Slide 1

Recent Developments and Policy Implications for Port Modernization in the Mediterranean Vincent F. Valentine Officer-in-Charge, Transport Section Division on Technology and Logistics Parliamentary Assembly of the Mediterranean 2013 Slide 2 Contents 1.Overview 2.Infrastructure 3.Funding 4.UNCTADs Work 5.Policy Implications Slide 3 1. Overview Slide 4 Shipping in the Mediterranean Source: Lloyds List Intelligence 28th May 2013 18.47hrs Slide 5 PAM region Top 10 Container ports Source: UNCTAD Estimates (2013) Slide 6 Valencia Source: Lloyds List Intelligence 28th May 2013 18.57hrs Slide 7 PAM region - Port Throughput Source: UNCTAD (2013) Review of Maritime Transport Forthcoming Slide 8 2. Infrastructure Slide 9 Utilization rate and Growth Source: UNCTAD derived from Dynamar (2013) Container Throughput and Terminal Capacity in the Mediterranean STS - Ship to Shore MHC - Mobile Harbour Cranes Slide 10 PAM Region - TEU Capacity Growth Forecast Western (Europe) Mediterranean 31% North Africa 160% Adriatic 47% Levant 74% Greece & Turkey 82% Source: Dynamar (2013) Container Throughput and Terminal Capacity in the Mediterranean Slide 11 Future utilization Mediterranean terminal capacity is set to grow from 69 million TEU in 2011 to 113 million TEU by 2021, an increase of 66%.* Volumes during the same period are expected to increase by 83% from 45.1 million TEU in 2011 to 82.7 million in 2021 pushing utilization average rates to 73%. Source: Dynamar (2013) Container Throughput and Terminal Capacity in the Mediterranean *including Black Sea Ports Slide 12 Future Capacity Variations by sub-region (based upon 75% utilization) Source: Dynamar (2013) Container Throughput and Terminal Capacity in the Mediterranean N.B. North Africa based on Tangier Med port Slide 13 Average (159 countries) Trends Source: UNCTAD Liner Shipping Connectivity Index RMT various years Slide 14 3. Funding Slide 15 Sources of International and Regional Funding Slide 16 Infrastructure Investment Funds FundFirmSizeRegion Global Infrastructure Partners IIGlobal Infrastructure Partners8,250Global Global Infrastructure Partners 5,640Global Energy Capital Partners IIEnergy Capital Partners4,335North America EIG Energy Fund XVEIG Global Energy Partners4,121Global Alinda Infrastructure Fund IIAlinda Capital Partners4,097North America, Europe Morgan Stanley Infrastructure PartnersMorgan Stanley Infrastructure4,000Global Citi Infrastructure PartnersCiti Infrastructure Investors3,400OECD ArcLight Energy Partners Fund VArcLight Capital Partners3,310North America, Europe GS Infrastructure Partners IIGS Infrastructure Investment Group3,100North America, Europe Brookfield Americas Infrastructure FundBrookfield Asset Management2,655North America, South America Source: (Preqin, 2012) The 2012 Preqin Infrastructure Review Slide 17 International Terminal Operators Source: Drewry (2012) Global Container Terminal Operators Annual Report Slide 18 4. UNCTADs Work Slide 19 Slide 20 Analysis Port Performance Research Network Publication Review of Maritime Transport Newsletter Data Port Training Programme UNCTAD s - Network Portal/ Index ? IAPH PMAESA PMAWCAAAPA Trade Logistics Branch, DTL/UNCTAD Academic Journals Civil Society ESPOOther Ports Collaboration UNCTAD Secretariat PAM ? Slide 21 JOC Port Productivity Index Slide 22 Challenges Changing Trade Patterns CO 2 Emissions Bigger Customer $ Slide 23 5. Policy Implications Slide 24 Policy Implications Governments need to find funding for port improvements (infra & superstructures) in a sustainable way so that future maintenance costs are easy to raise. Increased attention to port benchmarking means industry will play a greater role in monitor efficiency. Environmental concerns are fundamental to any development plan whether it be reporting, adaption or mitigation. Slide 25 Main Sources Dynamar UNCTAD Drewry