Just Published: "Venezuela Shipping Report Q3 2015"

From: Fast Market Research, Inc.
Published: Wed May 06 2015

We envisage a quite torrid 12 months for Venezuela's shipping industry, with the country's two main ports (Cabello and La Guaira) both set to register contractions across box and tonnage throughput. We continue to believe that the recession that began in 2014 will become even more pronounced in 2015, and negative growth will persist into 2016, with the shipping industry not strong enough to withstand these headwinds.

The country's largest port by some margin is Puerto Cabello, is set to once more see growth reverse, indeed positive year-on-year (y-o-y) growth has not been achieved at the facility since 2012. Similarly, the port of La Guaira will struggle in 2015 with both container and tonnage throughput shrinking by 1% which is, nevertheless, an improvement on 2014's performance.

Full Report Details at
- http://www.fastmr.com/prod/987585_venezuela_shipping_report_q3.aspx?afid=301

Infrastructure projects in Venezuela and Ecuador are heavily funded by the government as their hostile business environment has deterred and actively rejected private investment in the sector. Declining government revenue - as a result of falling oil prices - will likely see the delay and cancellation of projects, particularly those currently in the planning stage, with the ports sector set to suffer as a result. In addition, as Venezuela and Ecuador have very limited access to international capital markets, we expect their dependence on Chinese funding to considerably increase for as long as oil prices remain low.

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 to contract by 1.00%.
* 2015 Port of La Guaira container throughput to shrink by 1.00%.

Key Industry Trends

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The Venezuela Shipping Report has been researched at source and features latest-available data and BMI Research'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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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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