 2015, while tonnage is expected to come in at 3.20% over the same period, arresting the slump in growth experienced in 2014. Annual tonnage throughput gains will be strongest at the Port of Suape at 6.87%, while box throughput will be at its highest year-on-year (y-o-y) levels at the Port of Itajai, which is pencilled in for 6.40% y-o-y growth in 2015.

High labour costs, local content and hiring requirements, as well as significant real appreciation of the currency in the last several years have eroded the competitiveness of Brazil's manufacturing sector, and we do not see a significant improvement in these dynamics going forward, which is not welcome news for the country's shipping industry, at least over the short term.

Key Industry Forecasts

  • Total tonnage throughput at the port of Santos to grow 3.20% in 2015 to reach 114.72mn tonnes.

  • Container throughput at Santos to grow 6.35% to reach 3.92mn twenty-foot equivalent units (TEUs) in 2015.

  • Total tonnage throughput at the port of Itajai to increase 3.50% in 2015 to reach 12.86mn tonnes.

  • Container throughput at the port of Itajai to grow 6.44% to reach 1.16mn TEUs in 2015.

Key Industry Trends

Tecon Santos Port Leasing Deal Extended - Brazil's Secretaria Especial de Portos (SEP) plans a 25-year extension to its leasing contract with...

Table of Contents

BMI Industry View
7
SWOT
10
Shipping
10
Political
12
Economic
13
Business Environment
14
Industry Forecast
15
Port Of Itaja- Throughput
15
Port Of Santos Throughput
19
Table: Major Ports Data (Brazil 2011-2018)
23
Table: Trade Overview (Brazil 2011-2018)
25
Table: Key Trade Indicators (Brazil 2011-2018)
26
Table: Brazil's Top Import Sources, 2004-2012 (USDmn)
27
Table: Brazil's Top Export Destinations, 2004-2012 (USDmn)
28
Market Overview
29
Brazil Container Shipping Market Overview
29
Industry Trends And Developments
37
Company Profile
44
Alian-a Navega--o e Log-stica
44
Shipping - Global Industry View
47
Container Demand:
47
Container Supply:
54
Container Rates:
60
Global Company Strategy
64
Maersk Line
64
Mediterranean Shipping Company (MSC)
77
CMA CGM
82
Evergreen Line
92
COSCO Container Lines Company (COSCON)
99
Macroeconomic Forecasts
106
Table: Brazil - Economic Activity
111
Demographic Forecast
112
Table: Brazil's Population By Age Group, 1990-2020 ('000)
113
Table: Brazil's Population By Age Group, 1990-2020 (% of total)
114
Table: Brazil's Key Population Ratios, 1990-2020
115
Table: Brazil's Rural And Urban Population, 1990-2020
115

The Brazil Shipping Report has been researched at source and features latest-available data and BMI Research's independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Brazil.

BMI's Brazil Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Brazil.

Key Benefits

  • Benchmark BMI's independent shipping industry forecasts for Brazil to test other views - a key input for successful budgeting and strategic business planning in the Brazilian shipping market.
  • Target business opportunities and risks in Brazil through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering shipping, major investments and projects and significant multinational and national company developments.

SWOT Analysis

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's shipping sector, which carefully evaluates the short- and medium-term issues facing the industry.

Market Overview

Analysis of the capacity, terminals and planned development of the major ports in each country, including data on throughput and total tonnage.

Industry Forecast Scenario

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and macroeconomic indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).

Company Profiles

Company profiles include business activities, leading products and services, company strategy, trends and developments and economic performance analysis.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc