Change in Demand Expected for Egypt River Industry During 2011, Report Says

 

Research and Markets has announced the addition of the “Egypt: Transport and Logistics Sector 2010 – 2011” report to their offering. Water is still key to Egypt’s Economic health. During 2010 there was moderate growth in the sector and the start of new initiatives to increase internal trade using the river Nile. Medium and long term prospects remain positive, but growth in 2011 may be muted further, longer term prospects open up with newly signed trade agreements with Mercasur countries, and burgeoning trade with China.

The expression No Trade without Transport is particularly apt when assessing the importance of Egypt’s Transport & Logistics sector to the country’s economy and trade. Indeed, some 90% of the country’s foreign trade passes through its ports. Egypt sits in the heart of world trade routes and astride the Suez Canal, which sees around 15% of global trade traffic. This has made it a hub for international traffic. During FY09/10, three of the sectors four main business segments showed an improvement on the previous fiscal year. Cargo and container handling rose 11% and 10%, respectively, while passenger traffic added 3.5%. Vessel traffic, meanwhile, slid 5%.

The river transport industry continues to hold untapped potential, contributing less than 1% of total goods transported internally. It recorded a CAGR of 11% between 2003-08 and 4% in 2008 alone. A fleet of 330 barges currently serves only about seven of 50 operating ports located throughout the country. Though we remain positive on both the global and Egyptian maritime industry in the medium to long-term, we feel 2011 growth may slow due to weaker-than-expected global demand and the developing currency war between the US and China. We expect a little major change in demand for the river industry during 2011, especially given the lack of news regarding new ports and barges. In terms of our universe, Egytrans [ETRS] is our top pick with a Buy recommendation, stimulated by a strong future growth, high profitability margins, and cheap P/ER compared to its intl peers.

Key Topics Covered:

Maritime Transport & Logistics Industry Structure,

Seaport capacities,

Merchant Fleet Market Developments,

Cargo Handling,

Container Handling,

Vessel Traffic,

Passenger Traffic Growth drivers,

Economy and Trade,

Evolution of dredging in the Suez Canal,

Oil prices,

Global Containerisation,

Government Initiatives and Incentives Outlook,

SWOT analysis,

River Transport & Logistics Industry Structure,

Background and Geographic location,

River Ports,

Players and market shares Market Developments,

Review – Market Performance,

River Transport Infrastructure Developments,

Barge Operations Growth Drivers,

Cost Efficiency,

Safety,

Environmentally friendly,

Government Initiatives and Incentives,

SWOT analysis,

Outlook,

Barge Supply,

River Port Supply and

Demand for River Cargo.

 

Source: businesswire, March 9, 2011

 

 

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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