Business Monitor International


Taiwan Shipping Report

Published 02 April 2014

  • 117 pages
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$1,295.00
Taiwan Shipping Report

BMI GDP Forecast For Taiwan Edged Up To 3.1% in 2014

The Taiwan economy put on a show of strength in the last quarter of 2013, lifting the full year GDP expansion rate to 2.2%, just above our 2.1% forecast. While we think the momentum is continuing into the first quarter of 2014, our forecast for this year as a whole has been edged up only fractionally to 3.1% (from 3.0% previously). This is because despite some short term positives - such as good manufacturing and export orders, particularly in the semi-conductor sector - we also see downside factors at work. These include an expected slowdown in China, a lull in the tech cycle, and corrective pressures in Taiwan's real estate market, which could lead to a downturn holding back private consumption and the construction sector. In addition, we believe that the global transition to mobile computing is going to pose some adaptation problems for Taiwan's struggling PC makers. Taking into account these factors, our forecast is for 3.1% GDP growth in 2014, rising to 4.1% in 2015. Trend growth over the medium term to 2018 will be 3.9% per annum.

The limited recovery in GDP and trade in 2014 will help to pull activity levels in the country's main ports back into positive territory. This is in contrast to 2013 when we estimate that throughput in some ports (such as Taichung and Kaohsiung) actually contracted. Growth in 2014 will, however, remain very low in percentage terms. Broadly speaking, Kaohsiung - Taiwan's largest port - remains the most resilient, not least because it is attracting new investment. On the plus side, the policy of cross-straits integration is expected to continue as Taiwan's ports and shipping lines position themselves to work through a series of alliances and partnerships with mainland companies over the next few years.

Headline Industry Data

  • 2014 Port of Kaohsiung tonnage throughput forecast to increase by 1.5% to 117.42mn tonnes, after a 4.2 estimated contraction in 2013. Over the...

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 Port Data, 2011-2018
21
Table: Trade Overview, 2011-2018
23
Table: Key Trade Indicators, 2011-2018
23
Market Overview
25
Taiwan Container Shipping Market Overview
25
Industry Trends And Developments
35
Taiwan Company Profile
39
Yang Ming Marine Transport Corporation
39
Wan Hai Lines
42
Cheng Lie Navigation Company (CNC Line)
45
Shipping - Global Industry View
48
Container Demand: Growth Outlook To Bolster 2014 Box Volumes
48
Container Supply: Overcapacity To Remain An Issue In 2014
58
Container Rates: Volatile As Demand Ticks Up, But Oversupply Remains
67
Table: Shipping Lines' Agents Offices Raided In Russia
73
Global Company Strategy
75
Maersk Line
75
Mediterranean Shipping Company
85
CMA CGM
91
Evergreen Line
100
COSCO Container Lines Company
108
Macroeconomic Forecasts
114
Table: Taiwan - Economic Activity
116
Demographic Forecast
117
Demographic Outlook
117
Table: Taiwan's Population By Age Group, 1990-2020 ('000)
118
Table: Taiwan's Population By Age Group, 1990-2020 (% Of Total)
119
Table: Taiwan's Key Population Ratios, 1990-2020
120

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