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Brazil Shipping Report Q2 2015

Brazil Shipping Report Q2 2015

Date Published: Feb 25 2015
Despite a poor business environment, weak consumer confidence and a lacklustre external environment, the Brazilian shipping industry is set to perform well over both the short and medium terms. A nascent policy shift will gradually regain investor confidence following years of unorthodox economic policies, but will be slow to translate into a significant uptick in growth.
 
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Philippines Shipping Report Q2 2015

Philippines Shipping Report Q2 2015

Date Published: Feb 25 2015
Manila International Container Terminal (MICT), the Philippines' top container facility in terms of box throughput, is set to continue holding this position in the country's maritime sector in 2015, with BMI forecasting further steady growth over the course of the year. Freight volumes at the port of Cebu, one of the country's largest facilities in terms of total throughput handled, are also expected to increase. Over the medium term, growth will continue at a steady rate at both MICT and the port of Cebu.
 
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Venezuela Shipping Report Q2 2015

Venezuela Shipping Report Q2 2015

Date Published: Feb 18 2015
The situation within the wider Venezuelan economy is set to have a detrimental effect on our shipping forecasts for the country over at least the short term. Following another significant downgrade to our oil price forecasts, we have downwardly adjusted our expectations for Venezuelan growth in 2015 and 2016. We now expect that the recession that began in 2014 will become even more pronounced in 2015, and negative growth will persist into 2016.
 
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Canada Shipping Report Q2 2015

Canada Shipping Report Q2 2015

Date Published: Feb 18 2015
The country's two largest ports - Port Metro Vancouver and the Port of Montreal - are both set to see healthy growth in terms of both the tonnage and container spheres, echoing the positive growth expected to occur in the wider Canadian economy. Indeed, total trade growth, buoyed by exports, will return to the positive in 2015 following two years of contractions.
 
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Vietnam Shipping Report Q2 2015

Vietnam Shipping Report Q2 2015

Date Published: Feb 18 2015
Our forecasts from the previous quarter remain in place; and we expect the port of Ho Chi Minh City to lead the way in terms of tonnage throughput handled in 2015. The port of Da Nang, however, is expected to outperform the larger Ho Chi Minh City port in terms of box sphere growth (10% compared to 8% respectively).
 
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China Shipping Report Q2 2015

China Shipping Report Q2 2015

Date Published: Feb 18 2015
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Argentina Freight Transport Report Q2 2015

Argentina Freight Transport Report Q2 2015

Date Published: Feb 18 2015
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Colombia Shipping Report Q2 2015

Colombia Shipping Report Q2 2015

Date Published: Feb 18 2015
BMI forecasts an expansion in container and gross tonnage handling across all Colombian ports in 2015, cementing a return to growth following a 2013 downturn. That said, domestic container demand will be more muted than we expected, as falling oil prices will weigh on economic growth. We have revised down our real GDP forecast for 2015 from 4.9% to 3.9%, and our Cartagena container throughput forecasts correspondingly.
 

Headline Industry Data 

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Australia Freight Transport Report Q2 2015

Australia Freight Transport Report Q2 2015

Date Published: Feb 18 2015
Australia's current account picture is gradually improving despite deteriorating terms of trade, the result of higher export volumes and lower income outflows, the former providing welcome news for the Australia freight industry. Going forward we maintain that a current account surplus is likely as the Australian dollar depreciates, but this will increasingly be driven by lower imports, to the detriment of the domestic economy.
 
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Egypt Shipping Report Q2 2015

Egypt Shipping Report Q2 2015

Date Published: Feb 18 2015
The outlook for the Egyptian shipping sector is positive and we forecast a period of growth across the country's ports. The political situation in the country is quiescent following the election of Field Marshall Sisi to the presidency in 2014 and we expect investment to begin to flow into the country once more. Fundamentally, strikes at the country's ports have diminished, and a number of expansions are under way once more.
 
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Belgium Freight Transport Report Q2 2015

Belgium Freight Transport Report Q2 2015

Date Published: Feb 18 2015
Following a year in which BMI believes saw increasing volumes across the whole of Belgium's freight transport sector, with the port of Antwerp posting its highest ever throughput figures, 2015 will signal further growth in all freight modes in line with the country's macroeconomic outlook.
 
