Fast Market Research

"China Shipping Report Q4 2012" Now Available at Fast Market Research

New Transportation research report from Business Monitor International is now available from Fast Market Research

 
Repost This

Boston, MA -- (SBWIRE) -- 11/28/2012 -- BMI maintains its cautious outlook for the Chinese port and shipping sector, highlighting that indicators continue to align to back our view of a slowdown in China's economic growth. There is growing evidence that the economy is close to contraction. We do not expect a recovery any time soon, as structural forces will keep growth relatively weak and highly susceptible to negative shocks. We forecast headline real GDP growth to come in at 7.5% and 7.0% in 2012 and 2013 respectively. While monthly throughput data from the country's main container shipping ports has picked up since the start of the year, the growth posted by both Shanghai and Shenzhen has been far from impressive in H112, reflecting our macro view. These monthly results support our view that a noticeable slowdown in Chinese economic growth is set to come into effect during our forecast period. Our core view on Chinese growth is that we are past the boom phase and we are entering a period of much weaker expansion. The slowdown in the construction sector will result in less demand for imports of goods such as iron ore and coal, while ports and shipping lines alike are feeling the effects of a gradual contraction in China's overseas trade volumes over our midterm forecast period. Although this moderation in growth is expected to be soft, concerns over the possibility of a sharper contraction in Chinese bilateral trade adds a degree of downside risk to our projections.

View Full Report Details and Table of Contents

Headline Industry Data

- 2012 Port of Shanghai tonnage throughput forecast to grow 5.23%. Over the mid-term we project average annual growth of 5.83%.
- 2012 Port of Shenzen container throughput forecast to grow 0.19%. Over our forecast period we project average annual growth of 1.83%.
- 2012 trade growth forecast at 2.52%, a considerable slowdown from 2011's estimated 15.98%.

Key Industry Trends

APMT Chooses Ningbo

APM Terminal's (APMT) expansion strategy sees the Danish company return to China, taking a 25% stake in three container berths at the Chinese port of Ningbo's Meishan Container Terminal.

Vale Navigates China Problem With Storage Vessel

BMI believes that the decision by Vale to introduce a second iron ore storage vessel into its fleet signals a forced revisit to the company's shipping strategy following the ruling by Chinese authorities prohibiting Valemax vessels from calling at Chinese ports.

Core China View Playing Out In Container Shipping

Four month container throughput results for 2012 paint an interesting picture of China's port sector. While the country's first-tier ports are highlighting our core view of a Chinese slowdown, with box volume growth slowing, the country's second-tier container ports are recording stellar growth,

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Transportation research reports at Fast Market Research

You may also be interested in these related reports:

- Vietnam Shipping Report Q4 2012
- Malaysia Shipping Report Q4 2012
- Nigeria Shipping Report Q4 2012
- United Arab Emirates Shipping Report Q4 2012
- Canada Shipping Report Q4 2012
- Oman Shipping Report Q4 2012
- Egypt Shipping Report Q4 2012
- Australia Shipping Report Q4 2012
- Philippines Shipping Report Q4 2012
- Iran Shipping Report Q4 2012