Venezuela Shipping Report - Business Monitor International - Industry Reports

Venezuela Shipping Report

Venezuela Shipping Report - Business Monitor International - Industry Reports
Venezuela Shipping Report
Published Nov 21, 2015
82 pages — Published Nov 21, 2015
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: Throughput volumes at Venezuela s two largest ports will continue to fall in ----, although we do forecast an improvement on the larger falls of ----. The country is facing a further year of recession. ...The country is facing a further year of recession. The shipping industry will be affected by extremely high inflation, which is reducing consumers purchasing power, constraints on government spending as a result of falling oil prices, and the poor business environment, which is also acting to deter importers. We forecast that throughput at the port of Cabello will fall by -.- in total tonnage terms and -.- in container terms in ----. ...With oil a key Venezuelan export, this will have a significant impact on government spending and also on the shipping industry. Meanwhile, private consumption will fall as a result of the rapid erosion of purchasing power associated with the world s highest inflation, affecting imports.

...Productivity Drops At Venezuelan Ports - Major carriers and feeder companies are cutting capacity at Venezuelan ports due to falling productivity in the country, according to JOC in September ----. Hamburg Sud s senior vice president Poul Hestbaek explained that the private sector in Venezuela was in serious trouble because importers have extremely little access to hard currency and price controls erase profitibility with volumes dropping accordingly. ...Productivity Drops At Venezuelan Ports - Major carriers and feeder companies are cutting capacity at Venezuelan ports due to falling productivity in the country, according to JOC in September ----. Hamburg Sud s senior vice president Poul Hestbaek explained that the private sector in Venezuela was in serious trouble because importers have extremely little access to hard currency and price controls erase profitibility with volumes dropping accordingly. Low Oil Prices To Have Impact On Shippers - The country s balance of payments position will be significantly undermined by the low price of oil, as crude accounts for the vast majority of exports. ...Low Oil Prices To Have Impact On Shippers - The country s balance of payments position will be significantly undermined by the low price of oil, as crude accounts for the vast majority of exports. With the oil industry accounting for a huge -- of the Venezuela s export earnings (-- of the country s GDP), the impact of it on the overall economy at large cannot be understated, nor can its impact on the country s shipping sector, over at least the short term.

...Congestion is an ongoing problem at major ports due to a lack of investment and stringent cargo checks by the country s anti-narcotics agency. As a consequence of this, a number of international shipping lines, including Zim, have added a congestion surcharge on container shipments to and from Venezuelan ports. ...

  
Source:
Document ID
2041-6652
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. "Venezuela Shipping Report" Nov 21, 2015. Alacra Store. Dec 02, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Venezuela-Shipping-Report-2026-1167>
  
APA:
Business Monitor International - Industry Reports. (2015). Venezuela Shipping Report Nov 21, 2015. New York, NY: Alacra Store. Retrieved Dec 02, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Venezuela-Shipping-Report-2026-1167>
  
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