Egypt Shipping Report

Published 13 July 2015

  • 105 pages
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  • Includes 3 free updated quarterly reports
$1,295.00
Egypt Shipping Report

BMI View: Our outlook for Egyptian ports is fairly mixed. Although the economy's recovery will bolster demand for shipping services, the growth driver will largely be investment, while private consumption will falter. We exp ect acceleration in gross fixed capital formation (GFCF) in Egypt over the coming quarters on the back of relative political stability and policy continuity as well as substantial pent-up demand. We expect that this will drive up gross tonnage volumes at Egyptian ports. However, fuel subsidy cuts and elevated inflation will ensure household consumption growth remains relatively slow over the coming quarters, even with lower global oil and food prices. Hikes to domestic energy prices will have a pronounced impact on spending patterns, as households are forced to devote a greater share of their incomes to fuel. This will impact on consumer demand for containerised goods imports, and so will negatively impact box throughput at Egypt's ports.

Fundamentally, strikes at the country's ports have diminished, and a number of expansions are under way once more, including a new berth to be developed at Damietta. The country benefits from the presence of the Suez Canal, and a recovery in consumer demand in Europe's developed markets - thanks to lower oil prices boosting household spending power - will see volumes through the waterway grow, delivering a boost to Egyptian container-handling facilities near the channel such as East Port Said.

Headline Industry Data

  • 2015 total tonnage throughput at El-Dekheila is forecast to grow by 4.0% to 25.52mn tonnes, and to average 2.1% per annum to 2019.

  • 2015 East Port Said container throughput growth forecast at 2.9% to reach 3.26mn twenty-foot equivalent units (TEUs), and to average 3.1% growth to 2019.

  • 2015 Egyptian trade forecast to grow by 3.2%, and to average growth of 3.4% over the medium term.

Key Industry Trends

Port Investment Bouncing Back: Following the Arab Spring revolution of 2011 which...

BMI Industry View
7
SWOT
9
Shipping
9
Political
11
Economic
12
Operational Risk
14
Industry Forecast
16
East Port Said Throughput
16
Port Of El-Dekheila Throughput
20
Table: Major Ports Data (Egypt 2012-2019)
23
Table: Trade Overview (Egypt 2012-2019)
27
Table: Key Trade Indicators (Egypt 2012-2019)
28
Table: Main Import Partners, 2006-2013
29
Table: Main Export Destinations, 2006-2013
30
Market Overview
31
Egypt Container Shipping Market Overview
31
Shipping - Global Industry View
40
Container Shipping: Three Key Themes
40
Table: Major Beneficiaries
40
Table: Order Book For New Mega Vessel Class
42
Table: Vessel Capacity By Trade Route
45
Global Company Strategy
47
Maersk Line
47
Mediterranean Shipping Company (MSC)
60
CMA CGM
67
Evergreen Line
78
COSCO Container Lines Company (COSCON)
86
Macroeconomic Forecasts
93
Expenditure Breakdown
95
Table: GDP By Expenditure (Egypt 2012-2019)
100
Demographic Forecast
101
Demographic Outlook
101
Table: Population Headline Indicators (Egypt 1990-2025)
102
Table: Key Population Ratios (Egypt 1990-2025)
102
Table: Urban/Rural Population & Life Expectancy (Egypt 1990-2025)
103
Table: Population By Age Group (Egypt 1990-2025)
103
Table: Population By Age Group % (Egypt 1990-2025)
104

The Egypt 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 Egypt.

BMI's Egypt 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 Egypt.

Key Benefits

  • Benchmark BMI's independent shipping industry forecasts for Egypt to test other views - a key input for successful budgeting and strategic business planning in the Egyptian shipping market.
  • Target business opportunities and risks in Egypt 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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