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

  • China container manufacturing industry, 2012
    Published: 14-Jan-2012        Price: US 4000 Onwards        Pages: 0
    China container manufacturing industry, 2012 is valuable for anyone who wants to invest in the container manufacturing industry, to get Chinese investments; to import into China or export from China, to build factories and take advantage of lower costs in China, to partner with one of the key Chinese corporations, to get market shares as China is boosting its domestic needs; to forecast the future of the world economy as China is leading the way; or to compete in the segment. The report provides......
  • China entertainment and sports ship construction and ship repair industry, 2012
    Published: 14-Jan-2012        Price: US 4000 Onwards        Pages: 0
    China entertainment and sports ship construction and ship repair industry, 2012 is valuable for anyone who wants to invest in the entertainment and sports ship construction and ship repair industry, to get Chinese investments; to import into China or export from China, to build factories and take advantage of lower costs in China, to partner with one of the key Chinese corporations, to get market shares as China is boosting its domestic needs; to forecast the future of the world economy as China......
  • Bahrain Shipping Report Q2 2012
    Published: 01-May-2012        Price: US 1295 Onwards        Pages: 119
    Bahrain's economic growth is forecast to pick up slightly in 2012 following the sluggish 1.9% expansion BMI estimates took place in 2011 as the country felt the impact of the Arab Spring, despite the high oil prices that should have boosted the country's coffers. We believe that continued high oil prices, in addition to increased government spending and support from neighbour Saudi Arabia, eager to avoid any further Shi'a unrest on its doorstep, will see growth pick up this year. Risks remain, h......
  • Thailand Shipping Report Q2 2012
    Published: 01-May-2012        Price: US 1295 Onwards        Pages: 132
    BMI View: Floods And World Economy Weigh on Forecasts Our outlook for the Thai economy - and the shipping and ports sector - remains for only moderate growth this year, against the background of a subdued recovery following the disruption caused by the floods of late 2011, some persisting political risk factors, and a generally troubled world economy. We are holding our main forecasts in place, although we believe downside risks have increased. The damage and disruption caused by the flooding wa......
  • Turkey Shipping Report Q2 2012
    Published: 01-May-2012        Price: US 1295 Onwards        Pages: 124
    Throughput at the Port of Ambarli, one of Turkey's largest ports, is set to decrease in terms of tonnage in 2012, while its container volumes are to slow due to the macroeconomic outlook, with real GDP forecast to slow and Turkey's export sector heavily exposed to Europe. Over the medium term we project that stronger growth will resume at the Port of Ambarli. The Port of Petkim has the potential to develop into a major container facility after APM Terminals takes over the operation of the port's......
  • Research Report on China's Logistics Industry, 2012
    Published: 01-Jun-2012        Price: US 2800 Onwards        Pages: 60
    China's logistics industry starts relatively late. Since the reform and opening up, with the rapid development of Chinese economy, the market demand for logistics industry is also constantly enlarged. In 2011, Chinese logistics industry sharply developed. In 2011, the total amount of Chinese social logistics was CNY 158.4 trillion, with an increase of 12.3% YOY, but the increase rate was with a decrease of 2.7% YOY. The total expense of social logistics was as high as CNY 8.4 trillion, accoun......
  • China General Cargo Logistics Industry Report, 2011-2012
    Published: 06-Jun-2012        Price: US 2300 Onwards        Pages: 120
    In China, the logistic cost is increasing these years. In 2007, the gross external logistic cost of China broke RMB4 trillion, while the figure in 2009 hit RMB6 trillion. In 2011, China's external logistic cost totaled RMB8.4 trillion, accounting for 17.8% of the GDP. By the structure of logistic cost, the transportation fee, warehousing charges and logistics management fee stands at 55%, 33% and 12%, respectively. Of China's top 50 logistic enterprises, 22 ones are transportation-oriented, m......
  • Research Report on China's Container Industry,2012
    Published: 06-Jul-2012        Price: US 2600 Onwards        Pages: 60
    China's container manufacture started in 1980. Its output and sales volume rank the first in the world since 1993. China becomes the largest container manufacture and sales center globally. Presently, China is strongly capable of designing, manufacturing as well as installing and debugging container production lines on its own. The design and development abilities of new products and technologies constantly improve. Product varieties consist of common cargo containers, special cargo container......
  • Profound Research on Domestic Coastal Container Industry in China 2011-2016
    Published: 13-Sep-2012        Price: US 2800 Onwards        Pages: 130
    In China, the annual throughput capacity of domestic coastal container rose from less than 5 million TEU in 2001 to 52.53 million TEU in 2011, increased by nearly ten times, accounting for 32% of total ports container throughput. Since the year of 2009, as China's economic macro-control, the development pace of domestic coastal container became slow down significantly, but still keep the stable increasing trend. According to the Planning Institute of the Transport Ministry, the averag......
  • 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 - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs