Greece Shipping Report

Published 01 June 2015

  • 117 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
$1,295.00
Greece Shipping Report

BMI View: The outlook for Greek ports and shipping has deteriorated since our last quarterly report, as the government engages in brinkmanship over its debt negotiations and sends confusing signals over the fate of the port privatisation programme. That said, Greek seaports and Piraeus in particular, are to some extent protected by their role as regional gateways, linked to European transit trade demand. We have become more pessimistic over throughput at Piraeus, but we still see positive growth both there and at Thessaloniki.

Since our last quarterly report the economic outlook for Greece has darkened. We have lowered our prediction for GDP growth in 2015 to 0.5% (down from 1.2% previously), which implies that the country's recovery (0.8% growth in 2014 after six years of recession) is beginning to waver. The problem, we believe, is that the new left-wing Syriza government is pursuing a policy of tactical brinkmanship over the country's debt negotiations with the main creditors, threatening radical moves and then backing down at the last moment. Whether this will succeed in gaining concessions is not clear, but it does seem to be rattling consumer and business confidence.

Economic sentiment peaked around August 2014 and has been trending down since. Retail sales peaked around October and have also been falling. Private consumption has been the main driver of the so-far modest economic revival, so the instability is taking a toll. In addition, an erratic policy on privatisation has worried investors and there is a growing liquidity crunch in the banking sector. However, we see only around a 25% chance of negotiations breaking down completely and leading to Greece leaving the eurozone in 2015. For the moment our core forecast is one of very low growth.

Headline Industry Data

  • In 2015 tonnage throughput at the port of Piraeus is forecast to grow 1.1% to 14.145mn tonnes; over the medium term to 2019 we project average annual growth of 2.9%.

  • 2015 port of...

BMI Industry View
7
SWOT
9
Shipping
9
Political
11
Economic
12
Operational Risk
13
Industry Forecast
14
Port Of Piraeus Throughput
14
Port Of Thessaloniki Throughput
22
Table: Major Ports Data (Greece 2012-2019)
26
Table: Trade Overview (Greece 2012-2019)
27
Table: Key Trade Indicators (Greece 2012-2019)
27
Table: Greece's Top Import Sources, 2006-2013 (USDmn)
28
Table: Greece's Main Export Partners, 2006-2013 (USDmn)
29
Market Overview
30
Greece Container Shipping Market Overview
30
Company Profile
38
Diana Containerships
38
Diana Shipping
40
Paragon Shipping
42
Navios Maritime Holdings
44
Shipping - Global Industry View
47
Three Container Routes To Watch In 2015
47
Global Company Strategy
54
Maersk Line
54
Mediterranean Shipping Company (MSC)
65
CMA CGM
71
Evergreen Line
80
COSCO Container Lines Company (COSCON)
88
Excel Maritime Carriers
96
DryShips
99
Macroeconomic Forecasts
104
Economic Analysis
104
Table: Economic Activity (Greece 2010-2019)
112
Demographic Data
113
Demographic Forecast
113
Table: Population Headline Indicators (Greece 1990-2025)
114
Table: Key Population Ratios (Greece 1990-2025)
114
Table: Urban/Rural Population & Life Expectancy (Greece 1990-2025)
115
Table: Population By Age Group (Greece 1990-2025)
115
Table: Population By Age Group % (Greece 1990-2025)
116

The Greece 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 Greece.

BMI's Greece 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 Greece.

Key Benefits

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