Early 2015 Performance In Baltic Sea Ports: Forecasts Of Estonian Performance For Entire Year

Many changes have appeared in year 2015. In Europe economic malaise has continued since debt crisis started in year 2010, and although its effects on Northern Europe have started to diminish, new economic dark clouds have appeared through sanctions set by both European Union and Russia to each other during year 2014. Together with these, shipping sector has been under pressure due to strict sulphur regulation implemented from early 2015 onwards in the entire Baltic Sea Region. Due to these factors, sea ports at Baltic Sea have been under pressure during the first months of 2015, this particularly concerning container handling. Based on our regression model forecast, Estonia and Port of Tallinn shall have clearly declining container handling year ahead. However, overall handling at sea port is not so easy to forecast.