"Romania Shipping Report Q2 2011" is now available at Fast Market Research

March 21, 2011 - PRLog -- BMI believes that 2011 will be the year that the Romanian port of Constantza begins it recovery. According to our predictions (full-year data has yet to be published), throughput at the port in terms of both total tonnage and 20-foot equivalent unit (TEU) throughput contracted for a second consec.utive year in 2010, with the country's real GDP declining by 1.9%.

As the country's real GDP begins to recover, by a forecast 2.1% in 2011, we project throughput at the port will also rise. The port's recovery back to pre-downturn levels will, however, be long, and could be frustrated by a potential slowdown in consumer demand on the back of austerity measures in the country.

Headline Industry Data

* 2011 port of Constantza tonnage throughput forecast to grow 6%. Over the mid term we project a 39.2% increase.
 * 2011 port of Constantza container throughput forecast to grow 4.5%. Over the mid term we project a 27.66% increase.
 * 2011 total trade growth forecast at 6.5%


Key Industry Trends

Facing Competition For Hub Status: Constantza, the Black Sea's hub port, could soon see competition from the port of Odessa. Investment is being ploughed into the facility and the port will no doubt be seeking to take over dealing with the Ukraine cargo that currently is shipped to Constantza and then on to Ukraine. BMI believes that Romania will remain as the transhipment hub, however, as it offers entry into Central and Eastern Europe and has both DP World and APM Terminals operating there.

Risks To Outlook

Romania has pulled out of its deep recession, but BMI still fears the impact austerity measure will have on the country's consumer and so by extension container shipping, which is driven by consumer demand. We fear the fiscal measures will be met with a tightening of belts, which could see the box recovery be far more muted than we are currently projecting.

A second downside worry is Constantza's role a a transhipment hub, with investment being ploughed into the Ukrainian port of Odessa in a strategy which appears aimed at the port catering for direct services, as it will be able to take bigger ships. Constantza has faced competition and lost out before. In 2009 Constantza, was snubbed in favour of Bulgarian port Bourgas, as major steel producer ArcelorMittal chose to make Bourgas its transhipment hub for raw materials bound for steel operations in Romania.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/127246_romania_shipping_report...


Report Table of Contents:

SWOT Analysis
- Romania Shipping SWOT
Global Overview
- Container Industry Overview
- Table: Floating Back To The Yards - New Orders
- Dry Bulk Shipping Overview
- Table: Expansion Ahoy - Tata NYK Shipping Fleet Overview
- Table: Chief Importers Primary Destinations for Gladstone's Coal Exports
- Liquid Bulk Shipping Overview
Industry Trends And Developments
Market Overview
- Port of Constantza
- 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
Company Profiles
- A.P. MOLLER-MAERSK
- Mediterranean Shipping Company (MSC)
- CMA CGM
- Evergreen Line
- Hapag-Lloyd
- Neptune Orient Lines (& APL)
- CSAV Shipping
- China Ocean Shipping (Group) Company (COSCO)
- Hanjin Shipping
- China Shipping (CSCL)
- Mitsui OSK Lines (MOL)
- Nippon Yusen Kabushiki Kaisha (NYK)

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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.