Latvia Shipping Report Q1 2013

Publisher Name :
Date:16-Jan-2013
No. of pages: 151

Latvia Q1 2013
The port of Riga is set to hold the top position in Latvia’s maritime sector in terms of both total tonnage and
container throughput in 2013, after another year of healthy growth in 2012.
Riga has a strong position to build on in 2013, enhanced by robust year-on-year (y-o-y) growth in total
throughput and a double-digit increase in box volumes in 2012.
Over the medium term, we project further throughput growth at the port of Riga. Ventspils, the country’s
second largest port in terms of the total throughput, continued its recovery in 2012 and reached tonnage
levels comparable to the ones it had before the downturn.
Headline Industry Data
? Port of Riga tonnage throughput forecast to grow 2.9% in 2013; over the medium term (2013-2017), we
project a 14% increase.
? Port of Liepaja container throughput forecast to grow 8.6% in 2013; over the medium term (2013-2017),
we project a 45% increase.
? 2013 total trade growth forecast stands at 3.3%.
Key Industry Trends
Belarus’ mulling of redirecting its shipments via Russian ports rather than the Baltic states’ ports will be a
major blow for ports in Latvia and Lithuania, specifically the ports of Riga and Klaipeda. If Belarus moves
forward with this plan, it will place downward pressure on our forecasts for Baltic states’ ports, because
although the positive domestic outlook of these states has been a major growth driver, the facilities have
been positioning themselves as gateways for trade in and out of the high-growth regions of the
Commonwealth of Independent States (CIS). A redirection of freight via Russian ports would benefit the
ports of Kaliningrad, St Petersburg and Ust-Luga in particular, highlighting a trend we have noted in the
freight transport sector of Belarus and Russia moving closer together.
Risks to Outlook
The base for growth at Latvia’s ports stems from BMI’s positive outlook for the country’s economy, with
real GDP growth estimated to come in at 4.2% for 2012 and 3.9% growth anticipated for 2013. Our positive
medium-term forecast for Latvia’s ports’ throughput also holds upside risks, with Latvia getting better
connected, displaying a solid domestic demand outlook and developing its role as a gateway for cargo to
and from Russia and Central Asia. This upside risk is further enhanced by Russia’s membership of the
World Trade Organization, on the back of which Latvian ports expect to tranship more of its neighbour’s
imports and exports.
The main risk to our forecasts for Latvia remains the persistent eurozone sovereign debt crisis. A further
deepening of the crisis would pose downside risks to most of our forecasts for Latvia’s economy and our
port throughput projections.
Russia’s development of the Ust-Luga port near St Petersburg, as it seeks to handle a larger percentage of its
own trade needs, creates another downside risk to our forecasts as it is set to place downward pressure on
Baltic states’ port throughput.
The possible redirection of Belarus’ cargo to Russian ports adds one more downside risk to our forecasts.
However, the investment that Russian firms continue to make into Baltic states’ ports in an effort to
diversify away from an over-reliance on liquid bulk creates an upside risk.

Latvia Shipping Report Q1 2013

BMI Industry View ............. 7
Latvia Q1 2013 ........... 7
SWOT ...... 9
Shipping ...... 9
Business Environment 11
Economic ... 12
Political ..... 13
Global Company Strategy ............. 14
Container Shipping: 2013 Offers Promise, But Will Be Tough .... 14
Dry Bulk: Stimulus Offers Short Term Blip . 38
Liquid Bulk: 2013 To Offer Little Respite For Tanker Operators . 49
Industry Trends And Developments .......... 61
Latvia Q1 2013 ......... 61
Industry Forecast ............ 63
Port of Riga Throughput Outlook Q1 2013 . 63
Port of Ventspils Throughput Outlook Q1 2013 ......... 65
Table: Table: Major Port Data, 2010 - 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68
Table: Table: Trade Overview, 2010 - 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69
Table: Table: Key Trade Indicators, 2010 - 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70
Table: Table: Main Import Partners (US$mn) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71
Table: Table: Main Export Partners (US$mn) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71
Market Overview ............. 72
Latvia Container Shipping Overview ......... 72
Latvia Company Profile ... 82
Latvian Shipping Company (LASCO) ........ 82
Latvian Shipping Company (LSC) ............. 85
Global Company Strategy ............. 88
Maersk Line ............. 88
Mediterranean Shipping Company ............ 98
CMA CGM ............. 104
Evergreen Line ........ 110
COSCO Container Lines Company ......... 115
Hapag-Lloyd .......... 120
APL ........ 125
Hanjin Shipping ...... 132
China Shipping Container Line (CSCL) ... 137
Mitsui OSK Lines .... 143
Demographic Forecast . 148
Latvia Demographic Data ....... 148
Table: Latvia's Population By Age Group, 1990-2020 ('000) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 149
Table: Latvia's Population By Age Group, 1990-2020 (% of total) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150
Table: Latvia's Key Population Ratios, 1990-2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151
Table: Latvia's Rural And Urban Population, 1990-2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151Table: Table: Major Port Data, 2010 - 2017
Table: Table: Trade Overview, 2010 - 2017
Table: Table: Key Trade Indicators, 2010 - 2017
Table: Table: Main Import Partners (US$mn)
Table: Table: Main Export Partners (US$mn)
Table: Latvia's Population By Age Group, 1990-2020 ('000)
Table: Latvia's Population By Age Group, 1990-2020 (% of total)
Table: Latvia's Key Population Ratios, 1990-2020
Table: Latvia's Rural And Urban Population, 1990-2020

