New Market Research Report: Turkey Shipping Report Q4 2015

In 2015, annual growth across Turkey's main ports is set to be healthy, with the port of Ambarli forecast to see year-on-year (y-o-y) tonnage growth of 7.30%, while box throughput at the port will come in at a lower rate of 6.44%. Meanwhile, the growth picture at the port of Haydarpasa will be equally impressive with tonnage forecast to increase by 8.22% y-o-y (the outperformer in 2015) and container throughput by 3.90% in 2015. The port of Izmir is not set to see similar levels of growth to Ambarli and Haydarpasa (2.25% and 2.30% in tonnage and box terms, respectively). The growth at Turkish ports is predicated on rising total trade growth in real terms this year (4.85%).

The trade picture in Turkey has some pertinent potential bright spots on the horizon, which should provide a shot in the arm to the country's shipping industry. Peru is currently negotiating free trade agreements (FTAs) with Turkey and Honduras, and is likely to subsequently start trade negotiations with India and Indonesia, according to Peruvian Minister of Foreign Trade and Tourism Magali Silva.

Full Report Details at
- http://www.fastmr.com/prod/1052988_turkey_shipping_report_q4.aspx?afid=301

Meanwhile, Turkish President Recep Tayyip Erdogan's visit to Iran was ai med at boosting bilateral trade . Erdogan had previously stated that Ankara may consider providing logistical support to the Saudi-led military mission in Yemen. The remarks had caused uproar in Iran. During the visit, eight economic cooperation deals were signed between the two countries. In addition, Erdogan proposed eliminating the US dollar and the euro as the currency of commercial transactions, using national currencies instead, reported by Al-Monitor.

Headline Industry Data

2015 port of Ambarli tonnage throughput is forecast to grow 7.30% to 4.59mn tonnes; over the medium term to 2019, we project average annual growth of 6.74%.
2015 port of Ambarli container throughput is forecast to grow 6.44% to 3.90mn twenty-foo equivalent units (TEUs); over the medium term we project annual average growth of 6.33%.

The Turkey 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 Turkey.

BMI's Turkey 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 Turkey.

Key Benefits

* Benchmark BMI's independent shipping industry forecasts for Turkey

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