Business Monitor International


Nigeria Shipping Report

Published 19 November 2014

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

We believe that restrictions on movement in West Africa at the time of writing, as a result of the Ebola outbreak, will disrupt economic activity and lead to major delays and increased supply chain costs for shippers in transporting their goods to and from the region, which will result in downside risks being presented to our forecasts over the short term.

The restrictions on movement introduced in four West African countries - Liberia, Guinea, Sierra Leone and Nigeria - are causing severe delays to supply chains, and consequently adding an excess financial burden to the movement of goods. The contact-borne virus Ebola has swept through West Africa, resulting in 1,427 deaths and 2,615 infections since March 2014.

On August 25 2014, the Democratic Republic of the Congo (DRC) became the fifth country to have confirmed cases of the deadly virus. Shipping authorities are restricting shore leave and crew changes for vessels calling at their ports, which inevitably delays turnaround times. In addition, port-mandated vessel inspections have created a backlog at most ports. For example, The Ivory Coast Port Health Department has imposed compulsory health checks on all vessels that have called in countries affected by Ebola, while at anchorage at Abidjan. However, the Ivorian health inspectors and quarantine teams can only check two vessels a day - leading to lengthy delays at the port.

Leading the way in terms of year-on-year (y-o-y) growth at Nigeria's major ports in 2015 is set to be the port of Lagos with y-o-y growth pencilled in of 5.86%. Port Harcourt is set to be just behind with y-o-y tonnage throughput growth of 5.60%. Meanwhile, the smaller port of Sapele will see the best growth overall, although it is considerably smaller than, for instance, Lagos and Harcourt, at 6.66% y-o-y.

Headline Industry Data

  • 2015 port of Lagos tonnage throughput is forecast to increase by 5.86%.

  • 2015 port Harcourt tonnage throughput is forecast to increase by 5.60%.

  • 2015 port...

Table of Contents

BMI Industry View
5
SWOT
8
Shipping
8
Political
11
Economic
12
Business Environment
13
Industry Forecast
14
Port Of Lagos Throughput
14
Table: Major Port Data, 2011-2018
16
Table: Trade Overview, 2011-2018
17
Table: Key Trade Indicators, 2011-2018
18
Table: Top Import Destinations, 2004-2012, USDmn
19
Table: Top Export Destinations, 2004-2012, USDMn
21
Market Overview
22
Nigeria Container Shipping Market Overview
22
Industry Trends And Developments
30
Shipping - Global Industry View
37
Container Demand:
37
Container Supply:
44
Container Rates:
50
Global Company Strategy
54
Maersk Line
54
Mediterranean Shipping Company (MSC)
67
CMA CGM
72
Evergreen Line
82
COSCO Container Lines Company (COSCON)
89
Macroeconomic Forecasts
96
Economic Analysis
96
Table: Nigeria - GDP by Expenditure
100
Demographic Forecast
102
Table: Nigeria's Population By Age Group, 1990-2020 ('000)
103
Table: Nigeria's Population By Age Group, 1990-2020 (% of total)
104
Table: Nigeria's Key Population Ratios, 1990-2020
105
Table: Nigeria's Rural And Urban Population, 1990-2020
105

The Nigeria 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 Nigeria.

BMI's Nigeria 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 Nigeria.

Key Benefits

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