Estonia Shipping Report

Published 27 May 2015

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Estonia Shipping Report

Port Of Tallinn To See Moderate Growth In 2015

Estonia's Port of Tallinn will see slightly faster growth in tonnage and box throughput in 2015 compared to 2014. Tonnage in 2014 grew by only 0.3%, but this was the first expansion after three consecutive years of falling volumes, reflecting the diversion of Russian transit traffic to the rival port of Ust-Luga. Despite continuing concerns over trade with Russia, we believe both bulk tonnage and box traffic is now back on a sustainable growth path, reflecting a moderate but continuing domestic economic recovery and diversification of trade.

Our overall view of the Estonian economy this year is upbeat, based on the hypothesis that strong real incomes, low inflation, and low unemployment will continue to support a revival in domestic consumption that will drive the economy forward. The foreign trade picture is mixed with difficulties experienced by two important trade partners - Russia and Finland - having a negative effect. This is being offset however by resilient demand for Estonian exports (particularly electronic good production and wooden products) from Scandinavian countries - Sweden, Norway and Denmark. This has been a factor in lifting first-quarter Estonian industrial production. Still, bearing in mind the external headwinds, we are now predicting 2015 GDP growth of 2.2% (down on our previous estimate of 2.8% but still higher than the 2.1% recorded in 2014).

Headline Industry Data

  • The Port of Tallinn's gross tonnage is set to grow by 1.2%, to 28.7mn tonnes in 2015, following estimated growth of 0.3% in 2014.

  • Box traffic at Tallinn to grow by 3.0% in 2015, to 268,102 twenty-foot equivalent units (TEUs) in 2015 - slightly up on the 2.6% growth estimated for 2014.

  • Estonian foreign trade to gain 2.6% in real terms in 2015, after 2.4% growth estimated in 2014.

  • Import growth will lead with 3.2% expansion, ahead of exports, which will be up by 2.0%.

Key Industry Trends

Domestic Maritime Tonnage Falls: ...

Table of Contents

BMI Industry View
5
SWOT
8
Shipping
8
Political
9
Economic
10
Operational Risk
11
Industry Forecast
12
Port Of Tallinn Throughput
12
Table: Major Ports Data (Estonia 2012-2019)
18
Table: Trade Overview (Estonia 2012-2019)
18
Table: Key Trade Indicators (Estonia 2012-2019)
19
Table: Top Import Partners, 2006-2013
20
Table: Top Export Destinations 2006-2013
21
Market Overview
22
Estonia Container Shipping Market Overview
22
Shipping - Global Industry View
35
Three Container Routes To Watch In 2015
35
Global Company Strategy
42
Maersk Line
42
Mediterranean Shipping Company (MSC)
53
CMA CGM
59
Evergreen Line
68
COSCO Container Lines Company (COSCON)
76
Macroeconomic Forecasts
84
Economic Analysis
84
Table: Economic Activity (Estonia 2010-2019)
88
Demographic Forecast
89
Table: Population Headline Indicators (Estonia 1990-2025)
90
Table: Key Population Ratios (Estonia 1990-2025)
90
Table: Urban/Rural Population & Life Expectancy (Estonia 1990-2025)
91
Table: Population By Age Group (Estonia 1990-2025)
91
Table: Population By Age Group % (Estonia 1990-2025)
92

The Estonia 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 Estonia.

BMI's Estonia 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 Estonia.

Key Benefits

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

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