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Maritime sector & Offshore industry Angola Marco Rensma - PowerPoint PPT Presentation

CONFERENCE: Doing Business in Angola and Brazil 2 4 th October 2012 - Head Office KPMG Amstelveen Business Opportunities Maritime sector & Offshore industry Angola Marco Rensma Director-owner MEYS Emerging Markets Research www.meys.eu


  1. CONFERENCE: Doing Business in Angola and Brazil 2 4 th October 2012 - Head Office KPMG Amstelveen Business Opportunities Maritime sector & Offshore industry Angola Marco Rensma Director-owner MEYS Emerging Markets Research www.meys.eu

  2. High economic growth rates Strong increase oil production paved the way GDP per capita, 2011 (USD) 25 2.500,0 Gabon 16 419 20 2.000,0 Angola 5 876 Thousand barrels per day Ghana 3 058 15 1.500,0 Africa 3 025 % Nigeria 2 471 10 1.000,0 Cameroon 2 450 5 500,0 Zambia 2 043 Senegal 1 763 0 0,0 Cote D'Ivoire 1 686 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012f 2013f 2014f 2015f 2016f 2017f 0 5 000 10 000 15 000 20 000 Oil production (R-axis) Economic growth rate (L-axis) Source: African Development Bank Source: IMF, OPEC www.meys.eu

  3. Offshore industry key sector to Angola Oil dominate trade and economy 100.000 GDP by economic sector, 2011 (%) 80.000 7 10 60.000 21 Million USD 40.000 8 20.000 47 7 0 2008 2009 2010 2011 Agriculture Oil -20.000 Industry (excl. oil) Construction Trade, transport Other services -40.000 Imports Oil exports Non-oil exports Source: BNA Source: Alfandegas, IMF www.meys.eu

  4. Angola large proven crude oil reserves Potential danger of ‘Dutch disease ’ Proven crude oil reserves, 2011 (million barrels) Libya* Nigeria* Algeria* Angola* Sudan Egypt Gabon 0 5.000 10.000 15.000 20.000 25.000 30.000 35.000 40.000 45.000 50.000 Note: (*) OPEC-member www.meys.eu Source: OPEC

  5. Ports essential to foreign trade Strong position Port of Luanda Total throughput main ports 2008 - 2011 (excl. cabotage, tonnes) Luanda Lobito Namibe 95 per cent foreign trade is seaborne trade Cabinda Soyo 0 5.000.000 10.000.000 15.000.000 20.000.000 25.000.000 30.000.000 Source: Ministry of Transport Angola www.meys.eu

  6. Short sea shipping is limited Less than 15 per cent of total maritime trade Total volume short sea shipping by main ports 2008 - 2011 (tonnes) Lobito Cabinda Namibe Amboim Lobito connected to railtrack Caminho – de- Ferro de Benguela Soyo Luanda 0 500.000 1.000.000 1.500.000 2.000.000 2.500.000 3.000.000 3.500.000 Source: Ministry of Transport Angola www.meys.eu

  7. Slow port handling Angola High costs cross border trading Ports and terminal handling, 2012 (days) Angola Cote d'Ivoire Nigeria Cameroon Ghana Senegal the Netherlands 0 1 2 3 4 5 6 7 8 9 10 Imports Exports Source: World Bank www.meys.eu

  8. Port developments 2010 - 2020 Expanding capacity, meeting international standards New satellite port Barra do Dande Expansion port of Lobito Modernising port of Namibe New deep-water port Caio Port www.meys.eu

  9. Market opportunities for dredging Port developments and inland waterways ✓ Deepening of ports and channels ✓ Total length of rivers Angola: 3.000 km ✓ Creating new land for port expansion ✓ Navigable length: 400 km www.meys.eu

  10. Maritime sector Angola almost non-existent Merchant fleet Angola only 10 (Sonaship)vessels Sonaship www.meys.eu

  11. Revitalising local shipping Re-activate public shipping company Sécil Marítima ✓ Dorment for 20 years ✓ Reduce local maritime transport costs ✓ Alternative to inland road, rail and air transport ✓ Focus on long haul (oceangoing) cargo transport ✓ Goal Government: 15 per cent market share in 2015 ✓ Market share Sécil in oceangoing cargo transport 2010: 0,05 per cent www.meys.eu

  12. Shipbuilding Angola in infant stage Focus on offshore industry Sonamet Lobito shipyard Petromar shipyards (3) Porto Amboim new shipyard SONANGOL www.meys.eu

  13. SWOT-analysis Maritime sector & Offshore industry Angola Weaknesses Strengths • Economic dependance of oil exports (‘Dutch • Large proven oil reserves disease ’) • Growing economy • Large non-oil trade deficit • Investments in port infrastructure • No domestic maritime infrastructure • Strategic geographical location Angola • High costs cross border trading • Unskilled labour (deficit between supply- demand Opportunities Threats • • Growing seaborne trade Continuation economic crisis Europe & US • • Large investments by offshore industry Lower oil prices • • New port developments and hinterland Political instability & social unrest • connections Corruption & red tape • • Low labour costs No clear government strategy for maritime • Dredging of rivers and ports sector • • Short sea shipping Lack of sufficient finance for maritime • Local shipbuilding (OSVs, tugs, cargo, infrastructure ferries) www.meys.eu

  14. THANKYOU FORYOUR ATTENTION Marco Rensma Mob.: +31 (0)6 12 79 25 60 E-mail: mrensma@meys.eu Website: www.meys.eu www.meys.eu

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