Taiwan Shipping Report

Published 23 March 2015

  • 94 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Taiwan Shipping Report

Modest B ut Positive Port Growth

BMI believes activity levels at Taiwan's main ports will grow at a modest but positive 1.5-4.0% this year. Box traffic at Taiwan's key ports will remain the most dynamic, but will not exceed 4% growth. Broadly speaking, Kaohsiung, Taiwan's largest port, remains the most resilient, not least because it is attracting new investment. Although political risk factors are beginning to rise, the policy of cross-Strait integration is expected to continue.

We are holding to our 3.5% GDP growth forecast for Taiwan in 2015. Although the global outlook has weakened, the domestic economy looks positive, with credit growth on an uptrend and investment in infrastructure remaining positive. Export growth continued strongly in Q414, although lower than in the preceding quarter. Private consumption cooled, possibly reflecting a series of scandals regarding contaminated food. Political risk factors may have also caused something of a pause, given a landslide opposition victory in the November local elections. Notwithstanding this, we see domestic demand remaining strong this year, supported by infrastructure development and construction (including preparations for the 2017 Universiade summer games). Rising real wages and falling oil import prices will also contribute to growth. However, we see exports exposed to headwinds from mainland China's slowing GDP growth and from Taiwan's overdependence on technology-related shipments, which exposes it to downturns in the global electronics business cycle. Our medium-term outlook is for growth to average 3.9% a year in the five years to 2019.

Headline Industry Data

  • Port of Kaohsiung tonnage throughput in 2015 forecast to increase by 1.5% to 118.231mn tonnes, after forecast growth of 1.3% in 2014. Over the medium term to 2019, we project an annual average increase of 1.6%.

  • Kaohsiung's container throughput forecast to grow 3.8% to 10.697mn twenty-foot equivalent units (TEUs) in 2015, up from 3.7% growth...

Table of Contents

BMI Industry View
7
SWOT
10
Shipping
10
Political
12
Economic
13
Business Environment
14
Industry Forecast
15
Port Of Kaohsiung Throughput
15
Table: Major Ports Data (Taiwan 2011-2018)
21
Table: Trade Overview (Taiwan 2011-2018)
22
Table: Key Trade Indicators (Taiwan 2011-2018)
23
Market Overview
25
Taiwan Container Shipping Market Overview
25
Industry Trends And Developments
34
Taiwan Company Profile
38
Yang Ming Marine Transport Corporation
38
Wan Hai Lines
41
Cheng Lie Navigation Company (CNC Line)
44
Shipping - Global Industry View
47
Container Demand:
47
Container Supply:
55
Container Rates:
61
Global Company Strategy
64
Maersk Line
64
Mediterranean Shipping Company (MSC)
75
CMA CGM
81
Evergreen Line
92
COSCO Container Lines Company (COSCON)
100
Macroeconomic Forecasts
107
Economic Analysis
107
Recent Indicators Suggest Buoyant Growth
107
Waning Credit Growth Calls For Caution
108
Table: Economic Activity (Taiwan 2009-2018)
110
Demographic Forecast
111
Table: Taiwan's Population By Age Group, 1990-2020 ('000)
112
Table: Taiwan's Population By Age Group, 1990-2020 (% Of Total)
113
Table: Taiwan's Key Population Ratios, 1990-2020
114

The Taiwan Shipping Report has been researched at source and features latest-available data and BMI Research's independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Taiwan.

BMI's Taiwan Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Taiwan.

Key Benefits

  • Benchmark BMI's independent shipping industry forecasts for Taiwan to test other views - a key input for successful budgeting and strategic business planning in the Taiwanese shipping market.
  • Target business opportunities and risks in Taiwan through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering shipping, major investments and projects and significant multinational and national company developments.

SWOT Analysis

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's shipping sector, which carefully evaluates the short- and medium-term issues facing the industry.

Market Overview

Analysis of the capacity, terminals and planned development of the major ports in each country, including data on throughput and total tonnage.

Industry Forecast Scenario

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and macroeconomic indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).

Company Profiles

Company profiles include business activities, leading products and services, company strategy, trends and developments and economic performance analysis.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc