The economic value of the EU shipping industry. Andrew P Goodwin

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "The economic value of the EU shipping industry. Andrew P Goodwin"

Transcription

1 The economic value of the EU shipping industry Andrew P Goodwin 2 nd April 2014

2 Introduction

3 Shipping is a vital facilitator of world trade 135 % Increase in world GDP in the last two decades 180 % Increase in world seaborne trade over the same period 3.5 trillion Value of EU s trade with the rest of the world in /6 EU share of world goods trade (external trade flows with RoW) 90% IMO estimate of the value of world trade carried by sea 3

4 Study objectives 1. Analyse the recent evolution of the EU fleet 2. Assess the economic contribution of the shipping industry Directly Through its European supply chain Through the spending of workers and those in the supply chain 3. Estimate the impact of measures permitted under the Community guidelines on state aid to maritime transport 4. Review the contribution of maritime academies 4

5 Definitions The shipping industry Transport of goods by sea (containerised and non-containerised) Transport of persons by sea (on ferries and cruise ships) Service and offshore support vessels (e.g. ships laying or repairing undersea cables or pipelines; prospecting for oil; conducting oceanographic research; diving assistance; undertaking undersea work; servicing offshore wind farms, oil and gas platforms) Towage and dredging at sea The EU + 5

6 The EU fleet

7 Between the start of 2005 and the start of 2014, EU controlled tonnage expanded by more than 70 per cent Position on 1 Jan Index, 2005= m GT 660m DWT 23,000 vessels Source: Clarkson Research Services Ltd. Number of vessels Gross tonnage Deadweight tonnage 7

8 The EU controls 40 per cent of world gross tonnage and 39 per cent of world deadweight tonnage 45 Per cent Number of vessels Gross tonnage Deadweight tonnage Source: Clarkson Research Services Ltd. 8

9 Greece has the largest controlled fleet within Europe, equivalent to 36 per cent of gross tonnage. Germany represents a further 21 per cent Greece Germany Norway Italy Denmark UK Netherlands France Belgium Sweden Cyprus Finland Spain Poland Croatia Other Gross tonnage (millions) Deadweight tonnage (millions) Source: Clarkson Research Services Ltd. 9

10 The EU controlled fleet is dominated by three types of vessel LNG & LPG Roll-on, Roll-off Ferries Cruise Other Chemical tankers Pure car carriers Bulkers Multi-purpose vessels Offshore 28% Container ships 25% 25% Oil tankers Source: Clarkson Research Services Ltd. 10

11 Whilst the EU controls 40 per cent of the world fleet overall, the share is much greater for some types of vessel Roll-on, Roll-off Container ships Ferries Multi-purpose vessels Oil tankers Chemical tankers Offshore Bulkers Pure car carriers LNG & LPG Cruise EU as % of world gross tonnage Other Source: Clarkson Research Services Ltd. Average 11

12 The strongest growth between 2005 and 2014 was recorded amongst offshore vessels. The EU now controls 37 per cent of the world offshore fleet % change in gross tonnage, Offshore Container ships LNG & LPG Cruise Bulkers Pure car carriers Oil tankers Chemical tankers Ferries Multi-purpose vessels Roll-on, Roll-off Other Source: Clarkson Research Services Ltd. 12

13 per cent of the world fleet was under the flag of an EU country in % million DWT As % of world (left scale) DWT, 000s (right scale) Source: UNCTAD 13

14 Eight of the top 25 largest operated fleets in the world belong to EU countries. Three EU countries are in the top five Japan Greece China Germany Denmark South Korea U.S.A. Singapore Hong Kong Taiwan Switzerland Norway Bermuda U.K. France Italy Turkey Canada Russia India Indonesia Malaysia Sweden Brazil Iran Source: IHS Fairplay Gross tonnage (millions)

15 Economic impact analysis

16 The study assesses the economic impact of the EU shipping industry across three channels Direct impact e.g. Freight services Passenger services Towing & dredging Service and offshore support activities Renting and leasing Indirect impact e.g. Ship building Ship repairs Port services Insurance Shipping-related financial and legal services, etc. Induced impact e.g. Food and beverages Other consumer goods Restaurants Recreation services etc. Total economic impact 16

17 The economic contribution of shipping has been assessed across three metrics Gross value added contribution to GDP The contribution to the economy of each individual producer, industry or sector. Aggregated across all industries to form the basis of GDP Employment Measured on a headcount basis Tax revenues Employee income taxes Employee and employer social security contributions Tonnage and corporation tax VAT on employees consumption

18 The study has drawn on existing research, official statistics and the Oxford Economics Global Input-Output model Direct impact Previous national studies Eurostat national accounts and Structural Business Statistics datasets Estimation to align time periods and sector definitions Indirect impact Induced impact Oxford Economics Global Input-Output model Impact of the shipping industry on firms in its supply chain Induced impact of spending by shipping industry employees and those in the supply chain Estimates impacts that occur within countries, and crosscountry impacts amongst other EU countries

19 The EU shipping industry is estimated to have directly employed 590,000 people in 2012 This means shipping employs more people than Travel agents & tour operators Forestry & logging Air transport 530, , ,000 19

20 Almost two-thirds of shipping employees are employed in freight transport 400, , , , , , , , ,000 50,000 0 Freight transport (incl. towing & dredging) Passenger transport 54,000 Service & offshore support vessels 7,000 Renting & leasing Source: Oxford Economics 20

21 In 2012, the EU shipping industry is estimated to have directly contributed 56 billion to EU GDP 47bn to EU GDP in % 56bn to EU GDP in GDP per worker EU average 53,000 Shipping 88,000 Water supply 86,000 Film & TV 84,000 Air transport 71,000 Land transport 44,000 21

