Report Published: "Russia Shipping Report Q3 2014"

From: Fast Market Research, Inc.
Published: Thu Jul 24 2014


Russia's two bellwethers, the port of St Petersburg, Russia's main box facility, and the port of Novorossiysk, one of the country's largest ports in terms of total throughout, are set to hold their respective positions in Russia's maritime sector in 2014. Although we expect Russia's consumer story to remain attractive over the next few years, helping container throughput growth at the country's ports, economic growth will be modest in 2014 and 2015 as the main driver of growth over the past decade - household consumption - continues to weaken.

St Petersburg is expected to post a year of growth both in tonnage and containers in 2014, while Novorossiysk is forecast to post growth in box throughput.

Over the medium term we project further growth at the port of St Petersburg both in terms of tonnage and box throughput and growth in container throughput at the port of Novorossiysk.

Headline Industry Data

Full Report Details at
- http://www.fastmr.com/prod/852082_russia_shipping_report_q3_2014.aspx?afid=301

* 2014 port of St Petersburg tonnage throughput forecast to grow 5%. Over the medium term we project a 13% increase.
* 2014 port of St Petersburg container throughput forecast to grow 2%. Over the medium term we project a 13% increase.
* 2014 total trade growth forecast at 3.75%.

Key Industry Trends

Northern Sea Route's Cargo Tonnage to Increase to 4mn Tonnes: Russian President Vladimir Putin has called for a well adapted economic model for the development of the Northern Sea Route (NSR) to increase the route's cargo tonnage to an annual level of 4mn tonnes by 2015. According to him, construction of ice-class vessels and new nuclear and diesel-powered icebreakers needs to be completed at a faster pace. Also, the government should conclude the creation of a modern navigation, communication, technical maintenance and emergency relief infrastructure across the entire length of the NSR.

Risks To Outlook

We highlight Russian port privatisation, Russia's entry to the WTO and the country's hosting of the FIFA World Cup in 2018 as the major developments that offer...

The Russia Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Russia.

BMI's Russia Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Russia.

Key Benefits

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Venezuela Shipping Report Q3 2014
- Taiwan Shipping Report Q3 2014
- Oman Shipping Report Q3 2014
- Saudi Arabia Shipping Report Q3 2014
- Iran Shipping Report Q3 2014
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »