Fast Market Research

"Colombia Shipping Report Q2 2014" Published

Fast Market Research recommends "Colombia Shipping Report Q2 2014" from Business Monitor International, now available

 
Repost This

Boston, MA -- (SBWIRE) -- 03/14/2014 -- BMI forecasts growth across the board at Colombian ports in 2014. This will in part be due to base effects, as most facilities endured a downturn in their volumes in 2013. 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 (ICTSI). Throughput volumes will also be supported by the growing dry bulk export story, in particular coal.

Headline Industry Data

- The Port of Cartagena will see total tonnage volume increase by 4.4% to 20.22mn tonnes in 2014, and will average growth of 5.0% to 2018.
- Container traffic at Cartagena will grow by 13.2% to 2.11mn twenty-foot equivalent units (TEUs) in 2014. Growth to 2018 will average 13.1%
- Volume at the Pacific port of Buenaventura will rise by 2.4% to 9.41mn tonnes in 2014, while container traffic will rise by 3.7%, to reach 503,093TEUs.

View Full Report Details and Table of Contents

Key Industry Trends

Konecranes To Supply RTG Cranes To TCBUEN

Colombia's Sociedad Portuaria Terminal de Contenedores de Buenaventura (TCBUEN) has awarded Konecranes a contract for the delivery of six 16-wheel rubber-tyred gantry (RTG) cranes. The contract marks the company's first delivery of container-handling cranes to Colombia. The cranes will boast a lifting capacity of 40 tonnes and feature the company's active load control technology.

Port Receives Largest Ship

In December 2013, the port of Santa Marta reported that it had received Colombia's largest vessel yet, when it handled the Santa Ursula, a Panamanian-flagged vessel which was carrying 55,000 tonnes of corn from Brazil.

Cartagena Channel To Be Expanded

In November 2013, an agreement was struck to expand the access channel for the port of Cartagena at a cost of US$60mn. Half of the funds for the project will come from the port, while the remainder will come from public funds. The hope is that Cartagena's proximity to the Panama Canal will present new business opportunities once its expansion is complete and larger ships begin to pass through it. In order to ensure that they are able to capitalise on this expected business, ports throughout the region are investing on dredging and expanding their facilities.

Key Risks To Outlook

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Transportation research reports at Fast Market Research

You may also be interested in these related reports:

- Brazil Shipping Report Q2 2014
- Nigeria Shipping Report Q2 2014
- Vietnam Shipping Report Q2 2014
- Australia Shipping Report Q2 2014
- Malaysia Shipping Report Q2 2014
- Egypt Shipping Report Q2 2014
- United Arab Emirates Shipping Report Q2 2014
- Canada Shipping Report Q2 2014
- Argentina Shipping Report Q2 2014
- Philippines Shipping Report Q2 2014