Russia Shipping Report Q4
2012

Russia Shipping Report Q4 2012

BMI highlights three developments which are set to have a major impact on Russia's shipping sector over 2013 and beyond. The first is Russia's recent membership of the World Trade Organisation. The impact of this development won't be immediate, but over the medium term the country's shipping sector will benefit from increased trade volumes, with the country's ports projected to be the major beneficiaries. In terms of the companies set to benefit, BMI highlights port authorities, such as the Novorossiysk Commercial Seaport (NCSP) and shipping lines such as FESCO, as well as other freight transport companies, such as rail freight operators. The second development that is set to have a positive impact on Russia's maritime sector is the country's privatisation drive. The program of privatisation is ongoing, for example a stake in Sovcomflot (SCF Group) is still due to be privatised, but some concerns have already been auctioned off and so the benefit of greater private participation in the maritime sector is on display. The most recent example was evidenced this quarter, with the port of Murmansk's new major stake holder, the mining firm SDS-Ugol, part of the Sibirskiy Delovoy Soyuz (Siberian Business Union) outlining its plans to develop a US$200mn coal harbor project, to boost the facility's role in the global coal supply chain. A major part of Russia's privatisation drive of state assets, while also raising revenue for the government coffers, has been to ensure the development of the country's vital infrastructure interests and by offering stakes to private firms the government can ensure that Russia's maritime sector is invested in and modernised. The third and final development, which is set to have a positive impact on Russia's maritime sector over the medium term and boost throughput at the nation's ports, is the country's preparation for the 2014 Winter Olympics in Sochi. BMI projects the port of Novorossiysk to be the major beneficiary, but ports in the Krasnodar region, including the newly completed cargo port on Sochi will also play a role. BMI expects cargo throughput at port facilities in the region to increase, as they play a role in bringing in building materials for the completion of construction of the Olympic facilities. Then in H113 and H114 we project a ramp up in throughput, particularly in the container shipping sector, as the last minute exports are brought in to cater for a projected boom in consumer demand, with the influx of tourists to watch the games. Headline Industry Data 2012 Port of Novorossiysk tonnage throughput forecast to grow 5.5%; over the mid term we project a 63.7% increase. Russia Shipping Report Q4 2012

• BMI Industry View
• SWOT Analysis
• Russia Shipping SWOT
• Russia Political SWOT
• Russia Economic SWOT
• Russia 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 ($/Bbl)
• Iran Sanctions Continue To Affect Crude Shipping
• Saudi Arabian Merger Bad News For Other Operators
  • Table: Biggest Operators Of VLCCs & ULCCs
• Bullish On Golar LNG Prospects
• Tight Market Creates Boom Times For Rig Sector
• Industry Trends And Developments
• Russia Container Shipping Market Overview
• Industry Forecast
• Port of St Petersburg Throughput Outlook Q4 2012
• Port of Novorossiysk Throughput Outlook
  • Table: Major Port Data, 2009-2017
  • Table: Trade Overview, 2009-2017
  • Table: Key Trade Indicators, 2009-2017
  • Table: Main Import Partners (US$mn), 2002-2009
  • Table: Main Export Partners (US$mn), 2002-2009
• Company Profiles
• Russia Shipping Report Q4
• Sovcomflot (SCF Group)
• FESCO Transportation Group (FESCO)
• Murmansk Shipping Company (MSC)
• Primorsk Shipping Corporation (PRISCO)
• 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: Russia's Population By Age Group, 1990-2020 ('000)
  • Table: Russia's Population By Age Group, 1990-2020 (% of total)
  • Table: Russia's Key Population Ratios, 1990-2020
  • Table: Russia's Rural And Urban Population, 1990-2020