22 The total GDP contribution of the European shipping industry in 2012 is estimated to have been 145 billion bn 145bn Direct Indirect Induced Total Source: Oxford Economics 22

23 The shipping industry also supported employment for an estimated 2.3 million people 2, s 2.3m 2, ,500 1,000 1,126 1, Direct Indirect Induced Total Source: Oxford Economics 23

24 The shipping industry has significant multiplier effects across the wider EU economy 1m 1.6m For every 1 million the shipping industry contributes to GDP itself, it creates another 1.6 million elsewhere in the economy For every direct job the shipping industry creates, another 2.8 are created elsewhere in the EU economy 24

25 The shipping industry supported total tax revenues of around 41 billion in 2012 Tax revenues estimated bn 41bn Employee income taxes Employee and employer social security contributions Tonnage and corporation tax VAT on employees consumption Direct Indirect Induced Total Source: Oxford Economics 25

26 The impact of measures permitted under the Commission s guidelines on state aid to maritime transport

27 Over and above its role in facilitating trade, the shipping industry has a number of unique features and wider benefits for the EU Inherent mobility Core of the wider maritime cluster Security of energy supply Military support & peacekeeping Safety standards Trained seafarers 27

28 The UK introduced a tonnage tax in By 2012 the UK controlled fleet had more than tripled in size 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 DWT (000s) No tonnage tax Tonnage tax 0 Controlled fleet Source: UK Chamber of Shipping, Oxford Economics 28

29 The UK introduced a tonnage tax in By 2012 the UK controlled fleet had more than tripled in size 40,000 35,000 30,000 25,000 20,000 DWT (000s) No tonnage tax Tonnage tax 15,000 10,000-85% 5,000 0 Controlled fleet Controlled fleet, 'No state aid' scenario Source: UK Chamber of Shipping, Oxford Economics 29

30 France introduced a tonnage tax in 2003, and simplified its social security exemptions in ,000 DWT (000s) No tonnage tax Tonnage Tax 10,000 8,000 6,000-61% 4,000 2,000 0 Controlled fleet Controlled fleet, 'No state aid' scenario Source: ISL Bremen; counter-factual scenario estimated by Oxford Economics 30

31 Germany introduced a tonnage tax and a separate wage retention scheme in , ,000 DWT (000s) No tonnage tax Tonnage tax 100,000 80,000-68% 60,000 40,000 20,000 0 Controlled fleet Controlled fleet, 'No state aid' scenario Source: ISL Bremen; counter-factual scenario estimated by Oxford Economics 31

32 Sweden introduced social security and income tax incentives in 2001, but has not introduced a tonnage tax 8,000 Flagged fleet, 000 DWT Controlled fleet, 000 DWT 25,000 7,000 6, % of world fleet under Swedish flag 20,000 5,000 4, % of world fleet under Swedish flag 15,000 3,000 10,000 2,000 1,000 5, Flagged fleet (left scale) Controlled fleet (right scale) Source: UNCTAD, ISL Bremen 32

33 Applying this approach to nine countries suggests the economic contribution of the EU shipping industry could have been 50 per cent lower in 2012 without state aid measures 160,000 GVA, m Employment 2,500, , , ,000 80,000 60,000 40,000 20,000 Induced Indirect Direct 2,000,000 1,500,000 1,000, ,000 0 Source: Oxford Economics GVA GVA (counterfactual) Employment Employment (counterfactual) 0 33

34 The contribution of maritime academies

35 It is estimated that there were around 38,000 students/cadets in maritime academy type training across the EU and Norway in % since

36 Summary

37 37 The economic value of the EU shipping industry

Economic Outlook March Economic Policy Division

Economic Outlook March Economic Policy Division Economic Outlook March 212 Economic Policy Division Real GDP Outlook Percent Change, Annual Rate 2 1 1 - -1 197 197 198 198 199 199 2 2 21 U.S. GDP Actual and Potential Quarterly, Q1 197 to Q4 211 Real

More information

THE WORLD COMPETITIVENESS SCOREBOARD 2011

THE WORLD COMPETITIVENESS SCOREBOARD 2011 THE WORLD COMPETITIVENESS SCOREBOARD 2011 98.557 94.063 92.588 92.011 90.782 90.219 89.259 87.824 86.475 86.418 86.313 85.707 84.380 84.120 81.629 81.619 81.100 80.278 79.799 78.499 77.599 77.101 76.827

More information

Max Sort Sortation Option - Letters

Max Sort Sortation Option - Letters Max Sort Sortation Option - Letters Western Europe Prices Product Code PS5 PS6 Austria* 0.330 7.550 0.330 7.400 Belgium* 0.370 3.700 0.370 3.540 Denmark* 0.620 5.350 0.620 4.215 Finland* 0.385 4.400 0.385

More information

AREA TOTALS OECD Composite Leading Indicators. OECD Total. OECD + Major 6 Non Member Countries. Major Five Asia. Major Seven.

AREA TOTALS OECD Composite Leading Indicators. OECD Total. OECD + Major 6 Non Member Countries. Major Five Asia. Major Seven. Reference series Composite leading indicators OECD Composite Leading Indicators AREA TOTALS 7-03- 19 OECD Total 19 OECD + Major 6 Non Member Countries 19 Major Seven 19 Major Five Asia 19 Euro area 19

More information

Opportunities in a Challenging Global Business Environment: Can the World Avoid a Double-Dip?

