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Follow on Google News | Market Report, "Hong Kong Shipping Report Q2 2011", publishedRecently published research from Business Monitor International, "Hong Kong Shipping Report Q2 2011", is now available at Fast Market Research
Headline Industry Data ?? 2011 port of Hong Kong tonnage throughput forecast to grow 4% following projected growth of 10% in 2010. ?? 2011 port of Hong Kong TEU throughput forecast to grow 7.4% following projected growth of +11.8% in 2010. ?? 2011 trade growth forecast at +4.95%. Key Industry Trends Container lines go for broke in search of intra-Asia growth: Following several weeks of speculation, news broke in January 2011 that Orient Overseas Container Line (OOCL) had placed an order for two 8,888 20-foot equivalent unit (TEU) vessels. The move follows a statement from Stephan Sui-Kow, OOCL's director of corporate planning, earlier in December 2010 that the line was 'looking at 8,000TEU [vessels] and up to 13,000TEU'. The size of the vessels ordered highlights the line's continued focus on transpacific and intra-Asia services, which typically utilise mid-sized vessels. Expansion trend also seen among terminal operators: Hutchison Port Holdings (HPH), the terminalsoperating arm of Hong Kong-based company Hutchison Whampoa, has announced plans to list its interests in southern China and Hong Kong in Singapore, a strategy that will reportedly enable the newly formed company to expand its container-ports- Port of Hong Kong battles to retain regional market share: A coalition of maritime industry groups including Hong Kong shipowners claims that Hong Kong's status as a shipping hub is being eroded by the recent growth of neighbouring centres such as Shanghai and Singapore. A spokesperson for the alliance said: 'If the situation does not change, the development of Hong Kong's maritime industry, as well as its economic development and prosperity, will be hampered'. The Hong Kong government has already taken steps to stimulate shipping growth at the port, having recently introduced measures to reduce a series of maritime-related fees at the port by a combined US$5.9mn a year. Key Risks To Outlook With the fortunes of Hong Kong's shipping sector inexorably linked to those of the Chinese economy, BMI sees risks to our forecasts to the upside as well as the downside in 2011. BMI has recently upgraded its forecasts for Chinese GDP growth in 2011 from 7.5% to 8.3%, and further revisions may occur should Beijing choose to renege on plans to cut money supply, thereby sparking a further import boom. Alternatively, there is a risk that the slowing in China's exports will be greater than expected, which will again have an impact on transhipment hubs such as Hong Kong. At present BMI forecasts Chinese exports to grow by 4.5% in 2011 in real terms. However, a further slowdown in the economies of the eurozone or the US may lead to a further slowing in trade, and hence a reduction in shipping volumes. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: SWOT Analysis - Hong Kong Shipping SWOT Global Overview - Container Industry Overview - Table: Floating Back To The Yards - New Orders - Dry Bulk Shipping Overview - Table: Expansion Ahoy - Tata NYK Shipping Fleet Overview - Table: Chief Importers Primary Destinations for Gladstone's Coal Exports - Liquid Bulk Shipping Overview Industry Trends and Developments Market Overview - Port Of Hong Kong - Overview - Terminals, Storage And Equipment - Expansions And Developments - Multi-Modal Links Industry Forecast - Table: Major Port Data, 2008-2015 - Table: Trade Overview, 2008-2015 - Table: Key Trade Indicators, 2008-2015 - Table: Main Import Partners, 2002-2008 - Table: Main Export Partners, 2002-2008 Company Profiles - A.P. MOLLER-MAERSK - Mediterranean Shipping Company (MSC) - CMA CGM - Evergreen Line - Hapag-Lloyd - Neptune Orient Lines (& APL) - CSAV Shipping - China Ocean Shipping (Group) Company - Hanjin Shipping - China Shipping (CSCL) - 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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