New market study, "Taiwan Shipping Report Q2 2011", has been published

April 14, 2011 - PRLog -- On a global level we continue to see risks to all three core shipping sectors (container as well as dry and liquid bulk), with overcapacity and a drop in demand continually threatening to push down rates and impinge on lines' profits. As austerity measures take hold in Europe and the US continues to have high unemployment and recovers sluggishly from the downturn, shipping levels may grow considerably slower.

After declines over a number of consecutive years, Taiwanese ports are again bullish about the future. The port of Kaohsiung expects it will break its container-throughput record in 2011, handling 10mn TEUs. BMI is slightly more bearish than this, yet we forecast growth throughout the sector.

Headline Industry Data

* 2011 Port of Kaohsiung tonnage throughput growth forecast 1.92%, and to average 2.99% per annum to 2015.
 * 2011 Port of Kaohsiung container throughput growth forecast 1.47%, and to average 4.67% per annum to 2015.
 * 2011 total trade real growth forecast at 8.45% and to average 5.89% over the medium term.


Key Industry Trends

Continuing Chinese Trade Gains Provide Upside To Taiwanese Ports: A shipment of containers filled with agricultural produce has been transported from the Taiwanese port of Taichung directly to the northeastern Chinese province of Liaoning. BMI notes trade between the two countries has risen sharply in the last few years after the restoration of flights, trade and post in 2008.

Relaxation In Port Ownership Policy Highlights Growing Investment Ties: The Taiwanese government is set to permit Chinese investors to participate in build-operate-transfer (BOT) projects at Taiwan's ports. BMI believes this relaxation in regulations for Chinese companies is another sign of China and Taiwan's growing closeness in the maritime sector, which is opening up infrastructure opportunities for companies from both sides.

Recovery And Development On The Cards For Taiwanese Ports: Following growing links with China we expect Taiwanese ports will recover the trade they lost during the downturn during 2011, especially because of the effects of the Economic Cooperation Framework Agreement between the two countries. Kaohsiung is expecting a further boon as it is likely to become a delivery port of the London Metal Exchange, which would add 600,000 tonnes to the port's annual transhipment volume. Cargonews Asia reported in November 2011 that Yang Ming Marine Transport leased a plot of land at Kaohsiung in anticipation of the increased business opportunities following this development.

Key Risks To Outlook

Taiwan's ports sector seems to be banking heavily on the new thaw in relations with China. Should relations sour again, the ports' various expansions could prove to have been unnecessary. BMI believes this is unlikely considering how beneficial the renewed links have been for both parties. Nevertheless, should China's growth slow, as BMI forecasts, Taiwan could find itself over-reliant on its neighbour.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/130701_taiwan_shipping_report_...


Report Table of Contents:

SWOT Analysis
- Taiwan 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 Keelung
- Overview
- Terminals, Storage And Equipment
- Expansions And Developments
- Multi-Modal Links
- Port Of Taichung
- Overview
- Terminals, Storage And Equipment
- Expansions And Developments
- Multi-Modal Links
- Table: Taichung Terminal Overview
Industry Forecast
- Table: Major Port Data
- Table: Trade Overview
- Table: Key Trade Indicators
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)

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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.