Boston, MA -- (SBWIRE) -- 10/28/2014 -- Two of Russia's major ports - the port of St Petersburg, Russia's main box facility, and the port of Novorossiysk, one of the country's largest ports in terms of total throughout - are set to hold their respective positions in Russia's maritime sector in 2014. Although we expect Russia's consumer story to remain attractive over the next few years, bouying container throughput growth at the country's ports, economic growth will be modest in 2014 and 2015 as the main driver of growth over the past decade - household consumption - continues to weaken, with the impact of Western sanctions adding to a structural slowdown in household lending in recent quarters, as banks started to ramp up loan-loss provisioning and the authorities took steps to rein in unsecured household lending.

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The port of St Petersburg is expected to post a year of growth in tonnage and in 2014, while box volumes are forecast to contract. Novorossiysk is expected to post growth in box throughput, despite decline in total throughput.

Over the medium term, we project further growth at the port of St Petersburg both in terms of tonnage throughput and growth in container throughput at the port of Novorossiysk.

Headline Industry Data

- 2014 port of St Petersburg tonnage throughput forecast to grow 8.0%, over the medium term we project a 16% increase.
- 2014 port of St Petersburg container throughput forecast to decrease by 4.50%, over the medium term we project a 2% increase.
- 2014 total trade growth forecast at 3.75%.

Key Industry Trends

Tigers Realm Coal Acquires Beringovsky Port and Coal Terminal: Australia-based resources company Tigers Realm Coal (TRC) announced the acquisition of the Beringovsky Port and Coal Terminal located 35km to the north east of the Amaam North deposit and the proposed Project F mine in the far east of Russia at the beginning of June. According to the company, the port is currently fully operational and under the terms of the sale, will continue shipping coal per year...

The Russia 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 Russia.

BMI's Russia 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 Russia.

Key Benefits

- Benchmark BMI's independent shipping industry forecasts for Russia to test other views - a key input for successful budgeting and strategic business planning in the Russian shipping market.
- Target business opportunities and risks in Russia through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
- Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering shipping, major investments and projects and significant multinational and national company developments.

SWOT Analysis

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's shipping sector, which carefully evaluates the short- and medium-term issues facing the industry.

Market Overview

Analysis of the capacity, terminals and planned development of the major ports in each country, including data on throughput and total tonnage.

Industry Forecast Scenario

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and macroeconomic indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).

Company Profiles

Company profiles include business activities, leading products and services, company strategy, trends and developments and economic performance analysis.

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