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New Market Research Report: Philippines Shipping Report Q4 2011

Fast Market Research recommends "Philippines Shipping Report Q4 2011" from Business Monitor International, now available

 
PRLog - Sep. 11, 2011 - We are predicting a good year for the Philippines' ports and shipping industry. The general economic  environment for the sector will be supportive, with growth led by investment and private consumption,  despite some fallout from the crisis in the Middle East (such as higher oil prices) and the earthquake in  Japan, an important trade and investment partner for the Philippines. The new government of Benigno  Aquino is continuing to do well in the opinion polls, and its attempts to reduce corruption and promote  private sector investment will be good for ports and shipping.  As far as factors more specific to the industry are concerned, the strong performance of intra-Asian trade  is a positive, although total trade growth is now looking a little subdued. A key issue will be the progress  of plans to expand port capacity: the key here is the extent to which private sector operators begin to  invest in new projects.    Headline Industry Data  * The real value of the Philippines' total trade will rise by 4.0% this year, with exports totalling  US$82.61bn, ahead of imports of US$76.07bn.  * In terms of gross tonnage, the Port of Cebu will experience growth of 8.7% to 26.512mn tonnes  in 2011, while Manila International Container Terminal (MICT) will see lower growth of 2.5%  to 18.699mn tonnes.  * MICT will remain the largest box-handling facility in the country, registering 2.7% growth to  1.654mn 20-foot equivalent units (TEUs). Cebu will experience stronger growth from a lower  base: 4.7% to 367,667TEUs.    Key Industry Trends  2010 Port Data Reflects Intra-Asian Trade Growth: According to the Philippines Port Authority (PPA),  data for the country's ports last year show volume grew by 9.6% to 165.11mn tonnes on the back of a  general trade recovery and strong intra-Asian flows. Growth was strongest at Manila, Surigao and Limay.  Overall container handling was up by 11.5% to 4.47mn TEUs.  Developments Planned At Manila: The PPA said it was planning a feasibility study for a new bulk cargo  handling facility at Manila's South Harbour. The aim will be to call for private sector participation in the  new bulk terminal, needed among other things to handle rice and wheat imports. Separately there were  reports of plans for a new bunkering and logistics facility at Manila North Harbour Point (MNHPI).    Good Year for ICTSI: International Container Terminal Services Inc., the Philippines-based ports  operator, registered a 25% year-on-year (y-o-y) growth in its port operations revenue to US$527.1mn in  2010. The company also recorded a 79% y-o-y hike in net income attributable to equity holders to  US$98.3mn in 2010.    Key Risks To Outlook    The main risks to our Philippines ports and shipping projection is that the combined MENA and Japan  crisis, which at the moment has prompted us to reduce this year's GDP forecast by a fraction of a  percentage point, will last longer and become more serious than expected. The most likely scenario would  be one in which continuing MENA unrest triggers a higher and more sustained oil price rise, while  Japanese investment flows into the Philippines turn downwards, also more severely than anticipated. We  would therefore see slower GDP growth and the possibility of a serious squeeze on shipping and port  operators' profitability.
About Business Monitor International

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Full Report Details at
- http://www.fastmr.com/prod/217222_philippines_shipping_re...
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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/catalog/publishers.aspx?pubid=1010

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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Phone:1.800.844.8156
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Location:Massachusetts - United States
Industry:Transportation, Automotive, Shipping
Tags:port, shipping, manila, investment, intra-asian, facility, terminal, container, operators, flows
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