Bulgaria Shipping Report Q3 2012 - New Market Research Report
Despite relatively strong 2011 throughput results at Bulgaria's Port of Varna, BMI is holding with its bullish outlook for the facility in 2012. Our view that the port's total tonnage throughput growth will slow to 1.55% in 2012 from 13.8% in 2011 and that container volumes will slow to a year-on-year (y-o-y) increase of 2.07% - down from an estimated growth of 5.86% in 2011. This is due to Bulgaria's exposure to the eurozone, which is its main trade partner.
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