Turkey Shipping Report Q3 2011

Throughput at the port of Ambarli, one of Turkey's largest ports, is set to increase in terms of both tonnage and container volumes in 2011 after a successful 2010 that, according to our estimates, saw the beginning of the recovery from the downturn.
Over the mid term we project further strong growth at the port of Ambarli. The construction of a new hub port, Çandarl?, part of a wider strategy in Turkey to develop the country's port sector, is on schedule, and the facility is planned to start operations in 2013.
Headline Industry Data
?? 2011 port of Ambarli general and liquid bulk cargoes tonnage throughput forecast to grow 21%, over the mid-term we project a 103% increase.
?? 2011 port of Ambarli container throughput forecast to grow 11%, over the mid-term we project a 60% increase.
?? 2011 total trade growth forecast at 7.85%. Key Industry Trends
Hub Port On Schedule, But Faces Tough Competition: Construction of Çandarl? Port is on schedule, and the facility is due to accept its first vessel in 2013. The port is intended to cater for Turkey's growing maritime trade and also to function as a hub port, offering connections to the Middle East and the Black Sea states. BMI notes that in this planned role the port will face stiff competition from the Greek port of Piraeus, which is the traditional hub in the region. Piraeus is undergoing something of a revival currently, with China ploughing money into the facility. Face Of Oil Shipping About To Be Changed: A planned Istanbul canal linking the Black Sea to the Marmara Sea could be a potential game-changer for both the shipping and oil industries, offering an alternative to the major chokepoint of the Bosphorus Strait. BMI questions, however, whether there is a need for both a canal offering VLCCs access to the Black Sea and a Samsun-Ceyhan pipeline, which was once feted as the alternative to the Bosphorus Strait for oil transport.
Risks To Outlook
The strong base for growth at the country's ports stems from BMI's positive outlook for the Turkish economy. Container throughput will be driven by the country's consumers, a section of the country's economy that is strengthening. The country's real GDP is estimated to increase by 4.3% in 2011. An upside risk to our forecasts for the Turkish port sector comes in the form of the construction of Çandarl? Port. The facility will be a major factor in driving the country's economic growth, and BMI also expects the port to develop a role as a hub.

[Studien Infos ausblenden]

Executive Summary . 5
Headline Industry Data.. 5
Key Industry Trends . 5
Risks To Outlook 5
SWOT Analysis 7
Turkey Shipping SWOT .. 7
Turkey Political SWOT .. 8
Turkey Economic SWOT 9
Turkey Business Environment SWOT .. 9
Global Overview .. 10
Container Shipping Overview . 10
Drivers . 10
Bellwethers 12
Rates . 16
Players . 19
Dry-Bulk Shipping Overview .. 21
Drivers . 21
Capacity .. 22
Rates . 25
Liquid Bulk Shipping Overview . 29
Drivers . 29
Capacity .. 32
Rates . 35
Players . 36
Geopolitical Developments 37
Industry Trends and Development 42
Turkish Hub Port on Schedule, but Faces Tough Competition from Piraeus . 42
Istanbul Canal Project To Change Face Of Oil Shipping .. 42
Key Views .. 42
New VLCC Route And A Decline In Collisions 43
Samsun-Ceyhan Now Just A Pipe Dream? 43
Route Drying Up As Russia Looks East? 44
Market Overview .. 45
Port of Ambarli .. 45
Terminals, Storage And Equipment .. 45
Other Cargo Handling Facilities 46
Industry Forecast 49
Total Throughput: More Steps Forward After Two Steps Back 49
Container Throughput: Strong Growth Predicted . 49
Macro Outlook . 49
Table: Major Port Data .. 50
Table: Trade Overview 50
Table: Key Trade Indicators . 51
Table: Main Import Partners 52
Table: Main Export Partners 52
Company Profile .. 54
Turkon Line .. 54
Maersk Line .. 55
Mediterranean Shipping Company (MSC) . 59
CMA CGM . 62
Hapag-Lloyd . 65
Evergreen Line 69
APL 72
CSAV 75
COSCO Container Lines Company Limited (COSCON). 78
Hanjin Shipping (Container Operations) 81
China Shipping Container Line (CSCL) . 85
[Inhaltsverzeichnis ausblenden]