Browse the complete Report on: Kenya Shipping Report Q3 2010
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Congestion continues to be a problem at the Kenyan port of Mombasa with the country's revenue authority the latest in the line of fire for holding up the passage of goods through the port. The global economic downturn, which sent trade volumes falling, appears to have lead to little respite at Mombasa with tonnage throughput at the port growing by an incredible 16% year on year (y-o-y) in 2009. While container volumes plummeted at most ports Mombasa's box throughput remained stable, with a slight yo- y increase of 0.5%
BMI fears that congestion will be an ever increasing problem at the port of Mombasa in the mid term as we project volumes through the port to continue growing. In 2010, we predict a y-o-y growth of 7.98% in total tonnage throughput and an increase of 3.4% in box volumes. Over the rest of the mid term (2011- 2014), BMI's Shipping desk projects that total tonnage and containers will grow by a yearly average of 7% and 7.5% respectively.
BMI believes that this mid-term growth will place further strain upon the port of Mombasa and while we are encouraged that a second container terminal is planned for development at the port in the mid term, we believe that Kenya's maritime sector will continue to struggle until the sector is diversified. We therefore feel that the development of the port of Lamu could be the answer to congestion problems in Kenya's port sector. The project, which is currently at the feasibility study stage, envisages a new port facility with a draught of 18m, therefore allowing Kenya's maritime sector to cater for the next generation of larger vessels, which are coming online.
The port, however, is not due for launch until 2016 so BMI fears that shippers face continued delays at Mombasa with the problem likely to worsen as Kenya's trade increases. BMI's Country Risk team forecast that the country's exports will grow by a yearly average of 5.8% between 2010-2014, while imports are projected to increase by 3.5% over the same period.
On top of this, trade volumes of Kenya's landlocked neighbours, Uganda, Rwanda and Burundi are also expected to increase over the midterm placing further pressure on the port of Mombasa.
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Original Source : Kenya Shipping Market
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Browse All Business Monitor International Market Research Reports
Congestion continues to be a problem at the Kenyan port of Mombasa with the country's revenue authority the latest in the line of fire for holding up the passage of goods through the port. The global economic downturn, which sent trade volumes falling, appears to have lead to little respite at Mombasa with tonnage throughput at the port growing by an incredible 16% year on year (y-o-y) in 2009. While container volumes plummeted at most ports Mombasa's box throughput remained stable, with a slight yo- y increase of 0.5%
BMI fears that congestion will be an ever increasing problem at the port of Mombasa in the mid term as we project volumes through the port to continue growing. In 2010, we predict a y-o-y growth of 7.98% in total tonnage throughput and an increase of 3.4% in box volumes. Over the rest of the mid term (2011- 2014), BMI's Shipping desk projects that total tonnage and containers will grow by a yearly average of 7% and 7.5% respectively.
BMI believes that this mid-term growth will place further strain upon the port of Mombasa and while we are encouraged that a second container terminal is planned for development at the port in the mid term, we believe that Kenya's maritime sector will continue to struggle until the sector is diversified. We therefore feel that the development of the port of Lamu could be the answer to congestion problems in Kenya's port sector. The project, which is currently at the feasibility study stage, envisages a new port facility with a draught of 18m, therefore allowing Kenya's maritime sector to cater for the next generation of larger vessels, which are coming online.
The port, however, is not due for launch until 2016 so BMI fears that shippers face continued delays at Mombasa with the problem likely to worsen as Kenya's trade increases. BMI's Country Risk team forecast that the country's exports will grow by a yearly average of 5.8% between 2010-2014, while imports are projected to increase by 3.5% over the same period.
On top of this, trade volumes of Kenya's landlocked neighbours, Uganda, Rwanda and Burundi are also expected to increase over the midterm placing further pressure on the port of Mombasa.
About Us
ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
Contact:
Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/
http://reportsandreports.proarticles.co.uk/
http://reportsnreports.wordpress.com/
Original Source : Kenya Shipping Market
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