  • Challenges in the Tourism Industry in Thailand
    Thailand has always been a popular tourist destination and tourism provides a major boost to the country’s economy. Bangkok, Hua Hin, Krabi, Samui, Phuket and Cha Am are some of the most attractive tourist destinations in the country. In 2012, Thailand had a very high number of arrivals. Even the number of Thai citizens who [...]
  • Future of the US Consumer Electronics Market
    The market for consumer electronics has been growing steadily. Some of the factors that are contributing to the growth in the market are technological advancement, rise in disposable income and increasing demand for new products. During 2012, consumer electronics market in the US demonstrated positive expansion, although the growth rate slowed down considerably following the [...]
  • Overview of the Global Retail Market
    The global retail industry continued to grow despite the difficult economic conditions in the world. In the fiscal year of 2011, sales-weighted, currency-adjusted revenue rose by 5.1% to $4.271 trillion for the world’s top 250 retailers. According to GRDI (Global Retail Development Index), in 2013 Brazil occupied the top spot in retail development. Chile and [...]
  • Bright Future Predicted for the Tourism Industry in Singapore
    Travel and tourism industry in Singapore has been growing at a steady rate and is considered to be a major contributor to the economic growth of the country. In 2012, Singapore’s IVA (International Visitors Arrivals) reached a record high of 14.5 million, with a growth rate of 10.1% year-on-year. In recent years, inbound travel to [...]
  • Potential of Staffing Market in United States
    The staffing industry places individuals into contract, temporary and permanent positions in firms around the world. Major staffing markets include France, Spain, Italy and Japan as well as many emerging markets. Temporary staffing around the world has been growing, but in US temporary market has been flat since 2006. The majority of staffing revenue majorly [...]
  • Diagnostic X-ray Imaging Market worth $4.0 billion by 2020
  • GlobalData estimates that the global diagnostic X-ray imaging market, worth $2.4 billion in 2012, will reach almost $4.0 billion by 2020, increasing at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period. Many players are active in …

  • Graft-Versus-Host Disease Market Forecast to 2023
  • Graft-versus-host disease (GVHD) is a common complication of allogeneic hematopoietic stem cell transplantation (HSCT) that occurs when the donated (graft) cells are rejected and attack the host’s cells as foreign. GVHD can progress from mild to severe forms as either …

  • Chronic Lymphocytic Leukemia (CLL) Treatment Market worth $3.3 billion by 2018
  • New Entrants to Boost Chronic Lymphocytic Leukemia Treatment Market Value to $3.3 Billion by 2018, says GlobalData. The introduction of several new drugs will accelerate growth in the Chronic Lymphocytic Leukemia (CLL) treatment market, from $1.4 billion in 2013 to …

  • Global Biosimilars Market to Grow at a CAGR of 8.3%, to reach $262 billion by 2019
  • Lucrative Biosimilars Space to Erode Biologics Market from 2019, says GlobalData The increasing prevalence of biosimilars will have a noticeably negative impact on the biologics market beyond 2019, despite an initial projected Compound Annual Growth Rate (CAGR) of 8.3%, taking …

  • Saudi Pharmaceutical Market worth $5.9 billion by 2020
  • A high burden of chronic diseases, improving regulatory guidelines and the launch of new products will provide the necessary impetus for the growth of the pharmaceutical market in Saudi Arabia The Saudi pharmaceutical market is one of the largest markets …

