Greece Shipping Report Q4 2015

Date: September 16, 2015
Pages: 118
US$ 1,295.00
Report type: Strategic Report
Delivery: Download
ID: G0665402842EN

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Includes 3 FREE quarterly updates

BMI View: Within a turbulent economic and political climate, Greek ports and shipping continue to show resilience as they focus on their roles as regional gateways and transhipment hubs rather than relying on domestic demand. We forecast positive growth at the ports of Piraeus and Thessaloniki in 2015 and the medium term. The new government is attempting to have investment committed to the ports as part of privatisation agreements and is also targeting Greek ship owners with new taxation scheme propositions.

Adding to these considerations, early elections to be held in September create a greatly volatile market. The port of Piraeus remains the leading Mediterranean container hub and diversification strategies implemented by COSCO, which operates two of its terminals, have helped the port establish itself as a transhipment hub and delinked it from domestic market downturns. Privatisation of up to 67% of the port's shares will also mean EUR300mn in investments in the port within the next five years, according to the suggested terms of the current government. Development projects in the pipeline include dredging work, rail link improvements and storage for bulk materials. The port of Thessaloniki, which has recorded growth in volumes handled in the first half of 2015 compared to 2014, will also benefit from similar privatisation terms. The port plans to develop new sites at the container terminal and additional storage for cargo amongst other projects. Economic growth forecasted for Thessaloniki's trading partners of Serbia, Macedonia, Albania and Bulgaria also support trade volume forecasts for the port. However, stricter taxation around ship owners based in Greece may harm activity levels in Greek ports if companies choose to relocate as a result of these taxes being rolled out. Nonetheless, BMI believe that the country's favourable location will help it retain trade volumes.
BMI Industry View
Operational Risk
Industry Forecast
Port Of Piraeus Throughput
Port Of Thessaloniki Throughput
  Table: Major Ports Data (Greece 2012-2019)
  Table: Trade Overview (Greece 2012-2019)
  Table: Key Trade Indicators (Greece 2012-2019)
  Table: Greece's Top Import Sources, 2006-2013 (USDmn)
  Table: Greece's Main Export Partners, 2006-2013 (USDmn)
Market Overview
Greece Container Shipping Market Overview
Company Profile
Diana Containerships
Diana Shipping
Paragon Shipping
Shipping - Global Industry View
Container Shipping: Three Key Themes
  Table: Major Beneficiaries
  Table: Order Book For New Mega Vessel Class
  Table: Vessel Capacity By Trade Route
Global Company Strategy
Maersk Line
Mediterranean Shipping Company (MSC)
Navios Maritime Holdings
Evergreen Line
COSCO Container Lines Company (COSCON)
Macroeconomic Forecasts
Economic Analysis
  Table: Economic Activity (Greece 2010-2019)
Demographic Data
Demographic Forecast
  Table: Population Headline Indicators (Greece 1990-2025)
  Table: Key Population Ratios (Greece 1990-2025)
  Table: Urban/Rural Population & Life Expectancy (Greece 1990-2025)
  Table: Population By Age Group (Greece 1990-2025)
  Table: Population By Age Group % (Greece 1990-2025)
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