Croatia Shipping Report - Business Monitor International - Industry Reports

Croatia Shipping Report

Croatia Shipping Report - Business Monitor International - Industry Reports
Croatia Shipping Report
Published Nov 14, 2015
81 pages — Published Nov 14, 2015
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Abstract:

LNG Terminal Bidding Deadline Extended: In October ---- the newly formed joint venture between HEP power utility and Plinacro gas transmission operator, LNG Croatia, responsible for developing the LNG import terminal project at the Island of Krk, extended the deadline for submitting bids for its construction to December -- ----. The EUR---mn (USD---mn) terminal is seen as a strategic investment which will increase Croatia s energy independence and improve links with other European countries seeking to diversify away from Russia s pipeline gas supply. ...The LNG storage and regasification terminal will increase shipping activity in Croatia through regular visits by LNG carriers to feed the terminal. In addition, with LNG becoming a popular choice to fuel ships, the terminal is to be located in proximity to the country s largest port, which will offer the opportunity to perform LNG bunkering services and attract LNG-fuelled ships in the region. The LNG storage and regasification terminal will increase shipping activity in Croatia through regular visits by LNG carriers to feed the terminal. ...The facility will serve the transport and freezing of fish and have a storage capacity of -,--- tons. Infrastructure improvement keeps the region competitive, with further investment in port facilities in Zadar expected in the coming years.

...Our forecast for ---- growth in terms of tonnes throughput is at -.- , close to our ---- estimate of -.- . We estimate box handling growth remained stronger at an estimated -.- in ----, to settle at -.- in ----. ...We estimate box handling growth remained stronger at an estimated -.- in ----, to settle at -.- in ----. The port has experienced important growth in container throughput since ---- when International Terminal Services (ICTS) acquired a stake in the port and focused on its development as a maritime gateway, but we expect this to even out over the medium term and average at -.- between ---- and ----. Similarly, tonnage throughput will settle at around - with our forecasts indicating an average of -.- growth over the medium term. The recovering but depressed European economy is still holding back extensive trade expansion which is evident in other Croatian ports with the Port of Ploce s box handling estimated to contract by -.- in ---- and -.- in ----. An average GDP real growth of -.- forecasted over the medium term does not offer room for much optimism on strong expansion in Croatia s shipping industry in the coming years but remains a welcome projection as it follows six years of contraction with

...< ALACRA META ABSTRACT>BMI View: We estimate positive growth in tonnage and box throughput at Croatia s largest port, the Port of Rijeka, for ----. Although this will be slower than ---- we forecast that in ---- tonnage handled will increase faster and container throughput growth will remain strong. ...

  
Source:
Document ID
2040-9850
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. "Croatia Shipping Report" Nov 14, 2015. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Croatia-Shipping-Report-2026-865>
  
APA:
Business Monitor International - Industry Reports. (2015). Croatia Shipping Report Nov 14, 2015. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Croatia-Shipping-Report-2026-865>
  
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