Estonia Shipping Report Q2 2011: New research report available at Fast Market Research

New Transportation research report from Business Monitor International is now available from Fast Market Research
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April 1, 2011 - PRLog -- Tonnage throughput at Estonia's largest port, Tallinn, is forecast to post another year of growth in 2011 following two successful years, which allowed the port to recover from the decline of 2007-2008. Box throughput is also predicted to grow after doing well in 2010.

The latest yearly figures (January-December 2010) show that tonnage and container volumes at the port of Tallinn increased by 16% year-on-year (y-o-y), reaching 36.6mn tonnes and 151,969 20-foot equivalent units (TEUs) respectively.

The published results present a firm foundation for BMI's forecasts for port throughput at Tallinn for 2011 and for the rest of the mid term. We predict that the port's tonnage will reach 42.8mn tonnes in 2015, increasing by 6.77% on the projected 2011 handling figure. Container volumes for the same period will increase by 24.6% to reach 199,801TEUs in 2015.

Headline Industry Data

* 2011 port of Tallinn tonnage throughput forecast to rise 9.31% following growth of 15.99% in 2010.
 * 2011 Tallinn container throughput forecast to rise 5.55% following growth of 15.95% in 2010.
 * 2011 total trade growth forecast to rise 4.75%.

Key Industry Trends

Ust-Luga To Drain Liquid-Bulk Trade: In January 2011 the port of Tallinn handled 2.2mn tonnes of liquid bulk, up from the 2.1mn tonnes handled in January 2010. Liquid bulk accounts for 74.9% of Tallinn's total throughput, but despite its dominance the rise in this cargo was not sufficient to offset the decline in dry bulk, Tallinn's second largest category of cargo, which fell by 52.4% y-o-y to 315,200 tonnes, dragging down the port's total throughput by 3.7% y-o-y. Although liquid bulk handling cushioned the blow in January 2011, we are fearful of how long it will be able to do so. The port acts as a conduit for Russian oil and petroleum product transhipment, which is set to start drying up now that Russia boasts its own domestic oil terminal on the Gulf of Finland. We warn that our forecast is likely to be factored down as the year progresses and the true extent of the loss of cargo is understood.

China Pulling Out, But Central Asia Offers New Box Upside: BMI has previously noted the port's potential to develop into a container gateway, which piqued the interest of the world's eighth-largest container port, the port of Ningbo. However, the Chinese began to cool on the deal in 2009 and it is currently being reported that it is unlikely the Chinese will be part of the project. FESCO is rumoured to be the Russian firm the port is hoping to attract. Russian company Rail Grant is also reported to be interested. The port of Tallinn is actively looking for new box clients and appears to have set its sights on developing as part of a container supply chain to meet the trade needs of Central Asian states.

Risks to Outlook

Potential upside risk to BMI's throughput forecasts is due to our country risk team's view that 2011 will be a year of continued recovery for Estonia, with real GDP growth accelerating to 2.5%. The labour and credit markets will improve, but slowly. Country's total trade is also predicted to increase in real terms. Further upside risks might appear if the port of Tallinn manages to succeed in becoming a distribution/transit centre for goods from Central Asian countries such as Kazakhstan and Uzbekistan.

Russia's increasing usage of its own ports for oil exports adds downside risk to our port throughput forecast for Estonia.

For more information or to purchase this report, go to:

Report Table of Contents:

SWOT Analysis
- Estonia 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 Tallinn
- 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
- Mediterranean Shipping Company (MSC)
- Evergreen Line
- Hapag-Lloyd
- Neptune Orient Lines (& APL)
- CSAV Shipping
- China Ocean Shipping (Group) Company
- Hanjin Shipping
- China Shipping (CSCL)
- Mitsui OSK Lines (MOL)
- Nippon Yusen Kabushiki Kaisha (NYK)

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

About Fast Market Research

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For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

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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.
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Tags:Port, Tallinn, Shipping, Container, Liquid, Tonnage, Box, Cargo, Russian, Oil
Industry:Transportation, Automotive, Shipping
Location:Massachusetts - United States
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