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Greece Shipping Report Q3 2012 - Product Image

Greece Shipping Report Q3 2012

  • ID: 2199746
  • July 2012
  • Region: Greece
  • 139 pages
  • Business Monitor International

The Greece Shipping Report provides industry professionals and strategists, corporate analysts, shipping associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Greece's shipping industry.

Despite the fact that Greece's economy is set to remain in recession for its fourth consecutive year, contracting by 6.9%, BMI is forecasting double digit growth at the main operations of Greece's two main ports.

The country's largest container port, Piraeus, is projected to record a box throughput increase of 60% in 2012, while the country's main port in terms of total tonnage throughput the port of Thessaloniki is forecast to post a year-on-year (y-o-y) growth in throughput of 15%.

These projections have been guided by the year to date data that is currently on offer, with the port of Piraeus total container throughput increasing by 110.3% in Q112, recent four-monthly data from one of the port's container terminal operators COSCO Pacific, which recorded a box throughput increase of 154% in January-April 2012 backs our bullish box view for Piraeus.

Greece's largest port in terms of total tonnage throughput, READ MORE >

Executive Summary 5

SWOT Analysis 8

Greece Shipping SWOT 8

Greece Political SWOT 8

Greece Economic SWOT 9

Greece Business Environment SWOT 9

Global Overview – Container Shipping 10

Executive Summary: Rate Decline Risk, Threat Of Another Year Of Losses 10

Slowing Demand A Major Threat To Freight Rates 11

Carriers Thinking Outside Box On Overcapacity, Can Rate War Be Avoided? 17

Lines Must Tackle High Bunker Prices To Avoid Impact On 2012 Bottom Line 22

Evergreen's Order Raises Questions For Future Of Box Fleet Expansions 25

Global Overview – Dry Bulk Shipping 31

Executive Summary: Rates Struggling To Recover From 25-Year Low 31

Bleak Demand Outlook Gives Cause For Concern 32

Lines Withhold Payments As Shipping Struggles In Depressed Market 34

Vale's Valemax Woes Continue, Vessel Values And Demand Plunging 36

Orders Continue As Lines Take Advantage Of Bargain Basement Prices 41

Record Dry Bulk Scrapping Levels No Match For Global Fleet 43

Global Overview – Liquid Bulk Shipping 45

Executive Summary: Bearish View Maintained Despite Industry Optimism 45

Will Increased Asian Crude Imports Offset Excess Tonnage? 46

More Pain For US Tanker Operators Despite Investor Confidence 50

2012 Political Impact On Crude Oil Shipping Emanating From Iran 52

Tanker Operators Scrap In Desperate Attempt To Shore Up Rates 56

Tanker Pools To Grow As Operators Seek Safety In Numbers 58

Industry Trends And Developments 60

Greece Container Shipping Market Overview 62

Industry Forecast 68

Port of Piraeus Throughput Outlook 68

Port of Thessaloniki Throughput Outlook 70
Table: Major Port Data, 2009-2016 72

Trade 73
Table: Trade Overview, 2008-2016 73
Table: Key Trade Indicators, 2008-2016 73
Table: Main Import Partners , 2002-2009 (US$mn) 74
Table: Main Export Partners, 2002-2009 (US$mn) 74

Company Profiles 75

Diana Shipping 75

Diana Containerships 77

Paragon Shipping 79

Navios Maritime Holdings 81

Excel Maritime Carriers 84

Maersk Line 87

Mediterranean Shipping Company (MSC) 93

CMA CGM 97

COSCO Container Lines Company Limited (COSCON) 02

Hapag-Lloyd 07

Evergreen Line 11

APL 15

China Shipping Container Line (CSCL) 21

Hanjin Shipping (Container Operations) 26

Mitsui OSK Lines (MOL) (Container) 30

Demographic Outlook 135
Table: Greece's Population By Age Group, 1990-2020 ('000) 36
Table: Greece's Population By Age Group, 1990-2020 (% of total) 37
Table: Greece's Key Population Ratios, 1990-2020 38
Table: Greece's Rural And Urban Population, 1990-2020 38

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