  • 2014 Deep Research Report on Global and China Oil Cooler Industry
    Published: 22-Jul-2014        Price: US $2200 Onwards        Pages: 187
    This is a professional and depth research report on Global and China Oil Cooler industry. The report firstly introduced Oil Cooler basic information included Oil Cooler definition classification application industry chain structure industry overview; international market analysis, China domestic market analysis, Macroeconomic environment and economic situation analysis, Oil Cooler industry policy and plan, Oil Cooler product specification, manufacturing process, cost structure etc. then statisti......
  • China Automotive Lock Industry Report, 2014-2017
    Published: 16-Jul-2014        Price: US $1899 Onwards        Pages: 101
    According to China Automotive Lock Industry Report, 2014-2017 released by Sino Market Insight, we project that in 2014-2017 Chinese automotive lock market will present an AAGR of 8.5%-9%, with the total production expected to exceed 130 million units by 2017.With the rapid development of China's automobile market, the production of automotive locks there showed a steady growth, with the 2013's production in China totaling 95.231 million units, up 14.8% on a year-on-year basis. This growth ra......
  • Russia Freight Transport Report Q3 2014
    Published: 16-Jul-2014        Price: US $1295 Onwards        Pages: 136
    Following a year in which BMI believes saw mixed growth dynamics across Russia's freight transport modes, 2014 will signal improvement, with one of the country's major ports finally recovering its predownturn volumes. Total trade is projected to pick up with our Country Risk desk forecasting a year-on-year (y-o-y) increase of 3.75% in 2014 following an estimated growth of 4.05% in 2013. Rail freight is to continue to dominate the sector in terms of turnover and is projected to grow by 1% in 2014......
  • Singapore Freight Transport Report Q3 2014
    Published: 16-Jul-2014        Price: US $1295 Onwards        Pages: 100
    Singapore's role as a global transhipment hub is both its blessing and its curse. In times such as these, when key markets in Europe and the US are either recessionary or growing sluggishly, it can be hit by depleted freight volumes. In 2014, we forecast growth in both port and airport total tonnage volumes, albeit it will be sluggish. Both facilities are investing considerably, and we are confident of growth over the medium and long term. Headline Industry Data ? 2014 air freight tonnage throug......
  • Taiwan Freight Transport Report Q3 2014
    Published: 16-Jul-2014        Price: US $1295 Onwards        Pages: 92
    Taiwan's economy slowed in Q1 2014 likely on the back of a moderating expansion in private consumption and exports, which informs our freight forecasts for the year. While we remain fairly constructive on Taiwan's trade prospects in the near term, we do not believe that recovering demand in the US and Europe will be able to overcome the drag from China's slowing economy, which will inadvertently weigh on the island's economy given its heavy reliance on the mainland. We therefore are happy to mai......
  • Turkey Autos Report Q3 2014
    Published: 16-Jul-2014        Price: US $1295 Onwards        Pages: 58
    Turkish vehicle production declined 2.4% year-on-year (y-o-y) in the first five months of 2014, to 455,980 units, despite a surge in passenger car output, on the back of sharp declines in commercial vehicle (CV) manufacturing. BMI forecasts a 0.5% increase in total vehicle output in 2014 due to sustained growth in the passenger car segment and a modest recovery in CV production. Over the year to date, vehicle exports increased 4.9% y-o-y, to 367,850 units. Despite the growth in passenger car exp......
  • United Arab Emirates Autos Report Q3 2014
    Published: 16-Jul-2014        Price: US $1295 Onwards        Pages: 70
    UAE new vehicle sales rose by 16.6% in 2013, to reach 362,838 units, according to information from the Focus2Move website. This strong performance was in line with BMI's thoughts on the subject. Looking forward, BMI retains an optimistic outlook on new vehicle sales in the UAE, forecasting growth of 36% from end-2013 to end-2018, to reach just under 500,000 units. Underpinning our upbeat stance remains BMI's positive view on the medium-term outlook for the UAE economy. We forecast economic activ......
  • Hungary Autos Report Q3 2014
    Published: 16-Jul-2014        Price: US $1295 Onwards        Pages: 67
    Hungarian passenger car sales in 4M14 increased 22.3% y-o-y, to 21,002 units. We have previously highlighted that consumers in Hungary are enjoying a relative 'sweet spot' with real wages rising, interest rates low and unemployment declining, which has led to a surge in passenger car sales. However, BMI does not expect this consumer recovery to continue over the remainder of 2014 due to rising inflation, tightening credit conditions and a slowdown in employment growth (see 'Consumer Recovery......
  • India Freight Transport Report Q3 2014
    Published: 16-Jul-2014        Price: US $1295 Onwards        Pages: 122
    India's state-run major ports continue to be the underperformers in the BRIC country's freight transport infrastructure, with volumes at many facilities struggling to grow. Ports have also been harmed by a ban on iron ore mining, and a fall in exports to Europe. A case in point is the Jawaharlal Nehru Port, India's largest in terms of containers handled, which has seen a decrease in its box throughput as it continues to chase the elusive fourth terminal. We see strong growth potential in the......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs