Research and Markets: Taiwan Shipping Report Q3 2011 - Overall Trade Set To Grow 8.5% in Real Terms in 2011, Down From 26.9% In 2010

BMI sees a moderate to strong outlook for Taiwan's ports and shipping sector. The local economy has solid fundamentals, with growth led by private consumption and net exports. Growth is, however, expected to be constrained by some negative factors: we expect the local property market to soften, the mainland China economy to lose pace, and the after-effects of the Japanese earthquake in March to reduce demand from that important trading partner. As a result, the overall forecast for Taiwan's GDP this year stands at 4.3%, compared with the exceptional 10.8% registered in 2010.

Headline Industry Data:

• Moderate tonnage growth predicted this year for the port of Kaohsiung: +1.9% to 127.4mn tonnes. Box traffic at the same port will perform more vigorously at +7.0% to 9.825mn 20-foot equivalent units (TEUs).
• Similar pattern at smaller port of Keelung. Volume: +1.5% to 78.95mn tonnes. Box traffic: +14.1% to 2.013mn TEUs.

Companies Mentioned:

• Wan Hai Lines
• Yang Ming Marine Transport Corporation
• Cheng Lie Navigation Company (CNC Lines)
• Maersk Line
• Mediterranean Shipping Company (MSC)
• CMA CGM
• Hapag-Lloyd
• Evergreen Line
• APL
• CSAV
• COSCO Container Lines Company Limited (COSCON)
• Hanjin Shipping (Container Operations)
• China Shipping (CSCL)

For more information on this report please click on link below:

For more information visit http://www.researchandmarkets.com/research/401a56/taiwan_shipping_re

Contacts

Research and Markets
Laura Wood, Senior Manager,
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Fax (outside U.S.): +353-1-481-1716

Source: Research and Markets

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