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

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

May 14, 2023 549 likes •710 views

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

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CONFERENCE:

Doing Business in Angola and Brazil

24th October 2012 - Head Office KPMG Amstelveen

Business Opportunities Maritime sector & Offshore industry Angola

Marco Rensma Director-owner MEYS Emerging Markets Research www.meys.eu

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High economic growth rates Strong increase oil production paved the way

0,0 500,0 1.000,0 1.500,0 2.000,0 2.500,0 5 10 15 20 25 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012f 2013f 2014f 2015f 2016f 2017f Thousand barrels per day % Oil production (R-axis) Economic growth rate (L-axis)

Source: IMF, OPEC

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1 686 1 763 2 043 2 450 2 471 3 025 3 058 5 876 16 419 5 000 10 000 15 000 20 000 Cote D'Ivoire Senegal Zambia Cameroon Nigeria Africa Ghana Angola Gabon

GDP per capita, 2011 (USD)

Source: African Development Bank

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Offshore industry key sector to Angola Oil dominate trade and economy

  • 40.000
  • 20.000

20.000 40.000 60.000 80.000 100.000 2008 2009 2010 2011 Million USD Imports Oil exports Non-oil exports Source: Alfandegas, IMF 10 47 7 8 21 7

GDP by economic sector, 2011 (%)

Agriculture Oil Industry (excl. oil) Construction Trade, transport Other services Source: BNA

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Angola large proven crude oil reserves Potential danger of ‘Dutch disease’

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5.000 10.000 15.000 20.000 25.000 30.000 35.000 40.000 45.000 50.000 Gabon Egypt Sudan Angola* Algeria* Nigeria* Libya*

Proven crude oil reserves, 2011 (million barrels)

Note: (*) OPEC-member Source: OPEC

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Ports essential to foreign trade Strong position Port of Luanda

5.000.000 10.000.000 15.000.000 20.000.000 25.000.000 30.000.000 Soyo Cabinda Namibe Lobito Luanda

Total throughput main ports 2008 - 2011 (excl. cabotage, tonnes)

Source: Ministry of Transport Angola

95 per cent foreign trade is seaborne trade

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Short sea shipping is limited Less than 15 per cent of total maritime trade

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500.000 1.000.000 1.500.000 2.000.000 2.500.000 3.000.000 3.500.000 Luanda Soyo Amboim Namibe Cabinda Lobito

Total volume short sea shipping by main ports 2008 - 2011 (tonnes)

Lobito connected to railtrack Caminho – de- Ferro de Benguela Source: Ministry of Transport Angola

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Slow port handling Angola High costs cross border trading

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1 2 3 4 5 6 7 8 9 10 the Netherlands Senegal Ghana Cameroon Nigeria Cote d'Ivoire Angola

Ports and terminal handling, 2012 (days)

Imports Exports Source: World Bank

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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

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Market opportunities for dredging Port developments and inland waterways

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✓ Deepening of ports and channels ✓ Creating new land for port expansion ✓ Total length of rivers Angola: 3.000 km ✓ Navigable length: 400 km

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Maritime sector Angola almost non-existent Merchant fleet Angola only 10 (Sonaship)vessels

Sonaship www.meys.eu

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Revitalising local shipping Re-activate public shipping company Sécil Marítima

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✓ 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

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Shipbuilding Angola in infant stage Focus on offshore industry

Sonamet Lobito shipyard Petromar shipyards (3) Porto Amboim new shipyard SONANGOL www.meys.eu

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Strengths

  • Large proven oil reserves
  • Growing economy
  • Investments in port infrastructure
  • Strategic geographical location Angola

Weaknesses

  • Economic dependance of oil exports (‘Dutch

disease’)

  • Large non-oil trade deficit
  • No domestic maritime infrastructure
  • High costs cross border trading
  • Unskilled labour (deficit between supply-

demand Opportunities

  • Growing seaborne trade
  • Large investments by offshore industry
  • New port developments and hinterland

connections

  • Low labour costs
  • Dredging of rivers and ports
  • Short sea shipping
  • Local shipbuilding (OSVs, tugs, cargo,

ferries) Threats

  • Continuation economic crisis Europe & US
  • Lower oil prices
  • Political instability & social unrest
  • Corruption & red tape
  • No clear government strategy for maritime

sector

  • Lack of sufficient finance for maritime

infrastructure

SWOT-analysis Maritime sector & Offshore industry Angola

www.meys.eu

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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