Opportunities in a Challenging Global Business Environment: Can the World Avoid a Double-Dip? Opportunities in a Challenging Global Business Environment: Can the World Avoid a Double-Dip? Ross DeVol Chief Research Officer (310) 570 4615 rdevol@milkeninstitute.org www.milkeninstitute.org Presentation

More information

sector: recent developments VÍTOR CONSTÂNCIO

sector: recent developments VÍTOR CONSTÂNCIO The economy and the banking sector: recent developments VÍTOR CONSTÂNCIO January 2006 Recent performance of the economy and prospects Factors behind the period of slow growth Challenges to the Banking

More information

Shipbuilding Market Overview

Shipbuilding Market Overview Shipbuilding Market Overview Cargotec Capital Markets Day, Helsinki, 17 th November 2011. Steve Gordon, Clarkson Research Services Limited (CRSL) The information supplied herewith is believed to be correct

More information

Beer statistics edition. The Brewers of Europe

Beer statistics edition. The Brewers of Europe Beer statistics 2016 edition The Brewers of Europe Beer statistics 2016 edition The Brewers of Europe November 2016 ISBN 978-2-9601382-7-6 EAN 9782960138276 1 TABLE OF CONTENTS Foreword by President

More information

Beer statistics edition. The Brewers of Europe

Beer statistics edition. The Brewers of Europe Beer statistics 2017 edition The Brewers of Europe Beer statistics 2017 edition The Brewers of Europe December 2017 ISBN 978-2-9601382-9-0 EAN 9782960138290 1 TABLE OF CONTENTS Foreword by President

More information

ADDITIONAL MARKET OUTLOOK for the year ended 31 December 2015

ADDITIONAL MARKET OUTLOOK for the year ended 31 December 2015 ADDITIONAL MARKET OUTLOOK for the year ended 31 December 2015 SOUTH AFRICAN PORT VOLUMES 2015 TEUs 2015 2014 Volume Variance % Deep sea landed full 1 471 927 1 386 381 85 546 6.17 Deep sea landed empty

More information

Airlines, the economy and air transport demand

Airlines, the economy and air transport demand Airlines, the economy and air transport demand Brian Pearce, Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1 Returns for airlines investors lower this year;

More information

Arms industry statistics

Arms industry statistics BRIEFING PAPER Number CBP 7842, 21 December 2016 Arms industry statistics By Rachel Kift and Rob Page Contents: 1. Global defence export market 2. UK defence export market www.parliament.uk/commons-library

More information

Overview of market trends through 2005 Forecasts for 2006 and 2007

Overview of market trends through 2005 Forecasts for 2006 and 2007 Overview of market trends through 2005 Forecasts for 2006 and 2007 Ed Pepke, Ph.D. Forest Products Marketing Specialist Food and Agricultural Organization & UN Economic Commission for Europe Geneva, Switzerland

More information

The Economy of Finland

The Economy of Finland The Economy of Finland Aug 30st 2013, Finnish Ministry of Foreign Affairs Presentation for the American Fulbright Grantees Petteri Rautaporras, Economist at the Federation of Finnish Technology Industries

More information

The Great Convergence: China, India and the new global economy. Mark Thirlwell Program Director, International Economy July 2006

The Great Convergence: China, India and the new global economy. Mark Thirlwell Program Director, International Economy July 2006 The Great Convergence: China, India and the new global economy Mark Thirlwell Program Director, International Economy July 2006 India Two views of the largest economies in 2005 Top 12 economies by GDP,

More information

LOCAL BROADCASTER DUBAI DUBAI SPORTS CHANNEL 01-Nov-13 01:00 02:00 Hlts Day 1 01:00 EUROPE DURATION HH:MM

LOCAL BROADCASTER DUBAI DUBAI SPORTS CHANNEL 01-Nov-13 01:00 02:00 Hlts Day 1 01:00 EUROPE DURATION HH:MM A. HIGHLIGHTS LOCAL BROADCASTER DUBAI DUBAI SPORTS CHANNEL 01-Nov-13 01:00 02:00 Hlts Day 1 01:00 02-Nov-13 01:00 02:00 Hlts Day 2 01:00 03-Nov-13 01:00 02:00 Hlts Day 3 01:00 04-Nov-13 01:00 02:00 Hlts

More information

Trade Growth - Fundamental Driver of Port Operations and Development Strategies

Trade Growth - Fundamental Driver of Port Operations and Development Strategies Trade Growth - Fundamental Driver of Port Operations and Development Strategies Marine Terminal Management Training Program October 15, 2007 Long Beach, CA Paul Bingham Global Insight, Inc. 1 Agenda Economic

More information

The outlook: what we know, the known unknowns and the unknown unknowns

The outlook: what we know, the known unknowns and the unknown unknowns The outlook: what we know, the known unknowns and the unknown unknowns 24 April 2017 Seoul Brian Pearce, Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1

More information

CMMI Maturity Profile Report. 30 June 2017

CMMI Maturity Profile Report. 30 June 2017 CMMI Maturity Profile Report 30 June 2017 Executive Summary Appraisals increased 14% 1 Jan 30 Jun 17 Companies who reappraise continue to increase, currently at 74% 10% of reported appraisals are high

More information

Global Cable: Market trends & business models

Global Cable: Market trends & business models Global Cable: Market trends & business models Guy Bisson, Ampere Analysis January 2018 1 Cable TV penetration 2005: Cable TV drove market with multiple high penetration/low ARPU markets 90 80 70 Netherlands

More information

The Aftermath of Global Financial Crises

The Aftermath of Global Financial Crises The Aftermath of Global Financial Crises Carmen M. Reinhart, University of Maryland, NBER, and CEPR Brookings Institution Washington DC, April 20, 2009 This talk is based on several works with Kenneth

More information

The state organisation of petroleum operations

The state organisation of petroleum operations The state organisation of petroleum operations Stortinget (parliament) Government Ministry of Finance Ministry of Petroleum and Energy Ministry of Labour and Government Administration Norwegian Petroleum

More information

Growth Strategies and Dynamics in Developing Countries. Michael Spence Hamilton Project/CGD Forum Washington D.C. April 14, 2008

Growth Strategies and Dynamics in Developing Countries. Michael Spence Hamilton Project/CGD Forum Washington D.C. April 14, 2008 Growth Strategies and Dynamics in Developing Countries Michael Spence Hamilton Project/CGD Forum Washington D.C. April 14, 2008 1 The Focus The subject is sustained high inclusive growth and the policies,

More information

GREEN BOATS IN PRACTICE. Green Dream Boats Ltd.

