Business Monitor International


Latvia Shipping Report

Published 01 April 2014

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

The port of Riga, which holds the top position in Latvia's maritime sector in terms of both total tonnage and container throughput, is set to post growth in 2014, with increases forecast both in total cargo and box volumes. 

Riga has a strong position to build on in 2014 in terms of box throughput, enhanced by robust increase in volumes over the last four years, and in terms of tonnage throughput, which demonstrated strong growth at the beginning of the year.

Over the medium term, we project further throughput growth at the port of Riga and tonnage throughput growth at Ventspils, the country's second largest port in terms of the total throughput, which will try to resume recovery to its pre-downturn tonnage levels. 

Headline Industry Data

  • 2014 port of Riga tonnage throughput forecast to grow 15%; over the medium term we project a 22% increase.

  • 2014 port of Riga container throughput forecast to grow 3%; over the medium term we project a 17% rise.

  • 2014 total trade growth forecast at 1.25%.

Key Industry Trends

Mariner To Invest EUR20mn in Riga Expansion Plans: Baltic Container Terminal's Malta-based owner Mariner is injecting EUR20mn in expanding its facility at the port of Riga. Through the expansion, the company intends to tap opportunities from the Baltic, Adriatic and Black Sea regions, the UK and the Mediterranean. The investment will be used to boost the yard capacity and acquiring additional equipment and doubling its warehousing facilities.

Risks To Outlook

The base for container throughput growth at Latvia's ports stems in part from BMI's positive outlook for the country's economy, with real GDP growth of 3.5% anticipated for 2014. Our positive medium-term forecast for Latvia's ports' box throughput also holds upside risks, with Latvia getting better connected, displaying a solid domestic demand outlook and developing its role as a gateway for cargo to and from Russia and Central Asia. This upside risk is further enhanced by Russia's membership...

Table of Contents

BMI Industry View
7
SWOT
9
Shipping
9
Political
10
Economic
11
Business Environment
12
Industry Forecast
13
Port Of Riga Throughput
13
Table: Major Ports Data, 2011-2018
24
Table: Trade Overview, 2011-2018
25
Table: Key Trade Indicators, 2011-2018
25
Table: Top Import Partners, 2004-2012
27
Table: Top Export Destinations, 2004-2012
27
Market Overview
29
Latvia Container Shipping Market Overview
29
Industry Trends And Developments
40
Latvia Company Profile
42
Latvian Shipping Company
42
Shipping - Global Industry View
46
Container Demand:
46
Container Supply:
53
Container Rates:
59
Global Company Strategy
63
Maersk Line
63
Mediterranean Shipping Company (MSC)
76
CMA CGM
81
Evergreen Line
91
COSCO Container Lines Company (COSCON)
98
Macroeconomic Forecasts
105
Economic Analysis
105
Real GDP By Expenditure Breakdown
107
Risks To Outlook
111
Table: Economic Activity (Latvia 2009-2018)
111
Demographic Forecast
112
Table: Latvia's Population By Age Group, 1990-2020 ('000)
113
Table: Latvia's Population By Age Group, 1990-2020 (% of total)
114
Table: Latvia's Key Population Ratios, 1990-2020
115
Table: Latvia's Rural And Urban Population, 1990-2020
115

The Latvia 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 Latvia.

BMI's Latvia 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 Latvia.

Key Benefits

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