Latvia Shipping Report Q4
2012

Latvia Shipping Report Q4 2012

The port of Riga is set to hold the top position in Latvia's maritime sector in terms of both total tonnage and container throughput in 2012, after demonstrating robust growth in 2011. Riga has a strong position to build on in 2012. Its 2011 throughput enabled the facility to retain its second place ranking amongst the Baltic states' container ports, after Lithuania's Klaipeda, and so far in 2012 the port posts double digit year-on-year (y-o-y) growth. Over the medium term we project further throughput increase at the port of Riga. Ventspils, the country's second largest port in terms of the total throughput, has started its recovery, as it returned to positive growth in 2011, and is on course to return to its pre-downturn tonnage levels. Headline Industry Data

• 2012 port of Riga tonnage throughput forecast to grow 9%, over the medium term we project a 21% increase.
• 2012 port of Riga container throughput forecast to grow 17%, over the medium term we project a 57% increase.
• 2012 total trade growth forecast at 7.9%. Key Industry Trends Riga Gets Better Connected: The docking of the UBC Onsan, a 260m long and 43m wide dry bulk carrier with a draught of 14.5m, the largest ship to dock at the port of Riga, highlights the port's desire to handle larger vessels. This is wise considering that the trend in the maritime sector is toward the development of larger ships and that the port of Riga must continue to develop in order to handle even larger vessels in the medium term in order to keep pace with the trend. Mitsubishi Decides Against Riga: Japanese carmaker Mitsubishi has selected Estonia's Port of Tallinn as a 'strategic partner' for shipping auto components and supplies to its new plant in Kaluga, Russia. Mitsubishi is determined to triple its vehicle output in Russia and has decided to ship components to Russia via the Baltics. The authorities at Riga were reported to have acknowledged that Tallinn had offered better terms. Latvia Shipping Report Q4 2012

• BMI Industry View
• SWOT Analysis
• Latvia Shipping SWOT
• Latvia Political SWOT
• Latvia Economic SWOT
• Latvia Business Environment SWOT
• Global Overview - Container Shipping
• More Positive Box Outlook In H212
• Box Supply Demand Imbalance Worsens
• Concerted Rate Push Must Continue
• Bunker Price Still A Worry
• 2013: A Year Of Mega Realisation
• Containerisation Revolution Hits Dry Bulk
• Global Overview - Dry Bulk Shipping
• Stockpiling: A Threat To Dry Bulk Shipping
• Overcapacity A Long Term Problem
• Bankruptcies To Continue
• Vale's Forced Diversification Hedges Against China Slowdown
• Protectionism Trend Takes Off
• Global Overview - Liquid Bulk Shipping
• Executive Summary: Unconventional Sectors To Outshine Traditional Crude
• Dirty Tanker Index To Remain Depressed
• Bunker Prices Down, But So Are Rates
  • Table: BMI's Bunker Fuel Forecasts, 2010-2016 ($/Bbl)
• Iran Sanctions Continue To Affect Crude Shipping
• Saudi Arabian Merger Bad News For Other Operators
  • Table: Biggest Operators Of VLCCs & ULCCs
• Bullish On Golar LNG Prospects
• Tight Market Creates Boom Times For Rig Sector
• Industry Trends And Developments
• Latvia Container Shipping Market Overview
• Industry Forecast
• Port of Riga Throughput Outlook Q4 2012
• Port of Ventspils Throughput Outlook Q4 2012
  • Table: Major Port Data, 2009-2017
  • Table: Trade Overview, 2009-2017
  • Table: Key Trade Indicators, 2009-2017
  • Table: Main Import Partners (US$mn), 2002-2009
  • Table: Main Export Partners (US$mn), 2002-2009
• Company Profiles
• Latvia Shipping Report Q4
• Latvian Shipping Company (LASCO)
• Maersk Line
• Mediterranean Shipping Company (MSC)
• CMA CGM
• COSCO Container Lines Company Limited (COSCON)
• Hapag-Lloyd
• Evergreen Line
• APL
• China Shipping Container Line (CSCL)
• Hanjin Shipping (Container Operations)
• Mitsui OSK Lines (MOL) (Container)
• Demographic Outlook
  • Table: Latvia's Population By Age Group, 1990-2020 ('000)
  • Table: Latvia's Population By Age Group, 1990-2020 (% of total)
  • Table: Latvia's Key Population Ratios, 1990-2020
  • Table: Latvia's Rural And Urban Population, 1990-2020