GREEN BOATS IN PRACTICE. Green Dream Boats Ltd. GREEN BOATS IN PRACTICE Green Dream Boats Ltd. 1 Yacht industry POLAND 2 Yacht industry Polish perspective Domestic boat production (units) - 2012 Country Sailboats Inboard/ sterndrive motor boats Other

More information

The international. ski market

The international. ski market LV/18/05/2014 Abstract The international ski market Presentation to ISIA Congress 17 May 2014 - Vuokatti Market metrics Skier : one person practising ski, snowboard or other downhill slide, independent

More information

Welcome to KNX Scientific Conference 2012 Las Palmas Gran Canaria Watch how international KNX has become!

Welcome to KNX Scientific Conference 2012 Las Palmas Gran Canaria Watch how international KNX has become! Welcome to KNX Scientific Conference 2012 Las Palmas Gran Canaria Watch how international KNX has become! KNX Association International 22 National Groups in Europe KNX Association International KNX: The

More information

Global Economic Briefing: Industrial Production

Global Economic Briefing: Industrial Production Global Economic Briefing: Industrial Production November 27, 2017 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 4-664-1333 djohnson@ Mali Quintana 4-664-1333 aquintana@ Please visit our sites

More information

5. Golf Industry Trends and Developments in the US 6. The US Macro Economy Factors and Impact over Golf Industry

5. Golf Industry Trends and Developments in the US 6. The US Macro Economy Factors and Impact over Golf Industry TABLE OF CONTENTS 1. Golf Industry Performance Worldwide 1.1. Overview 1.2. Global Golf Equipment Demand and Economy 2. The US Golf Industry Overview 2.1. Industry Segmentation 3. Industry Performance

More information

2 Bivalves: Global production and trade trends

2 Bivalves: Global production and trade trends 2 Bivalves: Global production and trade trends S. Pawiro The international trade in bivalves (shellfish) is very much regionalized. Few countries are able to penetrate distant markets outside their regions,

More information

TO INFINITY AND BEYOND? CAN RETAIL NON WOVENS KEEP GROWING? DANIEL GRIMSEY, RESEARCH ANALYST

TO INFINITY AND BEYOND? CAN RETAIL NON WOVENS KEEP GROWING? DANIEL GRIMSEY, RESEARCH ANALYST TO INFINITY AND BEYOND? CAN RETAIL NON WOVENS KEEP GROWING? DANIEL GRIMSEY, RESEARCH ANALYST Euromonitor International: Global Market Intelligence 2 Euromonitor International Covers Your Industry 3 Countries

More information

Multidimensional Analysis

Multidimensional Analysis Multidimensional Analysis of Macro Sustainability of Russia: New Methods for Measuring Progress Dr Stanislav Shmelev, Senior Research Fellow, Oxford University, UK E-mail: s.shmelev@ouce.ox.ac.uk Tel:

More information

Key Figures and Trends for the Agricultural Machinery Industry

Key Figures and Trends for the Agricultural Machinery Industry Key Figures and Trends for the Agricultural Machinery Industry Update: November 2015 (monthly) Contact: Philip Nonnenmacher VDMA Agricultural Machinery Association philip.nonnenmacher@vdma.org Subject

More information

Korea s Education Reform. Ju Ho Lee, KDI School

Korea s Education Reform. Ju Ho Lee, KDI School Korea s Education Reform Ju Ho Lee, KDI School Table of Contents I. Virtuous Circle II. Number One in Human Capital? III. Education Bubbles IV. Education reform V. Powerhouse of Global Talents Socio-Economic

More information

Energy Outlook Global and Domestic Trends and Challenges. Dr. John Caldwell Director of Economics, EEI 1

Energy Outlook Global and Domestic Trends and Challenges. Dr. John Caldwell Director of Economics, EEI 1 Energy Outlook Global and Domestic Trends and Challenges Dr. John Caldwell Director of Economics, EEI 1 World GDP Growth Other Economies are Outpacing the U.S. Other, 7996.16, 11% Africa, 3962.51, 6% Latin

More information

University of Groningen & The Conference Board Asia s Productivity Performance and Potential: A Sectoral Perspective

University of Groningen & The Conference Board Asia s Productivity Performance and Potential: A Sectoral Perspective University of Groningen & The Conference Board Asia s Productivity Performance and Potential: A Sectoral Perspective Bart van Ark and Marcel Timmer Groningen Growth and Development Centre May 2003 Dynamics

More information

THE ECONOMIC CONTRIBUTION FROM HORSES

THE ECONOMIC CONTRIBUTION FROM HORSES THE ECONOMIC CONTRIBUTION FROM HORSES ECONOMIC CONTRIBUTION FROM HORSES HIGHLIGHTS The horse industry contributes more than $19 billion annually to the Canadian economy On-farm activities with horses generate

More information

TABLE 1: NET OFFICIAL DEVELOPMENT ASSISTANCE FROM DAC AND OTHER DONORS IN 2012 Preliminary data for 2012

TABLE 1: NET OFFICIAL DEVELOPMENT ASSISTANCE FROM DAC AND OTHER DONORS IN 2012 Preliminary data for 2012 TABLE 1: NET OFFICIAL DEVELOPMENT ASSISTANCE FROM DAC AND OTHER DONORS IN 2012 DAC countries: 2012 2011 2012 ODA ODA/GNI ODA ODA/GNI ODA Percent change USD million % USD million % USD million (1) 2011

