AnAlysis of lebAnon’s MAritiMe trAnsport - Bankmed .Source: UNCTAD Review of...

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Transcript of AnAlysis of lebAnon’s MAritiMe trAnsport - Bankmed .Source: UNCTAD Review of...

  • Bankmed - Market & Economic Research Division

    AnAlysis of lebAnons MAritiMe trAnsport

  • Global Maritime transport 3

    lebanons Maritime transport 14

    port of beirut 15

    organization and infrastructure 15

    port performance 16

    imports and exports 16

    tonnage transported and ships received 20

    passengers terminal 22

    General Cargo terminal 23

    Container terminal 24

    UnCtAD liner shipping Connectivity index 25

    Generated income 26

    Conclusion 27

    2

    table of Contents

    SPECIAL REPoRt

    Analysis of lebanons Maritime Market - April 2015

    Bankmed - Market & Economic Research Division

  • Source: UNCTAD Review of Maritime Transport

    3

    GlobAl MAritiMe trAnsport

    Maritime transport is one of the main pillars of transportation and a major conduit of international trade. Within this context, maritime transport plays a pivotal role in the worlds economy, prompting both, economic activity and growth, forward. However, the stumbling growth witnessed in the world economy in 2013 impacted world merchandise trade volumes, which continued to expand however at a modest rate of 2.2%. Similarly, growth in world seaborne shipments was also affected, expanding at rate of 3.8% with total volumes amounting to 9.6 billion tons.

    In fact, various trends have shaped the performance of world seaborne trade. These developments include a more balanced growth in trade demand during the past two years, a continued persistent oversupply in the world fleet across the various market segments, relatively high bunker price levels, as well as a wider use of slow steaming, especially in the container-ship sector. Moreover, in line with these trends, most of the expansion was driven by growth in dry cargo flows, in particular bulk commodities, which grew by 5.5%. Dry cargo, including the five major bulk commodities (iron ore, coal, grain, bauxite and alumina, phosphate rock), minor bulks, containerized trade, general cargo/break-bulk, accounted for the largest share (70.2%). In its turn, tanker trade (crude oil, petroleum products and gas) was responsible for the remaining 29.8%.

    SPECIAL REPoRt

    Bankmed - Market & Economic Research Division

    Analysis of lebanons Maritime Market - April 2015

    2008! 2009! 2010! 2011! 2012! 2013!Containers! 1,249 ! 1,127 ! 1,280 ! 1,393 ! 1,445 ! 1,524 !Other Dry Cargo! 2,173 ! 2,004 ! 2,022 ! 2,112 ! 2,169 ! 2,260 !Major Bulks! 2,065 ! 2,085 ! 2,335 ! 2,486 ! 2,742 ! 2,920 !Oil and Gas! 2,742 ! 2,642 ! 2,772 ! 2,794 ! 2,841 ! 2,844 !

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    World Seaborne Trade!

    8,229 7,858

    8,409 8,785

    9,197 9,548

  • 4

    Source: UNCTAD Review of Maritime Transport

    SPECIAL REPoRt

    With an expanding participation in the world economy in general and the world trading system in particular, developing economies continued to contribute higher shares to world seaborne trade. In 2013, these economies accounted for 61% of global loaded1 goods and 60% of unloaded2 goods. However, while developing economies share has been rising, individual countries contributions have been uneven, thus signaling their varying levels of integration into global trading networks.

    1 Loaded goods: are goods placed on a seagoing vessel and dispatched by sea. They include national goods, transshipment goods (national or foreign goods leaving a port by sea) and land transit goods (foreign goods leaving a port by road, rail, air or inland waterway).

    2 Unloaded goods: are goods taken off a seagoing vessel after transport by sea. They include national goods, transshipment goods (national or foreign goods leaving a port by sea) and land transit goods (foreign goods leaving a port by road, rail, air or inland waterway).

    GlobAl MAritiMe trAnsport

    Analysis of lebanons Maritime Market - April 2015

    Bankmed - Market & Economic Research Division

    Developed Economies! Developing Economies! Transition Economies!Loaded! 33! 61! 6!Unloaded! 38! 60! 2!

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    Share of Country Groups from World Seaborne Trade !(% of World Tonnage 2013)!