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Malaysia Shipping Report Q2 2015

Malaysia Shipping Report Q2 2015

Date Published: Feb 18 2015
Continuing, albeit slower, economic expansion and trade will support activity levels in Malaysia's main ports in 2015. Port Klang and Port Tanjung Pelepas further benefit from expansion projects and developments which have been completed over the last two years. BMI is predicting a slowdown in Malaysian economic growth in 2015, with GDP rising by 4.2%, compared to an estimated 5.8% in 2014. The slowdown reflects weaker domestic consumption and export demand.
 
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Czech Republic Freight Transport Report Q2 2015

Czech Republic Freight Transport Report Q2 2015

Date Published: Feb 18 2015
Czech Republic's freight transport sector will continue growth in 2015 in line with the country's improving economic outlook, following a year in which BMI believes saw increases in volumes across the whole sector. Total trade is projected to maintain growth in real terms, with our Country Risk desk forecasting a year-onyear (y-o-y) increase of 4.6% in 2015, following an estimated growth of 6.24% in 2014.
 
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Nigeria Shipping Report Q2 2015

Nigeria Shipping Report Q2 2015

Date Published: Feb 18 2015
Nigeria's biggest ports are set for modest growth in 2015, with the Port of Lagos forecast to grow 2.0% year-on-year (y-o-y), which is slightly below growth rates at the ports of Harcourt and Tincan Island (2.5% and 2.4%, respectively). Meanwhile, the Port of Sapele is leading the way in terms of y-o-y growth, with 3.0% growth expected. Nigerian seaports registered a 12.5% year-on-year (y-o-y) rise in cargo throughput to 22.3mn metric tonnes in Q314, compared to 19.8mn metric tonnes in Q313, according to the Nigerian Ports Authority (NPA).
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Hungary Freight Transport Report Q2 2015

Hungary Freight Transport Report Q2 2015

Date Published: Feb 18 2015
Czech Republic's freight transport sector will continue growth in 2015 in line with the country's improving economic outlook, following a year in which BMI believes saw increases in volumes across the whole sector. Total trade is projected to continue picking up in real terms, with our Country Risk desk forecasting a yearon- year (y-o-y) increase of 3.94% in 2015, following an estimated growth of 8.08% in 2014.
 
$1,295.00
Oman Shipping Report Q2 2015

Oman Shipping Report Q2 2015

Date Published: Feb 18 2015
The outlook for Oman's shipping sector is mixed. The port of Salalah is expected to endure a third consecutive year of decline in 2015, but the port of Sohar will enjoy extraordinary growth once more. This is largely due to the transfer of operations from Sultan Qaboos, but continued investment into new dry bulk industries will also prompt strong growth. Despite the at-times challenging outlook, Oman continues to invest in its maritime facilities.
 

Headline Industry Data 

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Philippines Freight Transport Report Q2 2015

Philippines Freight Transport Report Q2 2015

Date Published: Feb 18 2015
While the Philippines will continue to run a trade deficit, sustained robust growth in services exports will allow the country to generate a current account surplus with this growth providing a spur for the country's freight industry. We forecast the country's current account surplus to rise to 3.8% of GDP in 2015 from an estimated 3.7% in 2014.
 
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Poland Shipping Report Q2 2015

Poland Shipping Report Q2 2015

Date Published: Feb 18 2015
We continue to expect a strong performance from Polish ports in 2015. GDP expansion, a continuing trade recovery (despite some worries over export demand), the beneficial effects of capacity expansion, and Poland's important gateway role will support growth. Both key ports - Gdansk and Gdynia - will see tonnage and box traffic rising in the 6-8% range.
 
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Canada Freight Transport Report Q2 2015

Canada Freight Transport Report Q2 2015

Date Published: Feb 18 2015
We envisage fairly muted growth for Canadian freight in 2015 as lower oil prices are expected to curtail export growth over the coming 12 months. However, manufactured goods exports will increasingly pick up the slack, ensuring a secular decline of the current account shortfall and, by extension, providing some positivity for Canada's freight industry.
 
$1,295.00
Poland Freight Transport Report Q2 2015

Poland Freight Transport Report Q2 2015

Date Published: Feb 18 2015
$1,295.00

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