PRLog (Press Release)– May 24, 2011– Both the Ports of Buenos Aires and Bahia Blanca remain on track to register good growth rates in 2011, albeit slower than in 2010 when the country's ports and shipping industry was bouncing back from the global recession. According to BMI's projections, Buenos Aires will handle just over 12mn tonnes of cargo and 1.162mn TEUs (20-foot equivalent containers), while Bahia Blanca will move 13.70mn tonnes and just over 30,000 cadillac TEUs (that port's container terminal only came onstream in 2007). Reasonable single-digit percentage growth is being achieved against the backdrop of an expanding economy led by private consumption, government pump-priming, strong export commodity prices, and slowly returning investor confidence.
--------------------------------------------------- ---------Full Report Details at - http://www.fastmr.com/prod/158399_argentina_shipping_rep ... ------------------------------------------------------------
Going forward, we see growth continuing in this moderate-to-strong range, with much depending on the outcome of this year's presidential and congressional elections, which are set for October. While there is political risk associated with the election, BMI believes that the medium-term outlook for Argentina's ports and shipping sector remains encouraging.
Headline Industry Data
* Total volume at the Port of Buenos Aires is set to rise by 3.2% in 2011 to reach 12.063mn tonnes. Box handling at the same port will also grow by 3.2% to 1.163mn TEUs. * Down further south, the Port of Bahia Blanca will see a 2.2% gain in volume to 13.709mn tonnes. * Argentina's foreign trade will grow 6.0% in real terms this ye car news ar, a sharp slowdown on the exceptional 24.3% expansion registered in 2010.
Key Industry Trends
Grain Shipments Disrupted By Strikes - Many of the stoppages were motivated by attempts to boost wage rates to keep in step with soy-crushing workers. On the plus side, unions and employers responded quite quickly to government calls for a negotiated solution. But BMI is concerned that, as the presidential campaign gets under way in the second half of the year, industrial relations in the ports and shipping industry could take a turn for the worse.
Operators Call For Concessions Review - The review, to be carried out this year, comes after a number of operators called on the authorities to renew concessions and consider granting new ones; General Ports Administration (AGP) will also seek to move ahead with the proposed tender for Terminal 6, which has been bogged down by legal complications.
Falklands Causing Tension Once More - Argentina has approved legislation designed to force international oil companies who drill for oil near the disputed islands to loosen any exploration rights or concessions they hold in Argentina. The new legislation also requires shipping companies to seek permits to operate between the islands and the Argentine mainland. The dispute could prevent the development of a lucrative offshore oil and gas shipping support business, operating out of key ports in southern Argentina.
Key Risks to Outlook
We believe there are two related downside risks to our current forecasts. First, there is the possibility of a hard economic landing sometime after the October elections, particularly if an incoming administration finds the fiscal coffers are in a worse state than has been publicly acknowledged. There is already some concern over the reliability of economic data, and most analysts acknowledge under-reporting of the inflation rate. We believe the extent of this risk will become clearer later in the year, and is most likely to impact on performance in 2012.
The second downside risk relates to the general 'politicisation' of Argentina in an election year. Although President Cristina Fernandez is currently the front-runner in the polls, she remains a politically divisive figure, and her disagreements with the farming sector over export taxes and other issues could have a direct impact on the flow of exports through the country's ports.
Report Table of Contents:
SWOT Analysis - Argentina Shipping SWOT Global Overview - Container Industry Overview - Drivers - Bellwethers - Rates - Players - Dry Bulk Shipping Overview - Drivers - Capacity - Rates - Liquid Bulk Shipping Overview - Drivers - Capacity - Rates - Players - Geopolitical Developments Industry Trends and Developments Market Overview - Port of Buenos Aires - Overview - Terminals, Storage And Equipment - Exp rc helicopter and car market place ansions And Developments - Multi-Modal Links - Port of Bahia Blanca - Overview - Terminals, Storage And Equipment - Expansions And Developments - Multi-Modal Links Industry Forecast - Table: Major Port Data - Table: Trade Overview - Table: Key Trade Indicators - Table: Main Import Partners - Table: Main Export Partners Company Profiles - Ultrapetrol - Maersk Line - Mediterranean Shipping Company (MSC) - CMA CGM - Hapag-Lloyd - Evergreen Line - APL - CSAV - COSCO Container Li corsa nes Company Limited (COSCON) - Hanjin Shipping (Container Operations) - China Shipping (CSCL)
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts 1086274749 and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010
Ab out Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Get automobile news and garbage compactor
0 komentar:
Posting Komentar