Brazil Shipping Report - Business Monitor International - Industry Reports

Brazil Shipping Report

Brazil Shipping Report - Business Monitor International - Industry Reports
Brazil Shipping Report
Published Aug 08, 2015
104 pages — Published Aug 08, 2015
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: Although we expect to see total trade growth fall by -.-- in ----, Brazil s top export product, iron ore, is set to grow in ---------, reaching ---mnt in ----, providing momentum for the country s shipping industry as a result. Leading the way in year-on-year (y-o-y) box throughput terms will be the port of Itajai (--.- ), while in the tonnage sphere, the port of Suape (--.- ). ...Fuel costs make up around --.- of total shipping costs and will decrease on the back of lower fuel prices, boosting shippers. In our view, lower fuel prices will limit shipping cost s importance in terms of overall costs, as lower fuel prices will decrease the spread between Australian and Brazilian shipping costs in absolute terms. We see the current account deficit peaking in ----, at -.- of GDP and it will gradually narrow in subsequent years on the back of a modestly brighter outlook for goods exports, due in part to rising oil exports, still-tepid goods imports, and a stabilisation of the services deficit. ...In our view, lower fuel prices will limit shipping cost s importance in terms of overall costs, as lower fuel prices will decrease the spread between Australian and Brazilian shipping costs in absolute terms. We see the current account deficit peaking in ----, at -.- of GDP and it will gradually narrow in subsequent years on the back of a modestly brighter outlook for goods exports, due in part to rising oil exports, still-tepid goods imports, and a stabilisation of the services deficit.

...transport concessions programme - the Logistics Investment Programme (PIL) - will not ease the current construction industry recession, which we anticipate will continue throughout ----. Over a multi-year horizon, Brazil s newly announced BRL---.-bn (USD--.-bn) transport concessions programme - the Logistics Investment Programme (PIL) -offers some improvements on the first phase (USD---bn launched in ----), with measures to attract more international investors and reduce the dominance of state development bank BNDES as financier, thus boosting the shipping industry. However, local content requirements and other high costs of doing business in Brazil will mean only high yielding projects will be attractive. We expect the most attractive projects will be in airport and port sectors. In order to open up the full portfolio of concessions on offer to investors, measures to address labour costs, the tax burden and heavy regulatory oversight will be necessary.

...Brazil s ports are poorly developed by international standards. Lack of investment is a continuing problem for the port sector, creating bottlenecks during periods of high demand, such as the peak of the sugar harvest. ...A third major fire at a Santos sugar exporting terminal in October ---- could affect sugar exports. According to a report, nearly -- legal actions involving the Brazilian federal government and the country s port terminal operators have been filed since major changes to ports legislation was introduced on June - ----. We have grown increasingly pessimistic on Brazil s economic outlook, revising down our ---- forecast to -.- from -.- . ...

  
Source:
Document ID
2041-658X
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Brazil Shipping Report" Aug 08, 2015. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Brazil-Shipping-Report-2026-1168>
  
APA:
Business Monitor International - Industry Reports. (2015). Brazil Shipping Report Aug 08, 2015. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Brazil-Shipping-Report-2026-1168>
  
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