Effects of the evolution of the container industry on forecast traffic of Tenerife Container Terminal (TCT)

Client: Port Authority of Santa Cruz de Tenerife
Date: 2015
Participants: CENIT, Facultat de Nàutica de Barcelona (FNB)

This study aims to identify the causes of the deviations between the actual traffic and the traffic forecasts that were carried out in 2011 in the market study for the tendering process of the new container terminal at the port of Santa Cruz de Tenerife.

Therefore, the reference report corresponds to the market study prepared by Moffat and Nichol for the public tendering process, where traffic forecasts were estimated until the end of the concession.

 The study is divided in two parts: the first part focuses on captive traffic (local market) and the second part focuses on international transshipments, where the container terminal competes with the ports of Las Palmas, Algeciras, Tanger and Sines.

 The main tasks of the study are:

 -Analysis of the evolution of traffic growth based on the trend of the local economy to estimate the coastwise trade.

-Strategic analysis of key competitiveness factors (location, cost, productivity and connectivity) of the terminals located in the Atlantic zone.

 -Study of the strategies of vertical integration by shipping companies to gain greater control of transshipments.

 Finally, the study indicates the main reasons or motivations that justify the current situation of TCT container terminal port of Santa Cruz de Tenerife.