Business Monitor International


Taiwan Shipping Report

Published 31 December 2014

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

BMI View: In 2015 we expect cargo volumes handled across Taiwan's main ports to grow at a slightly faster pace than in 2014. Tonnage growth will remain low in percentage terms, however. 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. The policy of cross-strait integration is expected to continue.

BMI's growth predictions for Taiwan are slightly below consensus in 2015. We have cut our GDP projection to growth of 3.5% (down from 4.1% previously) reflecting the impact of weak global demand and falling domestic house prices. The latter will hold back the growth of domestic consumption. Recent food scandals, including the discovery that lard-based oil made from recycled kitchen and slaughterhouse waste was being incorporated into food products, will also have had a negative effect on consumer confidence and food exports. Exports, while remaining key to Taiwan's growth dynamics, will be influenced by the slowdown in the mainland Chinese economy, which accounts for approximately 40% of Taiwan's total overseas shipments. BMI also notes the local economy's resilience and positive signs, including strength in investment. 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 in 2014. Over the medium term we project an annual average 3.8% increase.

  • The port of Keelung will see small growth of tonnage in 2015, up 1.1% to 70.583mn tonnes, after a standstill year in 2014 (+0.6%). Container traffic...

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 Business Monitor International (BMI)'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