Business Monitor International


Turkey Shipping Report

Published 15 April 2014

  • 107 pages
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$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
13
Business Environment
14
Industry Forecast
15
Port Of Ambarli Throughput
15
Table: Major Ports Data (Turkey 2011-2018)
20
Table: Trade Overview (Turkey 2011-2018)
21
Table: Key Trade Indicators (Turkey 2011-2018)
21
Table: Top Import Destinations, 2004-2012
23
Table: Top Export Destinations, 2004-2012
23
Market Overview
25
Turkey Container Shipping Market Overview
25
Industry Trends And Developments
31
Turkey Company Profile
33
Turkon Line
33
Shipping - Global Industry View
35
Container Demand:
35
Container Supply:
42
Container Rates:
48
Global Company Strategy
52
Maersk Line
52
Mediterranean Shipping Company (MSC)
65
CMA CGM
70
Evergreen Line
80
COSCO Container Lines Company (COSCON)
87
Macroeconomic Forecasts
94
Table: Turkey - GDP By Expenditure
101
Demographic Forecast
102
Demographic Outlook
102
Table: Turkey's Population By Age Group, 1990-2020 ('000)
103
Table: Turkey's Population By Age Group, 1990-2020 (% of population)
104
Table: Turkey's Key Population Ratios, 1990-2020
105
Table: Turkey's Rural And Urban Population, 1990-2020
105

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