Taiwan Shipping Report

Published 02 June 2015

  • 106 pages
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$1,295.00
Taiwan Shipping Report

Slightly Slower Growth In 2015

With economic growth and exports easing back marginally BMI believes activity levels at Taiwan's main ports will grow at a slightly slower 1.0%-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.

Taiwan's GDP growth picked up slightly in Q115 TO 3.5% year-on-year (y-o-y), up from 3.3% in Q414. We believe the main growth driver is domestic consumption, helped by lower oil import costs, but that the economy is being held in check by an otherwise more difficult external environment. In the first quarter consumption and exports contributed to growth, with government consumption and gross fixed capital formation in negative territory. Rising receipts from tourism, which the government wants to develop to diversify its reliance on manufactured exports had a positive effect. However, our view remains that taking into account its status as Taiwan's largest trade partner (accounting for 40.0% of total exports), the continued slowdown in mainland China's economy will continue to weigh on Taiwan's manufacturing export growth. Taiwan's export performance showed a degree of weakness in the first quarter, with exports shrinking by 8.9% y-o-y in March, registering the sharpest decline in three months (versus a contraction of 6.7% in February). As a result of these factors, we have held our 2015 GDP forecast steady at 3.5% growth, but are predicting real export growth this year at 4.7%, down from 5.7% in 2014. 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 1.2% to 124.45mn tonnes, after estimated growth of 6.9%...

BMI Industry View
7
SWOT
10
Shipping
10
Political
11
Economic
12
Operational Risk
13
Industry Forecast
15
Port Of Kaohsiung Throughput
15
Table: Major Ports Data (Taiwan 2012-2019)
20
Table: Trade Overview (Taiwan 2012-2019)
21
Table: Key Trade Indicators (Taiwan 2012-2019)
22
Market Overview
24
Taiwan Container Shipping Market Overview
24
Taiwan Company Profile
33
Yang Ming Marine Transport Corporation
33
Wan Hai Lines
36
Cheng Lie Navigation Company (CNC Line)
39
Shipping - Global Industry View
41
Three Container Routes To Watch In 2015
41
Global Company Strategy
48
Maersk Line
48
Mediterranean Shipping Company (MSC)
59
CMA CGM
65
Evergreen Line
74
COSCO Container Lines Company (COSCON)
82
Excel Maritime Carriers
90
DryShips
93
Macroeconomic Forecasts
98
Economic Analysis
98
Table: Economic Activity (Taiwan 2010-2019)
101
Demographic Forecast
102
Table: Population Headline Indicators (Taiwan 1990-2025)
103
Table: Key Population Ratios (Taiwan 1990-2025)
104
Table: Urban/Rural Population & Life Expectancy (Taiwan 1990-2025)
104
Table: Population By Age Group (Taiwan 1990-2025)
104
Table: Population By Age Group % (Taiwan 1990-2025)
105

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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