Venezuela Shipping Report

Published 29 April 2015

  • 93 pages
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$1,295.00
Venezuela Shipping Report

BMI View: We envisage a quite torrid 12 months for Venezuela 's shipping industry, with the country's two main ports (Cabello and La Guaira) both set to register contractions across box and tonnage throughput. We continue to believe that the recession that began in 2014 will become even more pronounced in 2015, and negative growth will persist into 2016, with the shipping industry not strong enough to withstand these headwinds.

The country's largest port by some margin is Puerto Cabello, is set to once more see growth reverse, indeed positive year-on-year (y-o-y) growth has not been achieved at the facility since 2012. Similarly, the port of La Guaira will struggle in 2015 with both container and tonnage throughput shrinking by 1% which is, nevertheless, an improvement on 2014's performance.

Infrastructure projects in Venezuela and Ecuador are heavily funded by the government as their hostile business environment has deterred and actively rejected private investment in the sector. Declining government revenue - as a result of falling oil prices - will likely see the delay and cancellation of projects, particularly those currently in the planning stage, with the ports sector set to suffer as a result. In addition, as Venezuela and Ecuador have very limited access to international capital markets, we expect their dependence on Chinese funding to considerably increase for as long as oil prices remain low.

Headline Industry Data

  • 2015 Puerto Cabello tonnage throughput growth is forecast to contract by 0.50%.

  • 2015 Puerto Cabello container throughput to contract by 2.00%.

  • 2015 Port of La Guaira tonnage throughput growth forecast to contract by 1.00%.

  • 2015 Port of La Guaira container throughput to shrink by 1.00%.

Key Industry Trends

Venezuela To Pay Compensation To Tidewater - In March 2015, Hellenic Shipping News reported that the Venezuelan government has agreed to pay compensation to oil service company Tidewater relating to a seizure of vessels in...

Table of Contents

BMI Industry View
5
SWOT
7
Shipping
7
Political
9
Economic
10
Operational Risk
11
Industry Forecast
13
Puerto Cabello Throughput
13
Port Of La Guaira Throughput
17
Table: Major Ports Data (2012-2019)
20
Table: Trade Overview (2012-2019)
21
Table: Key Trade Indicators (2012-2019)
21
Table: Venezuela's Top Import Destinations, 2006-2013 (USDmn)
22
Table: Venezuela's Top Export Destinations, 2006-2013 (USDmn)
23
Market Overview
24
Venezuela
24
Company Profile
32
Petr-leos de Venezuela Marina
32
Shipping - Global Industry View
35
Three Container Routes To Watch In 2015
35
Global Company Strategy
42
Maersk Line
42
Mediterranean Shipping Company (MSC)
53
CMA CGM
59
Evergreen Line
68
COSCO Container Lines Company (COSCON)
76
Macroeconomic Forecasts
84
Economic Analysis
84
Demographic Forecast
89
Demographic Outlook 2015
89
Table: Population Headline Indicators (Venezuela 1990-2025)
90
Table: Key Population Ratios (Venezuela 1990-2025)
90
Table: Urban/Rural Population & Life Expectancy (Venezuela 1990-2025)
91
Table: Population By Age Group (Venezuela 1990-2025)
91
Table: Population By Age Group % (Venezuela 1990-2025)
92

The Venezuela 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 Venezuela.

BMI's Venezuela 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 Venezuela.

Key Benefits

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