More information

Lecture 3 The Lisbon Strategy

Lecture 3 The Lisbon Strategy Lecture 3 The Lisbon Strategy Outline The Lisbon European Council held in March 2000 recognized the need of reforming labour,, product, and financial markets in order the performance of the EU economy

More information

INTERNATIONAL STUDENT STATISTICAL SUMMARY Spring 2017 (Final)

INTERNATIONAL STUDENT STATISTICAL SUMMARY Spring 2017 (Final) INTERNATIONAL STUDENT STATISTICAL SUMMARY Spring 2017 (Final) Prepared By: Mr. Jay Ward, Associate Director Office of International Programs San Francisco State University Non-Matriculated SP 17 SP 16

More information

TV MEDIA ANALYSIS END SEASON Expertise by Nielsen Sports Your contact person(s): Marco Nazzari, Pamela Delmiglio

TV MEDIA ANALYSIS END SEASON Expertise by Nielsen Sports Your contact person(s): Marco Nazzari, Pamela Delmiglio TV MEDIA ANALYSIS END SEASON 2016 Expertise by Nielsen Sports Your contact person(s): Marco Nazzari, Pamela Delmiglio CONTENTS OBJECT OF ANALYSIS 3 CHANNEL MONITORED 4 TOP MANAGEMENT REPORT 5 CHAMPIONSHIP

More information

International Economic Outlook: Shifting International Trade Routes

International Economic Outlook: Shifting International Trade Routes International Economic Outlook: Shifting International Trade Routes Larry Boorstein, Project Manager, AECOM Prepared for Shifting International Trade Routes, January 29-30, 2015, Tampa, presented by AAPA

More information

Demography Series: China

Demography Series: China Demography Series: China April 9, 212 Dr. Edward Yardeni 16-972-7683 eyardeni@ Sailesh S Radha 83-786-1368 sradha@ Please visit our sites at www. blog. thinking outside the box Table Of Contents Table

More information

Cheese (American, Italian, Hard, Soft, Fresh and Others) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast,

Cheese (American, Italian, Hard, Soft, Fresh and Others) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, Cheese (American, Italian, Hard, Soft, Fresh and Others) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013-2019 ResearchMoz include new market research report" Cheese (American,

More information

Telling Canada s story in numbers Elizabeth Richards Analytical Studies Branch April 20, 2017

Telling Canada s story in numbers Elizabeth Richards Analytical Studies Branch April 20, 2017 Recent Developments in the Canadian Economy: How have the decline in oil prices and a weaker Canadian dollar affected Canada s economy? www.statcan.gc.ca Telling Canada s story in numbers Elizabeth Richards

More information

Offshore Wind Vessels. Steven Kopits Douglas-Westwood LLC

Offshore Wind Vessels. Steven Kopits Douglas-Westwood LLC Offshore Wind Vessels Steven Kopits Douglas-Westwood LLC Offshore Wind: Removing Market Barriers DOE Webinar July 25, 2012 1 www.dw-1.com Our business History and Office Locations Established 1990 Aberdeen,

More information

Post Show Report April 2015, Moscow, Russia. #ipheb

Post Show Report April 2015, Moscow, Russia. #ipheb Post Show Report 2015 27-29 April 2015, Moscow, Russia Join the pharma community @cphiww #cphirussia #ipheb Contents 1. Show Profile 3 2. Visitor: 2015 Facts & Figures 4 2.1 Top visitor countries 4 2.2

More information

Public Procurement Indicators 2015

Public Procurement Indicators 2015 Public Procurement Indicators 21 DG GROW G4 - Innovative and e-procurement December 19, 216 1 Summary of main facts This document provides various indicators describing the public procurement market in

More information

Table I. NET CALORIFIC VALUES OF ENERGY PRODUCTS GJ/ton

Table I. NET CALORIFIC VALUES OF ENERGY PRODUCTS GJ/ton Table I PRODUCTION, EXPORTS AND CHANGES IN STOCKS HARD COAL 2011 2012 2013 2014 Standard factor 25.8 25.8 25.8 25.8 Argentina 24.7 24.7 24.7 24.7 Australia 27.1 27.0 26.9 26.9 Bangladesh 20.9 20.9 20.9

More information

Major Issues and Trends Facing the Port and Marine Transportation Industry

Major Issues and Trends Facing the Port and Marine Transportation Industry Major Issues and Trends Facing the Port and Marine Transportation Industry Presented to: AAPA Marine Terminal Management Training Program April 24, 2006 Charleston Riverview Hotel Charleston, SC - USA

More information

Current Hawaii Economic Conditions. Eugene Tian

Current Hawaii Economic Conditions. Eugene Tian Current Hawaii Economic Conditions Eugene Tian Department of Business, Economic Development & Tourism At the PATA/TTRA 2016 Annual Outlook & Economic Forecast Forum February 3, 2016 Positive Signs in the

More information

Selection statistics

Selection statistics Selection statistics ERASMUS+ Sport Call for proposals EAC-A03-2016 Selection year 2017 Collaborative Partnerships Small Collaborative Partnerships Not-for-profit European Sport Events Erasmus+ Applications

More information

European Values Study & World Values Study - Participating Countries ( )

European Values Study & World Values Study - Participating Countries ( ) GESIS Data Archive for the Social Sciences http://www.gesis.org/en/home/ ASEP/JD Data Archive http://www.jdsurvey.net/jds/jdsurvey.jsp European Values Study & World Values Study - Participating Countries

More information

Global Outlook for Agriculture Trend versus Cycle

Global Outlook for Agriculture Trend versus Cycle Global Outlook for Agriculture Trend versus Cycle Michael Swanson Ph.D. Wells Fargo October 2017 Everything is connected we just don t see how. Connection corollary: Nothing natural moves in a straight

