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Follow on Google News | New Market Research Report: Indonesia Shipping Report Q4 2010New Transportation research report from Business Monitor International is now available from Fast Market Research
The breakwater and dredging project is the first step in a number of upgrades planned at Tanjung Priok, and will enable the port to cater for larger vessels, which is vital if it is to develop its role in the global shipping sector. The project will see the port's facilities widened to 300 metres (m), so that it can cater for vessels of 50,000 deadweight tonnes (DWT), and deepened from 12m to 14m. The dredging and breakwater project is just the beginning of what BMI believes is a concerted effort by the Indonesian port authority Pelebuhan Indonesia II (Pelindo II) to address the factors that see Tanjung Priok rank lower than its peers. The development of the port Tanjung Priok, with four new terminals planned, the first of which is due for completion in 2013, offers upside risk to our container throughput projection. Indonesia's political and economic environment remains relatively supportive for the ports and shipping sector. To take the negatives first, it has to be said that the business environment in the country continues to be very poor, with corruption, bureaucracy and inadequate infrastructure remaining as long-standing problems. Against this, however there is quite a lot to be optimistic about. The administration of President Susilo Bambang Yudhoyono, due to remain in office until 2014, has brought a degree of economic reform and political stability; prospects for democratic continuity are good. Most importantly the country faces a period of strong economic growth (BMI estimates 5.2% GDP expansion in 2010, accelerating on the longer term towards 7% per annum). And in the sector-specific area, good prospects for commodity exports and import demand require development of Indonesia's ports, while the newly introduced Maritime Law requires an expansion of local shipping services. This year we estimate total tonnage at Tanjung Priok port to increase by 5.8% to reach 37.39mn tonnes, after the sharp recession of 2009, when volume slumped by 15.9%. At the smaller Port of Palembang in Sumatra, where tonnage slumped by almost half in 2009, we see a modest 4.3% gain this year to 6.11mn tonnes. Container throughput is usually somewhat more volatile than general tonnage. In 2009 container volume at Tanjung Priok fell by over a fifth - 22.9% - and this year it will experience a partial recovery, growing by 7.1% to 3.290mn 20-foot equivalent units (TEUs). We believe expanding domestic consumption will be an important driver for containerised imports. At Palembang this year's box growth will hit 6.5%, taking volume to 89,859TEUs, a very small fraction of Tanjung Priok. Following a drop in trade of 9.67% in 2010, we see trade growing in real terms by an average of 8.9% every year for the following five years, well ahead of GDP. This in part reflects where Indonesia is located: part of emerging Asia that will be one of the world's most vigorous economic sub-regions over the next few years. The main downside risk to our Indonesian port and shipping forecasts is a sharper-than- For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: Executive Summary SWOT Analysis - Indonesia Shipping SWOT Global Overview - Container Overview - Dry Bulk Overview - Liquid Bulk Overview Industry Trends And Developments Market Overview - Port of Jakarta (Tanjung Priok) - Overview - Terminals, Storage And Equipment - Expansions And Developments - Multi-Modal Links - Port of Palembang - 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 - 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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