Business Monitor International


Venezuela Shipping Report

Published 20 February 2014

  • 111 pages
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$1,295.00
Venezuela Shipping Report

President Nicolas Maduro's price cut on appliances poses a threat to Venezuela's port sector as shippers have already begun redirecting their shipments away from the country. We have previously forecast the country's ports of Puerto Cabello and La Guaira to experience robust growth in 2013. The government's populist measure, however, poses downside risk to our near-term forecasts.

Venezuela's shipping industry is highly impacted by the country's unstable political and economic situation. We expect economic growth to remain sluggish, characterised by a slowdown in private consumption, net exports, and investment, which will negatively impact on shipping and port volumes.

President Nicolás Maduro has consolidated his power in recent months, bolstered by a strong PSUV performance in the December 8 elections, and will continue Chávez's policies of elevated social spending, resulting in sizeable fiscal deficits. Inflation will remain elevated, at the highest level in Latin America, and the operating environment will remain very precarious for foreign multinationals in the country.

Despite the less than ideal operating environment, Venezuelan ports are seeing some foreign investment, with China Harbour Engineering Company involved in building the new container terminal at the port of Cabello, the largest in the country.

Headline Industry Data

  • 2014 Puerto Cabello tonnage throughput growth forecast at 1.7%. Slow growth expected to continue over the medium term, averaging 2.6% over our forecast period.

  • 2014 Puerto Cabello container throughput to grow by 3.0%, and to average 8.6% over our forecast period.

  • 2014 Port of La Guaira tonnage throughput growth forecast at 3.0%.

  • 2014 Port of La Guaira container throughput to grow by 2.5%.

Key Industry Trends

Concern For Importers Of Venezuela: Importers of appliances in Venezuela face concerns as companies have ordered a change of destination on goods originally set for Venezuela. Several representatives of transport...

Table of Contents

BMI Industry View
7
SWOT
9
Shipping
9
Political
11
Economic
12
Business Environment
13
Industry Forecast
14
Puerto Cabello Throughput
14
Port Of La Guaira Throughput
18
Table: Major Port Data, 2011-2018
20
Table: Trade Overview, 2011-2018
21
Table: Key Trade Indicators, 2011-2018
21
Table: Main Import Partners, 2004-2011
23
Table: Main Export Destinations, 2004-2011
23
Market Overview
25
Venezuela Container Shipping Market Overview
25
Industry Trends And Developments
32
Company Profile
34
Petr-leos de Venezuela Marina
34
Shipping - Global Industry View
38
Container Demand: Growth Outlook To Bolster 2014 Box Volumes
38
Container Supply: Overcapacity To Remain An Issue In 2014
48
Container Rates: Volatile As Demand Ticks Up, But Oversupply Remains
57
Table: Shipping Lines' Agents Offices Raided In Russia
62
Global Company Strategy
65
Maersk Line
65
Mediterranean Shipping Company
75
CMA CGM
81
Evergreen Line
89
COSCO Container Lines Company
96
Macroeconomic Forecasts
103
High Inflation And Private Sector Stagnation To Keep Growth Low
103
Table: Venezuela - Economic Activity
107
Demographic Forecast
108
Table: Venezuela's Population By Age Group, 1990-2020 ('000)
109
Table: Venezuela's Population By Age Group, 1990-2020 (% of total)
110
Table: Venezuela's Key Population Ratios, 1990-2020
111
Table: Venezuela's Rural And Urban Population, 1990-2020
111

The Venezuela 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 Venezuela.

BMI's Venezuela 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 Venezuela.

Key Benefits

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

Executive Summary

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-2017 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