More information

Climate Change & India

Climate Change & India Climate Change & India New Delhi How has India warmed over the past 117 years? How the temperatures have increased seasonally? How far away we are from 1.5 degree C target? Methodology 117 years (1901-1916)

More information

Yacht Engaged in Trade (YET): Blending the Benefits of Private and Charter Use Presented by Patrick Bachofner Lausanne, 2nd May 2017

Yacht Engaged in Trade (YET): Blending the Benefits of Private and Charter Use Presented by Patrick Bachofner Lausanne, 2nd May 2017 THE MARSHALL ISLANDS REGISTRY Yacht Engaged in Trade (YET): Blending the Benefits of Private and Charter Use Presented by Patrick Bachofner Lausanne, 2nd May 2017 AGENDA Introduction to the Marshall Islands

More information

The Global Economy: Sustaining Momentum

The Global Economy: Sustaining Momentum The Global Economy: Sustaining Momentum David J. Stockton Senior Fellow Peterson Institute for International Economics Chief Economist Monetary Policy Analytics October 5, 2017 What s Driving the Global

More information

Table I. NET CALORIFIC VALUES OF ENERGY PRODUCTS GJ/ton

Table I. NET CALORIFIC VALUES OF ENERGY PRODUCTS GJ/ton Table I PRODUCTION, EXPORTS AND CHANGES IN STOCKS HARD COAL 2009 2010 2011 2012 Standard factor 25.8 25.8 25.8 25.8 Argentina 24.7 24.7 24.7 24.7 Australia 28.7 27.2 27.1 27.0 Bangladesh 20.9 20.9 20.9

More information

RBC Economics Financial Update Dawn Desjardins

RBC Economics Financial Update Dawn Desjardins RBC Economics Financial Update Dawn Desjardins CICA/RBC Q4 2011 Business Monitor Economic Results Overview Business and Economic Optimism Begin to Stablize 100 % 80 % 60 % 40 % 20 % 0 % National Optimism

More information

Country fact sheet South Korea

Country fact sheet South Korea ESRA results Country fact sheet South Korea The ESRA project is a joint initiative of research institutes in 25 countries aiming at collecting comparable national data on road users opinions, attitudes

More information

3 GLOBAL FOODSERVICE TRENDS. Bob O'Brien, The NPD Group

3 GLOBAL FOODSERVICE TRENDS. Bob O'Brien, The NPD Group 3 GLOBAL FOODSERVICE TRENDS Bob O'Brien, The NPD Group Overview Contrasting market structures around the world Key elements of global performance this decade Foodservice Markets Tracked by NPD CREST PILOT

More information

Outline. Overview of globalization. Global outlook for real economic activity & inflation. Risks to the outlook

Outline. Overview of globalization. Global outlook for real economic activity & inflation. Risks to the outlook 2017 International Economic Outlook Everett Grant Research Economist Globalization & Monetary Policy Institute Federal Reserve Bank of Dallas October 2017 The views expressed are those of the author and

More information

Facing the Crisis in Southern Europe: Demographic, Political and Social Service Dilemmas

Facing the Crisis in Southern Europe: Demographic, Political and Social Service Dilemmas Facing the Crisis in Southern Europe: Demographic, Political and Social Service Dilemmas Manuel Aguilar Hendrickson Universitat de Barcelona manuel.aguilar.hendrickson@ub.edu The Roatch Lecture The Roatch-Haskell

More information

INVITATION WORLD 9 BALL CHAMPIONSHIP 2017 (W9BC)

INVITATION WORLD 9 BALL CHAMPIONSHIP 2017 (W9BC) INVITATION WORLD 9 BALL CHAMPIONSHIP 2017 (W9BC) 5 th 14 th December 2017 We are pleased to inform you that the Qatar Billiards & Snooker Federation in Cooperation with the Qatar Olympic Committee, is

More information

Market Outlook January,

Market Outlook January, Market Outlook 2004 January, 2004 www.teekay.com Forward Looking Statements This document contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended)

More information

J.P. Morgan Ultimate Services Investor Conference November 15, 2016

J.P. Morgan Ultimate Services Investor Conference November 15, 2016 J.P. Morgan Ultimate Services Investor Conference November 15, 2016 Max Messmer Chairman and CEO Keith Waddell Vice Chairman, President and CFO Company Background Originated in 1948 as boutique financial

More information

USTA Player Development 2017 Excellence Grant Criteria Jr Girls, Collegiate & Professional Players

USTA Player Development 2017 Excellence Grant Criteria Jr Girls, Collegiate & Professional Players USTA Player Development 2017 Excellence Grant Criteria Jr Girls, Collegiate & Professional Players In order to encourage the development of U.S. players we have designed USTA Player Development Excellence

More information

Global Economic Indicators: Global Leading Indicators

Global Economic Indicators: Global Leading Indicators Global Economic Indicators: Global Leading Indicators November 27, 2017 Dr. Edward Yardeni 516-2-7683 eyardeni@ Debbie Johnson 480-664-1333 djohnson@ Mali Quintana 480-664-1333 aquintana@ Please visit

More information

European Research Council

European Research Council European Research Council ERC Starting Grants 217 Outcome: Indicative statistics Reproduction is authorised provided the source 'ERC' is acknowledged. NB: In these graphs, 'grantee' refers to a candidate

More information

Economy-wide (general equilibrium) analysis of Philippines mitigation potential

Economy-wide (general equilibrium) analysis of Philippines mitigation potential Global Trade Analysis Project Economy-wide (general equilibrium) analysis of Philippines mitigation potential Erwin Corong Center for Global Trade Analysis, Purdue University Crowne Plaza Hotel, Manila

