Business Monitor International


Greece Shipping Report

Published 02 October 2014

  • 136 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Greece Shipping Report

Slight Recovery On The Cards In 2014

In our view the Greek economy is slowly getting better, though it remains deeply scarred after six years of recession. We still believe 2014 will see the first year of positive growth since the crisis began. But we have scaled down our forecast to 0.2% GDP growth (down from +0.5% in our last quarterly shipping report). The driving factors behind this year's growth are the stabilisation of consumer spending, recovering confidence levels, and a little bit of lift from net exports. Everything else in the Greek economy remains pretty bad. Investment is very weak, government spending is tightly controlled, the banks are still too shaky to boost credit, and unemployment remains on a long-term high. So in our view the recovery, while important, will be a pretty limited affair. We are predicting GDP growth of 1.2% in 2016, but we still don't see the pace picking up beyond 1.5% per annum across the rest of our medium-term forecast period.

Greece's outward-looking shipping sector continues to be partly protected from the depressed domestic economy. European transit freight demand plays an important part in determining overall activity levels, as does investment in port facilities. Because of this, the Port of Piraeus has been able to show year-on-year (y-o-y) gains in both tonnage and container traffic since 2011 despite falling Greek GDP. We are keeping our box traffic growth forecast for this year in double-percentage digits. The Port of Thessaloniki, which has lacked the benefits of large new investment, has followed a rather more volatile path with some quite sharp contractions in volume. This year we see bulk tonnage falling again.

Headline Industry Data

  • 2014 port of Piraeus tonnage throughput forecast to grow 7.8% to 16.685mn tonnes; over the medium term, we project average annual growth of 6.2%.

  • 2014 port of Piraeus container throughput forecast to grow 25.0% to 3.954mn twenty-foot equivalent units (TEUs); over the medium...

Table of Contents

BMI Industry View
7
SWOT
10
Shipping
10
Political
12
Economic
13
Business Environment
14
Industry Forecast
15
Port Of Piraeus Throughput
15
Port Of Thessaloniki Throughput
23
Table: Major Ports Data (2011-2018)
27
Table: Trade Overview (Greece 2011-2018)
28
Table: Key Trade Indicators (Greece 2011-2018)
29
Table: Top Import Sources, 2004-2012, USDmn
30
Table: Main Export Partners, 2004-2012, USDmn
31
Market Overview
32
Greece Container Shipping Market Overview
32
Industry Trends And Developments
41
Company Profile
45
Diana Containerships
45
Diana Shipping
47
Paragon Shipping
50
Navios Maritime Holdings
53
Excel Maritime Carriers
58
DryShips
62
Shipping - Global Industry View
67
Container Demand:
67
Container Supply:
74
Container Rates:
80
Global Company Strategy
84
Maersk Line
84
Mediterranean Shipping Company (MSC)
97
CMA CGM
102
Evergreen Line
112
COSCO Container Lines Company (COSCON)
119
Macroeconomic Forecasts
126
Table: Greece - Economic Activity
130
Demographic Forecast
131
Demographic Outlook
131
Table: Greece's Population By Age Group, 1990-2020 ('000)
132
Table: Greece's Population By Age Group, 1990-2020 (% of total)
133
Table: Greece's Key Population Ratios, 1990-2020
134
Table: Greece's Rural And Urban Population, 1990-2020
134

The Greece Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'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 Greece.

BMI's Greece 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 Greece.

Key Benefits

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

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

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