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Follow on Google News | "Peru Shipping Report Q2 2011" is now available at Fast Market ResearchNew Transportation research report from Business Monitor International is now available from Fast Market Research
Headline Industry Data ?? Total Peruvian trade (imports + exports) will remain vigorous in 2011: BMI predicts real term growth of 8.3%, compared to 9.8% in 2010 ?? We are projecting box traffic at Callao to grow 12.3% this year to 1.022mnTEUs ?? Gross tonnage at Callao will also be positive (+6.5% to 18.572mn tonnes) Key Industry Trends Labour unrest at the Port of Callao continues to be a concern. Port operations were disrupted by strike action at Muelle Norte in late January and continued in early February. The dispute was politicised, with labour unions and opposition parties seeking to challenge plans to award a private sector concession to run the terminal. There were also separate concerns that the concession might be awarded to DP World, which already operates a terminal and would therefore have a potentially monopolistic or quasimonopolistic position in Callao. The demands of growing mineral exports and trade with Asia require greater investment in Peruvian port infrastructure. According to a report by the Lima Chamber of Commerce, about US$2bn needs to be invested in improving the quality of Peru's ports. Peru is ranked 113th out of 133 countries for quality of port infrastructure, according to the World Economic Forum's Global Competitiveness Report (although admittedly this represents a jump of 13 places compared to an earlier report a year ago). South America's Pacific ports have decided to come together in a strategic alliance and to share technical information. Mario Arbulu, president of Peru's state-owned ports operator Enapu, was appointed as president of the new group, called the South American Pacific Port Community (Copasud). Key Risks to Outlook BMI believes risks to our Peruvian port and shipping forecasts are evenly poised. There is an upside risk that, based on a fairly smooth electoral process and transition to a new administration, particularly if it is led by Alejandro Toledo, a positive private sector and foreign investor response will boost 2011 growth prospects and increase demand for the services of the ports and shipping sector. The downside risk is the April elections will result in increased political and trade union protests, and coupled perhaps with some inflationary pressure this will force greater-than- For more information or to purchase this report, go to: - http://www.fastmr.com/ About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts 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/ About 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. # # # 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. End
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