More information

Offshore Energy Årsmøde Offshore Wind Energy in Europe

Offshore Energy Årsmøde Offshore Wind Energy in Europe Analyst PRESENTATION Årsmøde Offshore Wind Energy in Europe Michael Guldbrandtsen mg@consultmake.com Offshore wind development Offshore wind farms have grown significantly 1991 22 22 Vindeby Horns Rev

More information

European fishing fleet capacity management

European fishing fleet capacity management European fishing fleet capacity management Seas at Risk Conference Brussels, 21 October 2009 Sophie des Clers Photo Zineb Sedira CFP reform - Vision for 2020 Europe s fishing industry has become far more

More information

Campari Group s History

Campari Group s History 2017 Campari Group s History Campari was founded in 1860 - the year Gaspare Campari invented the bright red bittersweet aperitif in downtown Milan. From 1888 onwards, his successor and son, Davide Campari,

More information

Steel: A Buyer s Market for the Worst of Reasons. John Anton Director, IHS Global Insight Steel Service August 2009

Steel: A Buyer s Market for the Worst of Reasons. John Anton Director, IHS Global Insight Steel Service August 2009 Steel: A Buyer s Market for the Worst of Reasons John Anton Director, IHS Global Insight Steel Service August 2009 The U.S. Recession Is Bottoming Out This recession has been the most severe of the postwar

More information

Trade, Employment and Gender: Case Study of Mauritius

Trade, Employment and Gender: Case Study of Mauritius Trade, Employment and Gender: Case Study of Mauritius Baboo M. Nowbutsing University of Mauritius Outline Introduction Some Facts Trade and Job Creation Conclusion 1. Introduction Mixed trade policy of

More information

Will it offer a worthwhile return on investment for operators seeking growth in new markets? GO OR NO GO?

Will it offer a worthwhile return on investment for operators seeking growth in new markets? GO OR NO GO? Will it offer a worthwhile return on investment for operators seeking growth in new markets? GO OR NO GO? Introduction Big picture of french online gaming market Main issues on french online gaming market

More information

World supply and demand of tilapia

World supply and demand of tilapia World supply and demand of tilapia by Helga Josupeit FAO Rome, October 2010 World tilapia production World tilapia production has been booming during the last decade, with output doubling from 830000 tonnes

More information

IBSA Goalball World Rankings 31 December 2017 Men's Division

IBSA Goalball World Rankings 31 December 2017 Men's Division IBSA Goalball World Rankings 31 December 2017 Men's Division Rank No v Oc t Se p Au g Ju l Team Region Score Goal Diff Results Gol p Gme Last Plyd Weight 1st 5 6 6 1 2 Brazil Americas 661.802 4.564 0.872

More information

Global Milking Robots Industry Report 2015

Global Milking Robots Industry Report 2015 Published on Market Research Reports Inc. (https://www.marketresearchreports.com) Home > Global Milking Robots Industry Report 2015 Global Milking Robots Industry Report 2015 Publication ID: QYR121570731

More information

Steel Market Outlook. AM/NS Calvert

Steel Market Outlook. AM/NS Calvert Steel Market Outlook AM/NS Calvert Agenda Economic indicators Key steel consuming markets and forecasted demand Steel consumptions trends Global steel markets and raw materials Comments on trade 1 U.S.

More information

Summary of the final report of the study "Employment in the fisheries sector: current situation (FISH/2004/4)"

Summary of the final report of the study Employment in the fisheries sector: current situation (FISH/2004/4) Summary of the final report of the study "Employment in the fisheries sector: current situation (FISH/2004/4)" The report presents data on employment in the fisheries sector and its three sub-sectors (fishing,

More information

colorado.edu/business/brd

colorado.edu/business/brd colorado.edu/business/brd Big Changes, Unknown Impacts Southwest Business Forum Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations January

More information

Comparison of urban energy use and carbon emission in Tokyo, Beijing, Seoul and Shanghai

Comparison of urban energy use and carbon emission in Tokyo, Beijing, Seoul and Shanghai International Workshop on Urban Energy and Carbon Modeling, February 5-6, 28, AIT Centre, Asian Institute of Technology, Pathumthani, Thailand Comparison of urban energy use and carbon emission in Tokyo,

More information

EFFECTS OF EXTENDING AND EXPANDING ENERGY-EFFICIENCY TAX DEDUCTION FOR COMMERCIAL BUILDINGS

EFFECTS OF EXTENDING AND EXPANDING ENERGY-EFFICIENCY TAX DEDUCTION FOR COMMERCIAL BUILDINGS EFFECTS OF EXTENDING AND EXPANDING ENERGY-EFFICIENCY TAX DEDUCTION FOR COMMERCIAL BUILDINGS Prepared by Regional Economic Models, Inc. (REMI) Agenda Overview of 179D tax provision Energy efficiency and

More information

Country Snapshot: GREECE. Thessaloniki. Corfu. Athens. Sparta. Rhodos. Crete

Country Snapshot: GREECE. Thessaloniki. Corfu. Athens. Sparta. Rhodos. Crete G O L F A DV I S O R Y P R A C T I C E I N E M A Country Snapshot: GREECE A DV I S O R Y Thessaloniki Corfu Athens Sparta Rhodos Crete Published in August 2010 The Greek golf market in July 2010 Number

More information

Risk. Developing Guidance and Incident Reporting for Operations Using Dynamic Positioning

Risk. Developing Guidance and Incident Reporting for Operations Using Dynamic Positioning Risk Developing Guidance and Incident Reporting for Operations Using Dynamic Positioning Ian C. Giddings The International Marine Contractors Association (IMCA) October 9-10, 2007 DEVELOPING GUIDANCE AND