  • 5

    Source: UNCTAD Review of Maritime Transport

    SPECIAL REPoRt

    In line with previous trends, cargo volumes loaded in the ports of developing economies continued to exceed the volumes of unloaded goods. However, while their share of loaded volumes stabilized over the years, their share of unloaded cargo expanded over the past decades, thus achieving near parity in 2013. Specifically, the difference in these economies shares of loaded and unloaded goods dropped from 45 percentage points in 1970 to 16 percentage points in 2000 and further declined to one percentage point in 2013. Driven by the fast expansion in import demand (due to high industrialization and consumer demand) in developing economies, it is expected that the share of unloaded goods in developing countries is likely to soon surpass their share of loaded goods.

    GlobAl MAritiMe trAnsport

    Analysis of lebanons Maritime Market - April 2015

    Bankmed - Market & Economic Research Division

    1970! 1980! 1990! 2000! 2005! 2010! 2013!Loaded! 63! 58! 51! 53! 56! 60! 61!Unloaded! 18! 26! 29! 37! 41! 56! 60!

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    Participation of Developing Countries in World Seaborne Trade !(% of World Tonnage)!

  • 6

    Source: UNCTAD Review of Maritime Transport

    SPECIAL REPoRt

    A regional breakdown of world seaborne trade indicates that in 2013, Asia still dominated as the main loading and unloading region, with a 41% share of loaded volumes and 58% share of unloaded volumes. Other major loading and unloading areas included, in descending order, the Americas (22%), Europe (17%), Oceania (11%) and Africa (9%) on the loading side, and Europe (21%), the Americas (15%), Africa (5%), and Oceania (1%) on the unloading side.

    GlobAl MAritiMe trAnsport

    Analysis of lebanons Maritime Market - April 2015

    Bankmed - Market & Economic Research Division

    Asia! Americas! Europe ! Oceania! Africa!Loaded ! 41! 22! 17! 11! 9!Unloaded! 58! 15! 21! 1! 5!

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    Share of Regions from World Seaborne Trade !(% of World Tonnage 2013)!

  • 7

    Source: UNCTAD Review of Maritime Transport

    SPECIAL REPoRt

    A major constituent of world seaborne trade is containerized trade. Global containerized trade grew by 4.6% in 2013, taking total volumes to 160 million TEUs, up from 153 million TEUs in 2012. In order to better measure container trade activity, container port throughput the amount of cargo that passes through a port measured in Twenty-foot Equivalent Units (TEU) is assessed. After dropping significantly during the aftermath of the global financial crisis, container port throughput expanded in the following three years to exceed pre-crisis level, reaching 651,099 million TEUs in 2013.

    GlobAl MAritiMe trAnsport

    Analysis of lebanons Maritime Market - April 2015

    Bankmed - Market & Economic Research Division

  • 8

    SPECIAL REPoRt

    Developing economies share of world throughput3 remains almost stable at approximately 70%. The country with the largest share of container throughput in 2013 was China with a container throughput of 174 million TEUs. It is followed by Singapore with a throughput of about 33.5 million TEUs in 2013, and then comes Korea and Hong Kong with container throughputs exceeding 22 million TEUs each. It is noteworthy that UAE ranks 6th in terms of container port throughput, with a throughput of around 19 million TEUs in 2013. Meanwhile, Egypt and Saudi Arabia rank 15th and 16th respectively.

    The ranking of liner shipping companies (carriers that perform regular transportation of goods overseas) reveals that MSC ranks first with a 13.1% share of world TEU. It is followed by Maersk Line and CMA CGM Group, with respective share of 12.6% and 7.5% of world TEU. Afterwards comes Evergreen Line with a 5.5% share of world TEU, followed by COSCO and Hapag-Lloyd Group with 4.4% and 3.8% shares respectively.

    Source: A.T. Kearney analysis

    Source: UNCTAD Review of Maritime Transport

    GlobAl MAritiMe trAnsport

    Analysis of lebanons Maritime Market - April 2015

    Bankmed - Market & Economic Research Division

    Country Rank 2013Throughput 2013

    (million TEU) Country Rank 2013Throughput 2013

    (million TEU)

    China 1 174.08 VietNam 11 8.12Singapore 2 33.52 Thailand 12 7.70Korea 3 22.58 Panama 13 7.45Hong Kong 4 22.35 Turkey 14 7.28Malaysia 5 21.43 Egypt 15 7.14U