Estonia Shipping Report Q1 2015

Estonia Shipping Report Q1 2015

Includes 3 FREE quarterly updates

Competition from the new Russian Baltic port of Ust-Luga remains a continuing negative for Estonia's Tallinn port. But despite the initial setback on this front, Tallinn has been recovering and diversifying its business. In 2015 tonnage at the Estonian port is expected to register its second year of low growth after big contractions in 2012 and 2013 when Ust-Luga first began operations. In contrast, we expect stronger growth in container activity levels to be achieved in 2015.
BMI is positive about the economic outlook for Estonia. While there are doubts about the strength of the Eurozone recovery and relations with Russia, we believe that rising domestic demand will more than offset lower export growth. Following a recent revision of the country's national account data that raised GDP growth in 2013, we now predict 2.8% expansion in 2015 rising to 3.1% in 2016. The real motor for this will be strong private consumption, which has recently been helped by nominal wage growth and a short period of consumer price deflation. Together these two things delivered a strong boost to purchasing power. The parliamentary elections due in March 2015 may also prompt the normally austere Reform Party, which leads the government, to allow an increase in social expenditure, which will be growth-positive.
BMI Industry View 5
SWOT 7
Shipping 7
Political 8
Economic 9
Industry Forecast 10
Port Of Tallinn Throughput 10
Table: Major Port Data (Estonia 2011-2018) 15
Table: Trade Overview (Estonia 2011-2018) 15
Table: Key Trade Indicators (Estonia 2011-2018) 16
Table: Top Import Partners, 2004-2012 17
Table: Top Export Destinations 2004-2012 18
Market Overview 19
Estonia Container Shipping Market Overview 19
Industry Trends And Developments 33
Shipping - Global Industry View 36
Container Shipping Demand: 36
Container Shipping Supply: 44
Table: Alliance Overview 49
Container Shipping Rates: Fuel Surcharges To Kick Off 2015 50
Global Company Strategy 54
Maersk Line 54
Mediterranean Shipping Company (MSC) 64
CMA CGM 70
Evergreen Line 82
COSCO Container Lines Company (COSCON) 89
Macroeconomic Forecasts 97
Economic Analysis 97
Table: Economic Activity (Estonia 2009-2018) 102
Demographic Forecast 103
Table: Population Headline Indicators (Estonia 1990-2025) 104
Table: Key Population Ratios (Estonia 1990-2025) 104
Table: Urban/Rural Population & Life Expectancy (Estonia 1990-2025) 105
Table: Population By Age Group (Estonia 1990-2025) 105
Table: Population By Age Group % (Estonia 1990-2025) 106
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