Research and Markets: Venezuela Shipping Report Q1 2011

Business Wire- 12/7/2010 11:57:00 AM EST

( BW)(RESEARCH-AND-MARKETS)(.) Research and Markets: Venezuela Shipping Report Q1 2011

Research and Markets (http://www.researchandmarkets.com/research/812598/venezuela_shipping) has announced the addition of the "Venezuela Shipping Report Q1 2011" report to their offering.

Venezuela Shipping Report provides industry professionals and strategists, corporate analysts, shipping associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Venezuela's shipping industry.

A Chinese firm has pledged to invest US$600mn in the construction of a new container terminal at the beleaguered Puerto Cabello, Venezuela's major port, which is located on the country's Caribbean coast. During a televised ceremony at the beginning of September 2010, China Harbor Engineering Company (CHEC), represented by its general manager, Yu Huixian, signed a memorandum of understanding (MoU) with the Venezuelan minister of transport and communications, Francisco Garces.

The work undertaken will include dredging work and the construction of berths to enable the port to accommodate Post-Panamax vessels. BMI notes that Puerto Cabello has suffered a monumental decline since being nationalised in March 2009, when Venezuela's National Assembly voted to hand over control of the country's transport links, which were previously under state level control, to federal authorities. The decision saw three ports -- Puerto Cabello, Maracaibo and Porlamar -- placed under the control of the federal government. BMI believes that the port is in real need of some constructive investment and foreign expertise. Given CHEC's experience and expertise (it has 31 overseas branches and is the second largest dredging company in the world), BMI believes that it should be capable of fixing many of the efficiency and management problems of Puerto Cabello.

Key Topics Covered:

• Executive Summary
• SWOT Analysis
• Venezuela Shipping SWOT
• Global Overview
• Container Shipping Overview
• Dry Bulk Shipping Overview
• Liquid Bulk Overview
• Industry Trends And Developments
• Market Overview
• Port of Puerto Cabello
• Overview
• Terminals, Storage And Equipment
• Expansions And Developments
• Multi-Modal Links
• Port of La Guaira
• Overview
• Terminals, Storage And Equipment
• Tables

Companies Mentioned:

• AP MLLER-MAERSK
• Mediterranean Shipping Company (MSC)
• CMA CGM
• Neptune Orient Lines (& APL)
• Hapag-Lloyd
• Evergreen Line
• China Ocean Shipping (Group) Company (COSCO)
• CSAV Shipping
• China Shipping (CSCL)
• Hanjin Shipping
• Mitsui OSK Lines (MOL)
• Nippon Yusen Kabushiki Kaisha (NYK)

For more information visit http://www.researchandmarkets.com/research/812598/venezuela_shipping

CONTACT:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

KEYWORDS:   Venezuela  South America

INDUSTRY KEYWORDS:   Transport  Maritime

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