More information

International and Niche Markets for Wave and Tidal Energy. Neil Ferguson

International and Niche Markets for Wave and Tidal Energy. Neil Ferguson International and Niche Markets for Wave and Tidal Energy Neil Ferguson Scottish Enterprise Scottish Enterprise aims to deliver a significant, lasting effect on the Scottish economy. Our four interconnected

More information

The Economic Outlook. Economic Policy Division

The Economic Outlook. Economic Policy Division The Economic Outlook Economic Policy Division Glass Half Full Six years of steady growth Real GDP Outlook Percent Change, Annual Rate 10 5 0-5 -10 1980 1985 1990 1995 2000 2005 2010 2015 Glass Half Full

More information

Warsaw, 15 March 2012

Warsaw, 15 March 2012 Warsaw, 15 March 2012 PZU 2.0 PZU Group s Strategy for 2012-2014 PZU Group s Vision for Growth PZU 2.0 Through our strong customer focus and superior operational efficiency the PZU Group will become the

More information

OPAP. Company Presentation July 2012

OPAP. Company Presentation July 2012 OPAP Company Presentation July 2012 1 Agenda 1. History - Company Overview 2. Financial Overview 3. Strategy 4. Social Responsibility 5. Summary 2 The Story so far 1958: Establishment of the Greek Organization

More information

A Satellite Account for GOLF. in the Republic of Ireland

A Satellite Account for GOLF. in the Republic of Ireland A Satellite Account for GOLF in the Republic of Ireland FOREWORD Golf plays a positive role in the social and sporting life of Irish society. Golf clubs and members have long known this through their

More information

Susan J. Adams, PhD IMF-PFTAC Coordinator

Susan J. Adams, PhD IMF-PFTAC Coordinator A MACROECONOMIC PORTRAIT OF THE PACIFIC: A Presentation for PEGASeS August 16, 2007 Susan J. Adams, PhD IMF-PFTAC Coordinator Compiled by the IMF Asia and Pacific Department Edited by PFTAC OUTLINE OF

More information

NITROGEN CHARGING KIT type PC 11.1 E 01-12

NITROGEN CHARGING KIT type PC 11.1 E 01-12 NITROGEN CHARGING KIT type PC 11.1 E 01-12 11.1.1 TECHNICAL DATA MAX OPERATING PRESSURE (PS): 600 BAR PRESSURE TEST (PT): 1.43 PS SCALE OF PRESSURE GAUGE: 4-10 - 16-25 - 60-100 - 250 (std.) - 400-600 bar

More information

The Rise of China and Breaking out the Middle- Income Trap in Latin America and the Caribbean countries: A New Structural Economics Approach

The Rise of China and Breaking out the Middle- Income Trap in Latin America and the Caribbean countries: A New Structural Economics Approach The Rise of China and Breaking out the Middle- Income Trap in Latin America and the Caribbean countries: A New Structural Economics Approach Justin Yifu Lin Senior Vice President and Chief Economist The

More information

Scuba diving and sustainable tourism development in a less developed country. Melville Saayman & Andrea Saayman

Scuba diving and sustainable tourism development in a less developed country. Melville Saayman & Andrea Saayman Scuba diving and sustainable tourism development in a less developed country Melville Saayman & Andrea Saayman Scuba diving and sustainable tourism development in a less developed country Melville Saayman

More information

PEMEX PETROQUIMICA 2013 ANNUAL CONFERENCE. PCI Xylenes & Polyester Doug Rightler

PEMEX PETROQUIMICA 2013 ANNUAL CONFERENCE. PCI Xylenes & Polyester Doug Rightler PEMEX PETROQUIMICA 2013 ANNUAL CONFERENCE PCI Xylenes & Polyester Doug Rightler Discussion Points» MEG demand growth by region.» MEG supply - China is in control or is it?» Price drivers - the Chinese

More information

44 Economic Perspectives

44 Economic Perspectives 44 Economic Perspectives Source: Kotlikoff (1988), p. 44 In Hundreds 70 Of Dollars 60 50.. 40. 30 ;-*** * s EARNINGS 20 -CONSUMPTION 10 10 20 30 40 50 60 70 Age 1910 1920 1930 1940 1950 1960 Year Fig.

More information

market overview TRENDY VÝVOJE STAVEBNICTVÍ V EVROPĚ Jan Blahoňovský

market overview TRENDY VÝVOJE STAVEBNICTVÍ V EVROPĚ   Jan Blahoňovský Construction market overview Jan Blahoňovský jan.blahonovsky@urspraha.cz www.euroconstruct.cz www.urspraha.cz TRENDY VÝVOJE STAVEBNICTVÍ V EVROPĚ 2 France [FR] BIPE Germany [GE] Ifo The EUROCONSTRUCT Network

More information

5.16 NETHERLANDS. Short description of the national fleet. Fleet capacity. Fleet structure. Employment. Effort. Production

5.16 NETHERLANDS. Short description of the national fleet. Fleet capacity. Fleet structure. Employment. Effort. Production 5.16 NETHERLANDS Short description of the national fleet Fleet capacity In 2015, the Dutch fishing fleet consisted of 718 registered vessels, 203 of which were inactive, with a combined gross tonnage of

More information

The Future of World Car Fleet: The Road Ahead

The Future of World Car Fleet: The Road Ahead The Future of World Car Fleet: The Road Ahead (A BBVA Research model for long-term automobile projections) November, 212 Cross-Country Emerging Markets Unit Key Messages Motivation: Analysis of long run

More information

The Value of Golf to Europe, Middle East and Africa

The Value of Golf to Europe, Middle East and Africa GOLF ADVISORY PRACTICE IN EMA The Value of Golf to, Middle East and Africa A Study on the Golf Economy ADVISORY 2 The Value of Golf to, Middle East and Africa This study is supported and endorsed by the

More information