Romania Shipping Report

Published 28 May 2015

  • 87 pages
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  • Includes 3 free updated quarterly reports
$1,295.00
Romania Shipping Report

Romania's main maritime facility, the port of Constantza, once again will see steady growth in 2015, according to BMI forecasts, both in terms of total tonnage and container throughput, in line with the country's continued economic recovery and despite tepid eurozone demand limiting exports to the region.

We expect, however, that low inflation, cheap borrowing costs and improving labour market conditions will conspire to drive a recovery in private consumption, which will play an increasingly large role driving growth and supporting freight volumes at the country's ports.

We forecast further growth at the port of Constantza and the recovery of its pre-downturn total throughput volumes over the medium term. Container throughput, however, is projected to remain below 2007-2008 level.

Headline Industry Data

  • 2015 port of Constantza tonnage throughput forecast to grow 4%, over the medium term we project a 21% increase.

  • 2015 port of Constantza container throughput forecast to grow 4%, over the medium term we project a 20% increase.

  • 2015 total trade growth forecast at 5.75%.

Key Industry Trends

ADM Enhances Europe an Presence by Acquisition at Constantza: Commodity trader Archer Daniels Midland (ADM) acquired complete ownership of North Star Shipping and Minmetal in May 2015 to enhance its European origination and logistics network by adding export facilities at the port of Constantza. The target companies operate grain elevators and bulk commodity storage and warehousing, also offering port services, stevedoring operations and a shipping agency at the mouth of the Danube River. ADM was previously a partner in both North Star and Minmetal, owning some 45% of the Constantza assets.

Risks t o Outlook

The potential for growth at the country's ports stems from BMI's positive outlook on the Romanian economy. Container throughput will be driven by the country's consumers, with consumer demand in Romania forecast to strengthen. The country's real GDP is...

BMI Industry View
5
SWOT
7
Shipping
7
Political
8
Economic
9
Operational Risk
10
Industry Forecast
12
Port Of Constantza Throughput - Romania - Q3 2015
12
Table: Major Ports Data (Romania 2012-2019)
17
Table: Trade Overview (Romania 2012-2019)
18
Table: Key Trade Indicators (Romania 2012-2019)
18
Table: Romania's Top Import Sources, 2006-2013 (USDmn)
19
Table: Romania's Top Export Destinations, 2006-2013 (USDmn)
20
Market Overview
21
Romania Container Shipping Market Overview
21
Shipping - Global Industry View
26
Three Container Routes To Watch In 2015
26
Global Company Strategy
33
Maersk Line
33
Mediterranean Shipping Company (MSC)
44
CMA CGM
50
Evergreen Line
59
COSCO Container Lines Company (COSCON)
67
Macroeconomic Forecasts
75
Economic Analysis
75
Table: Economic Activity (Romania 2010-2019)
82
Table: Real GDP By Expenditure Breakdown
82
Demographic Forecast
83
Table: Population Headline Indicators (Romania 1990-2025)
84
Table: Key Population Ratios (Romania 1990-2025)
84
Table: Urban/Rural Population & Life Expectancy (Romania 1990-2025)
85
Table: Population By Age Group (Romania 1990-2025)
85
Table: Population By Age Group % (Romania 1990-2025)
86

The Romania 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 Romania.

BMI's Romania 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 Romania.

Key Benefits

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