Recently released market study: Kenya Shipping Report Q2 2010

New Transportation market report from Business Monitor International: "Kenya Shipping Report Q2 2010"
 
April 16, 2010 - PRLog -- 2009 has been a tough year for the shipping sector - container freight rates have plunged with industry observers issuing profit warnings for container lines' full-year results. The liquid bulk sector has remained afloat, as tankers have been used for oil-storage purposes. Dry bulk shipping fortunes have fluctuated from all-time lows, to showing a steady recovery, to dipping once more, as the sector's fortunes have become increasingly tied to China's raw material needs. Our Q409 Kenya Shipping Report poses the question, as 2009 draws to a close, of what 2010 holds for the country's shipping sector. Throughput at Kenya's main port of Mombasa is expected to take a battering in 2009 as the country's total trade declines by a projected 2%. BMI estimates that the port of Mombasa's total tonnage will decline by 5.32%, with box volumes at the port expected to fall by 6.71% year-on-year (y-o-y). 2010 will see a throughput recovery at the port, on the back of a predicted upturn in global trade. We forecast that in 2010 total tonnage at the port of Mombasa will increase by 7.66% and container volumes will grow by a projected 9.89%. BMI has also calculated expected throughput volumes at the port for the rest of the mid term (2011- 2013). For the country's main port of Mombasa we predict average yearly changes in the total tonnage throughput and container volumes for this period. This allows us to predict whether or not these changes will enable the port to reclaim its pre-downturn level of tonnage throughput and to reverse the port's container decline during our forecast period. The recovery in throughput volumes at the Kenyan port of Mombasa is reliant upon a revival in the country's trade volumes. For the whole of 2009 BMI expects Kenya's total trade to decrease by 2%. A recovery in trade growth is due to begin in 2010 with an increase of 2.38% expected. Also in this report, BMI predicts average yearly change in the country's total trade over the rest of the mid term (2011-2013). BMI does not expect Kenya's main trade partners of Uganda, the UAE, the UK, China, Saudi Arabia, India, the Netherland's, Tanzania, South Africa and the US to change dramatically over the mid term.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/56830_kenya_shipping_report_q2...

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/catalog/publishers.aspx?pubid=1010

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.
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Zip:01267
Tags:Port, Shipping, Mombasa, Container, Tonnage, Mid, Fortunes, Yearly
Industry:Transportation, Automotive, Shipping
Location:Massachusetts - United States
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