Latvia Shipping Report

Published 22 December 2014

  • 114 pages
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$1,295.00
Latvia Shipping Report

The port of Riga, Latvia's top port in terms of both total tonnage and box throughput, is set to post growth in 2015, following a strong increases in tonnage and continued growth in container throughput over the past year.

Riga's total tonnage continues to be supported by high transit volumes of oil products, while strong position in terms of box throughput is further enhanced by a robust increase in volumes over the last five years.

Over the medium-term, we project further throughput growth at the port of Riga and tonnage throughput increases at Ventspils, the country's second largest port in terms of the total throughput, which will try to resume growth following declines in freight volumes seen over the past two years.

Headline Industry Data

  • 2015 port of Riga tonnage throughput forecast to grow 1.5%, over the medium-term (2015-2019) we project an annual average increase of 1.6%.

  • 2015 port of Riga container throughput forecast to grow 2.2%, over the medium-term we project an annual average increase of 3.2%.

  • 2015 total trade growth forecast at 1.5%.

Key Industry Trends

Riga Raises Fees: Changes in port fees were confirmed in which cargo or canal fees for incoming vessels has risen 6.85%. The previous increase in the Freeport of Riga's fees was back in 2016.

Port Throughput To Drop If Russian Transit Stops : Latvian Economy Minister Vjaceslavs Dombrovskis has warned that the country's ports and railway transport may very well decline if Russian transit is to halt given the current political situation between it and the West.

Key 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 2.2% anticipated for 2015. Our positive medium-term forecast for Latvia's ports' box throughput also holds upside risks with Latvia getting better connected, displaying a solid domestic demand outlook and developing its role as a gateway for cargo to and from...

Table of Contents

BMI Industry View
7
SWOT
9
Shipping
9
Political
10
Economic
11
Business Environment
12
Industry Forecast
13
Port Of Riga Throughput
13
Table: Major Ports Data, (Latvia 2011-2018)
24
Table: Trade Overview (Latvia 2011-2018)
25
Table: Key Trade Indicators (Latvia 2011-2018)
25
Table: Top Import Partners, 2004-2012
27
Table: Top Export Destinations, 2004-2012
27
Market Overview
29
Latvia Container Shipping Market Overview
29
Industry Trends And Developments
40
Company Profile
42
Latvian Shipping Company
42
Shipping - Global Industry View
46
Container Demand:
46
Container Supply:
54
Container Rates:
60
Global Company Strategy
63
Maersk Line
63
Mediterranean Shipping Company (MSC)
74
CMA CGM
80
Evergreen Line
91
COSCO Container Lines Company (COSCON)
99
Macroeconomic Forecasts
106
Economic Analysis
106
Real GDP By Expenditure Breakdown
108
Risks To Outlook
112
Table: Economic Activity (Latvia 2009-2018)
112
Demographic Forecast
113
Table: Latvia's Population By Age Group, 1990-2020 ('000)
114
Table: Latvia's Population By Age Group, 1990-2020 (% of total)
115
Table: Latvia's Key Population Ratios, 1990-2020
116
Table: Latvia's Rural And Urban Population, 1990-2020
116

The Latvia Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'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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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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