Business Monitor International


Latvia Shipping Report

Published 01 April 2014

  • 119 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Latvia Shipping Report

The port of Riga is set to hold the top position in Latvia's maritime sector in terms of both total tonnage and container throughput in 2014, with growth 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.

Over the medium term, we project further container throughput growth at the port of Riga and total 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 2.0%; over the medium term we project an 8.0% increase.

  • 2014 port of Riga container throughput forecast to grow 5.0%; over the medium term we project a 25.0% increase.

  • 2014 total trade growth forecast at 1.0%.

Key Industry Trends

A Year of Growth Ahead while Payments into Budget Increase: The Freeport of Riga Authority expects that cargo volumes through the port will not decrease in 2014. BMI also is optimistic on Riga's perspective, forecasting growth in 2014 and over the medium term. Meanwhile, the port will not start charging more for its services, even though it now has to make payments into the state budget for the use of state infrastructure.

Risks T o 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 of the World Trade Organization, on the back of which Latvian ports expect to tranship more of its neighbour's imports and...

Table of Contents

BMI Industry View
7
SWOT
9
Shipping
9
Business Environment
11
Economic
12
Political
13
Industry Forecast
14
Port Of Riga Throughput
14
Port of Ventspils Throughput Outlook
24
Table: Major Port Data
31
Table: Trade Overview
32
Table: Key Trade Indicators
32
Table: Main Import Partners (US$mn)
33
Market Overview
35
Latvia Container Shipping Overview
35
Industry Trends And Developments
45
Latvia Company Profile
48
Latvian Shipping Company (LASCO)
48
Global Industry Overview - Container Shipping
52
Demand: Global Box Outlook Brightening
52
Supply: Overcapacity To Remain As More Megas Saturate The Market
63
Table: Container Line Mega-Vessel Newbuild Plans
65
Rates: A Strong Start, But Rate Management Must Continue
68
Table: 2012 SCFI Europe Base Port Average Freight Rate Overview
72
Table: 2012 SCFI USWC Base Port Average Freight Rate Overview
72
Global Industry Overview - Dry Bulk Shipping
73
Demand: Stimulus Blip Playing Out, But For How Long-
73
Supply: Dry Bulk Fleet growth Slipping, But Overcapacity Still A Problem
78
Table: China Iron Ore Trade Partners Overview
84
Table: China Coal Trade Partners Overview
84
Global Industry Overview - Liquid Bulk Shipping
85
Improving Fundamentals In Dirty Tanker Market
85
Tonne-Mile Growth To Support Product Tanker Sector
88
LNG Boom To Stall In 2013
91
Global Company Strategy
94
Maersk Line
94
Mediterranean Shipping Company
103
CMA CGM
108
Evergreen Line
116
COSCO Container Lines Company
122
Hapag-Lloyd
129
Hanjin Shipping
135
APL
140
China Shipping Container Line (CSCL)
147
Mitsui OSK Lines
154
Macroeconomic Forecasts
159
GDP By Expenditure Breakdown
160
Table: Latvia - Economic Activity
164
Demographic Forecast
165
Table: Latvia's Population By Age Group, 1990-2020 ('000)
166
Table: Latvia's Population By Age Group, 1990-2020 (% of total)
167
Table: Latvia's Key Population Ratios, 1990-2020
168
Table: Latvia's Rural And Urban Population, 1990-2020
168

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.

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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