Latvia Shipping Report

Published 08 June 2015

  • 106 pages
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$1,295.00
Latvia Shipping Report

BMI View: Latvia's port of Riga, the country's top facility in terms of both total tonnage and box throughput, is forecast to continue growth in 2015, after a double-digit increase in tonnage and continued, though more moderate, growth in container throughput over the past year. Riga's total tonnage is still being supported by high transit volumes of oil products and dry bulk, while its stable position in terms of box throughput is enhanced by a robust increase in volumes over the last five years. We expect further throughput growth at the port of Riga over the medium term. At the same time , Ventspils, the country's second - largest port in terms of total throughput, will struggle to resume growth after having suffered two years of decline in freight volumes in 2013-2014.

Headline Industry Data

  • 2015 port of Riga tonnage throughput forecast to grow 2.8%, over the medium term we project a 9.8% increase.

  • 2015 port of Riga container throughput forecast to grow 0.6%, over the medium term we project a 7.5% increase.

  • 2015 total trade growth forecast at 1.5%.

Key Industry Trends

Fighting for Transits and Investment: Latvia is continuing its attempts to attract additional foreign investment and freight transits into its port sector, trends which were underlined during the spring by a delegation of investors from India visiting the port of Riga, as well as the Belarusian Oil Company (BOC), which signed an agreement of intent aiming to organise the transhipment of Belarusian oil products via the port. In addition, Latvia's transport minister has reiterated that the country is open to Chinese investment into its transport sector, including port infrastructure.

Risks to Outlook

The base for container throughput growth at Latvia's ports stems in part from BMI's positive outlook for the country's economy, with real GDP growth of 2.0% anticipated for 2015. Our positive medium-term forecast for Latvia's ports' box throughput also holds upside risks, with...

BMI Industry View
7
SWOT
9
Shipping
9
Political
10
Economic
11
Operational Risk
12
Industry Forecast
13
Port Of Riga Throughput
13
Table: Major Ports Data (Latvia 2012-2019)
23
Table: Trade Overview (Latvia 2012-2019)
24
Table: Key Trade Indicators (Latvia 2012-2019)
24
Table: Top Import Partners, 2006-2013 (USDmn)
25
Table: Top Export Destinations, 2006-2013 (USDmn)
26
Market Overview
27
Latvia Container Shipping Market Overview
27
Company Profile
38
Latvian Shipping Company
38
Shipping - Global Industry View
41
Three Container Routes To Watch In 2015
41
Global Company Strategy
48
Maersk Line
48
Mediterranean Shipping Company (MSC)
59
CMA CGM
65
Evergreen Line
74
COSCO Container Lines Company (COSCON)
82
Excel Maritime Carriers
90
DryShips
93
Macroeconomic Forecasts
98
Economic Analysis
98
Table: GDP By Expenditure (Latvia 2012-2019)
101
Demographic Forecast
102
Table: Population Headline Indicators (Latvia 1990-2025)
103
Table: Key Population Ratios (Latvia 1990-2025)
103
Table: Urban/Rural Population & Life Expectancy (Latvia 1990-2025)
104
Table: Population By Age Group (Latvia 1990-2025)
104
Table: Population By Age Group % (Latvia 1990-2025)
105

The Latvia 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 Latvia.

BMI's Latvia 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 Latvia.

Key Benefits

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