DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/14278a/croatia_shipping_r) has announced the addition of the "Croatia Shipping Report Q3 2011" report to their offering.
BMI View: Moderate-to-Good Growth BMI is predicting a moderate-to-good year for the Croatian ports and shipping sector. General economic conditions in 2011 will be moderately supportive, with specific industry factors playing a slightly stronger upside role. This will be a year of political transition, with elections due in November. Against a background of protests and popular dissatisfaction, this report believes the incumbent centre-right administration is on its way out, likely to be replaced by the centre-left. However, after two years of falls in GDP, 2011 will see a return to moderate growth, led by stronger foreign trade, a tourism revival, and a recovery in household consumption. This report predicts GDP growth of 1.7% this year, rising to 1.9% in 2012.
Croatia's ports and shipping sector has a number of specific upside factors working in its favour. One of the most important is the country's position as a Mediterranean gateway to south-eastern Europe, serving neighbouring countries as well as Croatia itself. This report believes this is attracting new business and investment and bodes well for the medium-term future.
Key Headline Industry Data:
- Croatia's foreign trade will grow by 5.8% this year in real terms, up from 2.0% in 2010. Exports are expected to reach US$25.09bn, marginally behind imports of US$25.55bn.
- Gross tonnage will grow 12.9% to 5.112mn tonnes at the Port of Ploce, and by 8.6% to 11.059mn tonnes at the larger Port of Rijeka.
- Box traffic set to grow 3.4% in Ploce and 5.1% at Rijeka in 2011.
Key Industry Trends: Philippines Operator ICTSI Gains Rijeka Concession - ICTSI acquired at 51% stake in the Bradjica Container Terminal at the Port of Rijeka (now renamed Adriatic Gate Container Terminal, AGCT). Expansion work is currently under way at the terminal, which is seen as a gateway to south-eastern Europe, with the facility's quay to be extended and its draft deepened to 14.5m to increase its annual throughput capacity to 600,000 20-foot equivalent units (TEUs).
Port Of Ploce Operator Doubles Profit - Luka Ploce said that its Q111 consolidated net profit rose to HFK4.4mn (US$885,900), more than double the HFK2.1mn achieved in the comparable year-earlier period. The operator said freight traffic was up by 12% during the quarter, led by a 39% surge in bulk cargo.
Key Topics Covered:
SWOT Analysis:
- Croatia 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 Ploce
- Overview
- Terminals, Storage And Equipment
- Expansions And Developments
- Multi-Modal Links
- Port of Rijeka
- 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
Companies Mentioned:
- Maersk Line
- Mediterranean Shipping Company (MSC)
- CMA CGM
- Hapag-Lloyd
- Evergreen Line
- APL
- CSAV
- COSCO Container Lines Company Limited (COSCON)
- Hanjin Shipping (Container Operations)
- China Shipping (CSCL)
For more information visit http://www.researchandmarkets.com/research/14278a/croatia_shipping_r