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Russia Shipping Report Q1 2011


Russia Shipping Report Q1 2011

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Price $530.00
Meta Description No
Publisher Business Monitor International
Date of Report Aug 1, 2011
Quick Overview
Having beaten the downturn by posting growth in 2009, the port of Novorossiysk has instead been hit in2010, when its Russian peers are starting to recover. January-October data record a year-on-year (y-o-y)decline of 12%. This fall is partly attributable to the country's grain export ban, the shipment of whichNovorossiysk caters for.
While total throughput volumes might be down, the port's box throughput has been rocketing. January-October 2010 throughput volumes were up 95% y-o-y, indicating that the port is seeking to diversify itsclient base after its grain shipment sector was hit.
BMI's country risk desk is forecasting a positive outlook for the country in 2011, with GDP growth of4.3% projected in 2011. This optimistic outlook is feeding through into our throughput forecasts at thenation's ports. 2011 according to our forecasts will see total throughput at Novorossiysk begin to recoverfrom the projected decline in 2010, while the port's box volumes are predicted to reach historical highs.At Russia's largest container port, the port of St Petersburg, BMI predicts that 2011 will be the year thatboth box volumes and total throughput return to pre-downturn levels, creating a strong base from whichthroughput volumes are expected to continue increasing in the mid term.
Headline Industry Data
?? 2011 port of Novorossiysk tonnage throughput forecast +1.8%, following projected decline of4.46% in 2010.
?? 2011 port of St Petersburg container throughput forecast +9.28% following projected growth of40.8% in 2010.?? 2011 total trade growth forecast at 6%.
Key Industry Trends
NSR Brings Russia And China Closer - The growing importance of the Northern Sea Route, offeringRussia a quicker link to the Chinese and Asian markets, is leading to major investment on both the portand shipping fronts. The port of Murmansk stands to develop most from the increased interest. While inthe short term we believe that the majority of the shipments will be from Russia to Asia, mainly Chinaand oil and gas related, with the nation's main tanker operator, Sovcomflot, expanding its exposure to theNSR in the long term, if ice-free summers continue, Murmansk could develop its container potential withgoods shipped from China to Russia along a quicker route.
International Terminal Operators Eye Russian Ports - With both DP World and Gulftainer enteringRussia, surely their peers will follow. Privatisation of port stakes in the country could spur other boxterminal operators getting involved, although Russia does have its own terminal operators and socompetition could be fierce.
Risks To Outlook
A sudden change in trade strategy in Moscow could quickly work its way down to port level, an issuedisplayed at the port of Novorossiysk, where throughput has been hit by Russia's grain-export ban. Nonews as of yet as to how long the ban will be in place, but it looks as though it will continue to have anegative impact at the port of Novorossiysk, at least into the middle of 2011, therefore offering downsiderisk to our current forecast. To mitigate this type of risk ports need to diversify and not be too reliant onone form of cargo.
Table of Contents
Executive Summary ........................................................................................................................................ 5
SWOT Analysis ................................................................................................................................................ 7
Russia Shipping SWOT ......................................................................................................................................................................................... 7
Global Overview .............................................................................................................................................. 8
Container Shipping Overview .................................................................................................................................................................................... 8
Dry Bulk Shipping Overview .................................................................................................................................................................................... 18
Liquid Bulk Overview .............................................................................................................................................................................................. 24
Industry Trends And Developments ............................................................................................................ 28
Market Overview ............................................................................................................................................ 31
Russia Dry Bulk Overview ....................................................................................................................................................................................... 31
Industry Forecast .......................................................................................................................................... 37
Table: Major Port Data ...................................................................................................................................................................................... 39
Table: Trade Overview ....................................................................................................................................................................................... 40
Table: Key Trade Indicators ............................................................................................................................................................................... 41
Table: Main Import Partners .............................................................................................................................................................................. 43
Table: Main Export Partners .............................................................................................................................................................................. 43
Company Profiles .......................................................................................................................................... 44
A.P. M├śLLER-MAERSK .................................................................................................................................................................................... 44
Mediterranean Shipping Company (MSC) .......................................................................................................................................................... 52
CMA CGM .......................................................................................................................................................................................................... 55
Neptune Orient Lines (& APL) ........................................................................................................................................................................... 60
Hapag-Lloyd ....................................................................................................................................................................................................... 65
Evergreen Line ................................................................................................................................................................................................... 68
China Ocean Shipping (Group) Company (COSCO) .......................................................................................................................................... 72
CSAV Shipping ................................................................................................................................................................................................... 77
China Shipping (CSCL) ...................................................................................................................................................................................... 81
Hanjin Shipping .................................................................................................................................................................................................. 85
Mitsui OSK Lines (MOL) .................................................................................................................................................................................... 91
Nippon Yusen Kabushiki Kaisha (NYK) .............................................................................................................................................................. 96




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