Business Monitor International


Turkey Shipping Report

Published 15 April 2014

  • 107 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Turkey Shipping Report

We forecast real GDP growth in Turkey of 1.5% and 3.0% in 2014 and 2015 respectively, well below consensus estimates of 2.3% and 3.5%. A tightening of global liquidity and domestic credit conditions has led to a visible slowdown in domestic demand, and we expect weak private consumption to be the main driver of slower growth, with net exports propping up total economic activity.

For 2014, just as like quarter, we continue to forecast that the Port of Ambarli will experience the highest year-on-year (y-o-y) tonnage throughput growth rate with growth of just under 10% anticipated (9.70%). This annual growth will very much outshine domestic rivals, such as the Port of Izmir (2.00%), Port of Derice (3.70%) and Port of Haydarpasa (4.33%).

Headline Industry Data

  • 2014 port of Ambarli tonnage throughput is forecast to grow 9.70%; over the medium term to 2018 we project average annual growth of 7.58%.

  • 2014 port of Ambarli container throughput is forecast to grow 4.56%; over the medium term we project annual average growth of 6.02%.

  • 2014 total trade growth forecast at 3.95%, down from an estimated 4.33% in 2013.

Key Industry Trends

Investment In Turkish Ports On The Agenda: Investment opportunities in the Turkish ports industry could amount to some  USD3.5bn going forward, the attendees at the Port Finance International finance in Istanbul in May 2014 were told. Mass privatisation of the country's ports is proposed with bid announcements expected for the Izmir container port and the Inebolu port and shipyard.

Yilport Acquires GCT In Sweden: Turkish port operator Yilport is exploring the possibility of expanding its presence in the Baltics, with the acquisition of a container terminal in Sweden proving the operator's intent, it was reported at the end of May 2014. Yilport acquired an 80% stake in Gävle Container Terminal (GCT), with the Gävle municipality retaining the other 20% and the terminal is described by Yilport as having 'highly strategic value',...

Table of Contents

BMI Industry View
7
SWOT
9
Shipping
9
Political
11
Economic
12
Business Environment
13
Industry Forecast
14
Port of Ambarli Throughput
14
Table: Major Port Data
18
Table: Trade Overview
19
Table: Key Trade Indicators
20
Table: Main Import Partners (US$mn)
21
Table: Main Export Partners (US$mn)
21
Market Overview
22
Turkey Container Shipping Market Overview
22
Industry Trends And Developments
27
Turkey Company Profile
31
Turkon Line
31
Global Industry Overview - Container Shipping
33
Demand: Global Box Outlook Brightening
33
Supply: Overcapacity To Remain As More Megas Saturate The Market
44
Table: Container Line Mega-Vessel Newbuild Plans
46
Rates: A Strong Start, But Rate Management Must Continue
49
Table: 2012 SCFI Europe Base Port Average Freight Rate Overview
53
Table: 2012 SCFI USWC Base Port Average Freight Rate Overview
53
Global Industry Overview - Dry Bulk Shipping
54
Demand: Stimulus Blip Playing Out, But For How Long-
54
Supply: Dry Bulk Fleet growth Slipping, But Overcapacity Still A Problem
59
Table: China Iron Ore Trade Partners Overview
65
Table: China Coal Trade Partners Overview
65
Global Industry Overview - Liquid Bulk Shipping
66
Improving Fundamentals In Dirty Tanker Market
66
Tonne-Mile Growth To Support Product Tanker Sector
69
LNG Boom To Stall In 2013
72
Global Company Strategy
75
Maersk Line
75
Mediterranean Shipping Company
84
CMA CGM
89
Evergreen Line
97
COSCO Container Lines Company
103
Hapag-Lloyd
110
Hanjin Shipping
116
APL
121
China Shipping Container Line (CSCL)
128
Mitsui OSK Lines
135
Macroeconomic Forecasts
140
Table: Turkey - Economic Activity
145
Demographic Forecast
146
Table: Turkey's Population By Age Group, 1990-2020 ('000)
147
Table: Turkey's Population By Age Group, 1990-2020 (% of population)
148
Table: Turkey's Key Population Ratios, 1990-2020
149
Table: Turkey's Rural And Urban Population, 1990-2020
149

The Turkey 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 Turkey.

BMI's Turkey 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 Turkey.

Key Benefits

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