"Venezuela Shipping Report Q2 2015" now available at Fast Market Research

The situation within the wider Venezuelan economy is set to have a detrimental effect on our shipping forecasts for the country over at least the short term. Following another significant downgrade to our oil price forecasts, we have downwardly adjusted our expectations for Venezuelan growth in 2015 and 2016. We now expect that the recession that began in 2014 will become even more pronounced in 2015, and negative growth will persist into 2016.

Both Colombia and Venezuela are poised to face rising pressure on their export growth due to falling oil prices and sluggish crude production growth. However, Venezuela is especially vulnerable given the government's unwillingness to address the structural drivers underpinning the hydrocarbon sector's underperformance.

Growth in the Venezuelan shipping sphere is to go backwards in 2015 with the country's largest port at Cabello set to endure year-on-year (y-o-y) contractions in terms of both tonnage and container throughput handled. The Port of La Guaira will at least post positive growth in tonnage terms, but will also see a contraction in box throughput in 2015.

Full Report Details at
- http://www.fastmr.com/prod/956920_venezuela_shipping_report_q2_2015.aspx?afid=301

Headline Industry Data

* 2015 Puerto Cabello tonnage throughput growth is forecast to contract by 0.50%.
* 2015 Puerto Cabello container throughput to contract by 2.00%.
* 2015 Port of La Guaira tonnage throughput growth forecast at 0.40%.
* 2015 Port of La Guaira container throughput to shrink by 1.00%.

Key Industry Trends

Ports Struggling With Increased Workload - An increase in fuel imports that has been prompted by PDVSA's 1.3mn barrel per day domestic refining network has meant that ports in Venezuela are currently struggling to get through their cargo loads in a timely manner, Reuters reported in mid-November 2014. According to the news wire, 'firms such as BP, Noble Group and Vitol are lining up to sell the cargoes'.

Venezuela Receives Fourth Ship As Part Of People's Trade Agreement - Cuba delivered the fourth and final cargo ship to...

The Venezuela 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 Venezuela.

BMI's Venezuela 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 Venezuela.

Key Benefits

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