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Follow on Google News | New Market Research Report: Philippines Shipping Report Q1 2011New Transportation market report from Business Monitor International: "Philippines Shipping Report Q1 2011"
This offers a sound base for BMI's forecasts in port throughput at MICT for 2011 and for the rest of the medium term. We single out the potential of intra-Asia trade as the major upside for Philippines shipping and throughput at the nation's ports. Headline Industry Data * 2011 MICT tonnage throughput forecast 2.5% following a projected growth of 16.7% in 2010. * 2011 MICT container throughput forecast 2.66% following a projected growth of 15.9% in 2010 * 2011 total trade forecast 2.7% Key Industry Trend Port Expansion Ramped Up- Philippines To Benefit From Intra-Asia Trade Growth -- Expansion of nation's ports being spearheaded by Philippines based International Container Terminal Services Inc (ICTSI). Ports where investment is currently being channelled are MICT and Davao. Expansion of port facilities will help country cater for projected growth in throughput at Philippine's ports, the country's trade is set to benefit from increased intra-Asia trade with ASEAN of which the Philippines is a member operating free trade agreements (FTAs) with both China and India. Risks To Outlook Mid to long-term Intra-Asia trade growth offers upside risk to our throughput at the Philippine ports. There is, however, a caveat, in that the Philippines will only benefit if it expands and upgrades its ports otherwise trade is likely to pass it by. We highlight this, as in comparison to its ASEAN peers the Philippines port infrastructure scores low on the Global Economic Forum 2010's Competitiveness Ratings, ranked at 112, this is compared to Singapore's port infrastructure which is number one, Indonesia and Vietnam's ports are ranked at 99 and 95 respectively. While in the long term ASEAN's FTA with China will be the stimulus to trade growth in intra-Asia in the short term (2011) we expect China's demand for imports to slip, this will negatively affect the Philippines as China is the country's main export partner, BMI's Country Risk team has already factored in this downside risk to its trade forecasts for the Philippines. In 2011, we project that the country's total trade will grow by just 2.7% y-o-y, a slowdown compared to the forecast growth of 16.95% in 2010. This has fed through into our predictions for Philippine port throughput in 2011, with BMI's Shipping desk forecasting container volumes at MICT to grow by just 2.66% compared to the 15.87% that we project for 2010. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: Executive Summary SWOT Analysis - Philippines Shipping SWOT Global Overview - Container Shipping Overview - Dry Bulk Shipping Overview - Liquid Bulk Overview Industry Trends And Developments Market Overview Manila International Container Terminal - Overview - Terminals, Storage And Equipment - Expansions And Developments - Multi-Modal Links - Port of Cebu - Overview - Terminals, Storage And Equipment - Expansions And Developments - Multi-Modal Links Industry Forecast - Table: Major Port Data - Table: Trade Overview - Table: Key Trade Indicators - Table: Main Import Partners - Table: Main Export Partners Company Profiles - A.P. MOLLER-MAERSK - Mediterranean Shipping Company (MSC) - CMA CGM - Neptune Orient Lines (& APL) - Hapag-Lloyd - Evergreen Line - China Ocean Shipping (Group) Company (COSCO) - CSAV Shipping - China Shipping (CSCL) - Hanjin Shipping - Mitsui OSK Lines (MOL) - Nippon Yusen Kabushiki Kaisha (NYK) About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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