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"Philippines Freight Transport Report Q2 2011" now available at Fast Market Research

Fast Market Research recommends "Philippines Freight Transport Report Q2 2011" from Business Monitor International, now available

 
PRLog - March 20, 2011 - Throughput at one of Philippines' largest ports, Manila International Container Terminal (MICT), is forecast to post another year of growth in 2011 following a successful 2010, which allowed the port to recover from the global downturn in trade.

Latest year to date figures (January-September 2010) for tonnage volumes at the MICT of 13.7mn tonnes and box levels exceeding 1.2mn TEU offer a sound base for BMI's estimates that the port recorded a full y-o-y increases in throughput of 16.7% in tonnage and 15.9% in container volumes in 2010.

This also presents a firm foundation for BMI's forecasts in port throughput at MICT for 2011 and for the rest of the medium term (to 2015). We predict that the port's tonnage will reach 23.8mn tonnes in 2015, increasing by 27.5% on projected 2011 handling figure. Container volumes for the same period will increase by 29.5% to reach 2.152mn TEU in 2015.

Headline Industry Data

* 2011 port of Cebu tonnage throughput forecast +8.67% following an estimated growth of 14.5% in 2010.
 * 2011 MICT container throughput forecast +2.66% following an estimated growth of 15.9% in 2010.
 * 2011 total trade growth forecast +3.70%.


Key Industry Trends

Expansion Projects to Ease Congestion at Manila

International Container Terminal Services Inc (ICTSI) and South Harbour Asian Terminals Inc (ATI), two of the largest terminal operators in the country, have announced they are to implement a number of projects this year to help resolve port congestion. ATI said it would build an offsite container yard near its Manila South Harbour concession. It will be built six km from the South Harbour and will likely double the current yard's capacity to 120 containers per month. ATI said it was also extending Pier 3 by 120m, expanding Pier 9 and demolishing two Philippine Ports Authority (PPA) buildings to make way for a bigger container yard. ICTSI has expressed its commitment to expand its Berth 6 by 320m and Berth 7 by 300m, as well as increasing the size of its container yard, in the Manila International Container Terminal (MICT). It is also looking at creating a truck-holding area outside the port zone.

San Miguel to Build Logistics Centre

San Miguel has announced plans to construct a logistics centre at the Philippine port of Manila to cater for its increasingly diverse business requirements. The company declared that it was earmarking an initial US$460mn for the project. In a statement submitted to the Philippine Stock Exchange, the company said: 'We advise that the company and its subsidiaries are evaluating the viability of constructing a centralised and integrated logistics complex within the Manila North Harbour area.' The company has begun this operation already by acquiring, through the oil company Petron, of which San Miguel is a major shareholder, a 35% stake in Manila North Harbour Port. BMI notes that this development could provide upside risk to our current port throughput forecast for the Manila International Container Terminal.

Risks To Outlook

Prospective upside risk to BMI's throughput forecasts is due to the fact that intra-Asia trade holds massive potential for shipping, with major container lines Maersk, CMA CGM and Evergreen already moving to increase their exposure to this market. The country's location provides it access to intra-Asian shipping routes.

More potential upside risk to our throughput forecasts stems from the growth in private consumption, currently being the most important driver of Philippines' GDP growth, which, according to our Country Risk team forecasts, will reach 4% in 2011.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/127233_philippines_freight_tra...


Report Table of Contents:

SWOT Analysis
- Philippines Freight Transport SWOT
- Philippines Political SWOT
- Philippines Economic SWOT
- Philippines Business Environment SWOT
Market Overview
Industry Trends And Developments
- Maritime Freight
- Road Freight
- Intermodal And Logistics
Global Oil Products Price Outlook
- Table: Oil Product Price Assumptions, Q410-Q411 (US$/bbl)
- Table: Oil Product Price Data And Forecasts, 2008-2015 (US$/bbl)
Industry Forecast
- Macroeconomic Overview
- Air Freight
- Table: Air Freight, 2008-2015
- Maritime Freight
- Table: Maritime Freight - Throughput, 2008-2015 ('000 tonnes)
- Table: Cargo Handled, 2008-2015 ('000 tonnes)
- Trade Overview
- Table: Trade Overview, 2008-2015
- Table: Key Trade Indicators, 2008-2015 (US$mn and % change y-o-y)
- Table: The Philippines' Main Import Partners, 2002-2008 (US$mn)
- Table: The Philippines' Main Export Partners, 2002-2008 (US$mn)
Company Profiles
- ICTSI
- PAL Holdings
- Philippines National Railway (PNR)
Country Snapshot: Philippines Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2007-2012 (US$)
- Table: Average Annual Manufacturing Wages, 2004-2006
BMI Methodology
- How We Generate Our Industry Forecasts
- Transport Industry
- Sources

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.  

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.

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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.

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