Nigeria Shipping Report

Published 20 April 2015

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

BMI View: Although Nigeria's wider economy is characterised by an overreliance on oil exports and lack of domestic pr oductive capacity, the former does provide upside risk to our forecasts going forward, with Nigerian ports set to re ap the benefits over the medium term.

Modest growth will be the order of the day in 2015 across Nigeria's main ports, with the port of Sapele set to lead the way in terms of year-on-year (y-o-y) growth (3.00%). Meanwhile, the country's largest port in Lagos is poised to register y-o-y gains of 2.00%, which is slightly below growth rates at the ports of Harcourt and Tincan Island (2.5% and 2.5%, respectively).

We have recently revised down our growth forecasts for Nigeria, to reflect our view that lower oil export revenue will lead to a reduction in both private consumption and fixed investment this year and next. We are now well below consensus on growth for both years, at 3.9% in 2015 and 4.0% in 2016, compared to Bloomberg consensus forecasts of 4.9% and 5.7% respectively (and our previous 5.6% and 5.7% forecasts).

Headline Industry Data

  • 2015 port of Lagos (Apapa) tonnage throughput is forecast to increase by 2.00% to reach 23.27mn tonnes.

  • 2015 port of Harcourt tonnage throughput is forecast to increase by 2.50% to reach 5.33mn tonnes.

  • 2015 port of Tincan Island throughput is forecast to increase by 2.40% to reach 17.22mn tonnes.

  • 2015 total trade is forecast to contract by 14.28%.

Key Industry Trends

President Vows To Open More Inland Ports To Ease Lagos Congestion: Then President Goodluck Jonathan said that the Nigerian government aims to open more inland ports in the country to ease congestion at terminals in Lagos, it was reported in early March 2015 by Customs Today.

Transport Investment Indicates Logistics Potential : Nigeria, Angola and Ghana need to invest more to maintain their competitiveness, according to our Infrastructure Key Projects Database and Logistics Risk Index. Transport infrastructure...

Table of Contents

BMI Industry View
5
SWOT
8
Shipping
8
Political
11
Economic
12
Business Environment
13
Industry Forecast
14
Port Of Lagos Throughput
14
Table: Major Port Data, 2011-2018
16
Table: Trade Overview, 2011-2018
17
Table: Key Trade Indicators, 2011-2018
18
Table: Top Import Destinations, 2004-2012, USDmn
19
Table: Top Export Destinations, 2004-2012, USDMn
21
Market Overview
22
Nigeria Container Shipping Market Overview
22
Industry Trends And Developments
30
Shipping - Global Industry View
37
Container Demand:
37
Container Supply:
44
Container Rates:
50
Global Company Strategy
54
Maersk Line
54
Mediterranean Shipping Company (MSC)
67
CMA CGM
72
Evergreen Line
82
COSCO Container Lines Company (COSCON)
89
Macroeconomic Forecasts
96
Economic Analysis
96
Table: Nigeria - GDP by Expenditure
100
Demographic Forecast
102
Table: Nigeria's Population By Age Group, 1990-2020 ('000)
103
Table: Nigeria's Population By Age Group, 1990-2020 (% of total)
104
Table: Nigeria's Key Population Ratios, 1990-2020
105
Table: Nigeria's Rural And Urban Population, 1990-2020
105

The Nigeria 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 Nigeria.

BMI's Nigeria 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 Nigeria.

Key Benefits

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

Senior Research Analyst, ABC International Bank plc