"Colombia Shipping Report Q1 2015" Published

From: Fast Market Research, Inc.
Published: Wed Jan 07 2015


BMI forecasts growth across the board at Colombian ports in 2015. Shipping sector growth over the medium term will be supported by growth in private consumption on the back of rising wages and the opening of the expanded Panama Canal, which would see more, and larger, vessels calling at the country's ports. This possibility has piqued the interest of international container terminal operators, such as International Container Terminal Services Inc. Throughput volumes will also be supported by the growing dry bulk export story, in particular coal. We expect that Colombia will export increasing volumes of coal to China through its Pacific ports and investment being pumped into infrastructure will enable this.

Headline Industry Data

* The port of Cartagena will see total tonnage volume increase by 4.5% to 21.63mn tonnes in 2015, and will average growth of 5.3% to 2019.
* Container traffic at Cartagena will grow by 10.1% to 2.27mn twenty-foot equivalent units (TEUs) in 2015. Growth to 2019 will average 10.2%.
* Volume at the Pacific port of Buenaventura will rise by 3.3% to 9.72mn tonnes in 2015, while container traffic will rise by 4.8%, to reach 526,999TEUs.

Full Report Details at
- http://www.fastmr.com/prod/912285_colombia_shipping_report_q1_2015.aspx?afid=303

Key Industry Trends

Government Plans To Boost Annual Port Capacity By 50mn Tonnes: The Colombian government is considering requests for the development of 25 new ports in the country in order to boost annual port capacity by 50mn tonnes, according to the transport minister, Natalia Abello Vives. The move is part of the government's initiative to develop the nation into 'a great container hub of the Americas', according to Vives.

Tampa Port Authority Signs MoU With Cartagena Port: The Tampa Port Authority in the US and the Colombian port of Cartagena have signed a memorandum of understanding (MoU) to boost ties. The move makes the port the newest sister port of the authority and comes after the Tampa Bay port entered a similar MoU agreement with the Colombian port of Barranquilla in April.

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The Colombia Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Colombia.

BMI's Colombia Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Colombia.

Key Benefits

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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