Romania Shipping Report

Published 19 August 2015

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$1,295.00
Romania Shipping Report

BMI View: BMI is holding with its throughput forecasts for the Romanian port of Constantza for 2015 2016. We highlight however that the continued focus and investment at the port's dry bulk operations offers upside risk to these projections and over our medium term outlook.

We forecast growth in the port's total tonnage and container volumes will strengthen y-o-y in both 2015 and 2016. In 2015 we project the port's total tonnage volumes will expand by 3.7% to reach 57.7mn tonnes, a strengthening on the 0.9% y-o-y increase recorded in 2014. Container volumes at the port are estimated to expand by 3.8% in 2015 up from the 1.08% y-o-y increase recorded in 2014. 2016 will witness a further expansion in y-o-y growth in throughput at the port, with tonnage volumes projected to tick up by 4.1% and box volumes predicted to increase by 3.9%. This will see the port handle a forecast 60.1mn tonnes and 720,603TEUs in 2016.

Headline Industry Data

  • 2015 port of Constantza tonnage throughput forecast to grow 3.7%.

  • 2015 port of Constantza container throughput forecast to grow 3.8%.

  • 2015 total trade growth forecast at 5.75%.

Key Industry Trends

Further Focus On Dry Bulk: Commodity trader's Archer Daniels Midland (ADM) acquisition for complete ownership of North Star Shipping and Minmetal in May 2015 will enable it to streamline its operations, with the company having greater control over its supply chain. This streamlining will enable it to transport more agri products and will have a positive impact on throughput at the port of Constantza, where the company will control 10 berths.

Risks to Outlook

The focus and investment that is underway at the port of Constantza's dry bulk operations offers upside risk to our medium term forecasts. ADM is the latest agribusiness company to acquire assets at the port. The company joins Canopus Star, a joint venture between grain trader Cargill Inc. and freight handler Transport Trade Services (TTS) and Nidera, who already...

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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