Japan Shipping Report Q3 2012 - New Market Report Now Available

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

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Boston, MA -- (SBWire) -- 08/02/2012 --The Port of Nagoya, Japan's largest in terms of tonnage, is set to continue recovering its pre-downturn total throughput volumes in 2012, while we expect most of country's port developments to be focused on reconstruction efforts.

Japan's largest container facility in terms of throughput, the Port of Tokyo, is expected to further increase box volumes, after it staged prompt and full recovery of its 2008 container handling levels. Over the medium term we project further growth at the country's ports, with Nagoya completing full recovery of its pre-downturn total tonnage.

Headline Industry Data

- 2012 port of Nagoya tonnage throughput forecast to grow 4%, over the medium term we project a 26% increase. - 2012 port of Tokyo container throughput forecast to grow 4%, over the medium term we project a 21% increase. - 2012 total trade growth forecast at 5.5%.

Key Industry Trends

Protectionism In Asia Dry Bulk

BMI believes that the protectionism that we have started to witness in the Asian shipping sector will have reached a new level if the South Korean government decides to implement a ban on the import of coal and other commodities used for energy production by Japanese ships. We highlight a growing trend of shipowners successfully lobbying their governments to protect them from outside competition. If South Korea moves forward with the ban South Korean firms will benefit, specifically Hanjin Shipping, as the company will face less competition. On the other hand, Nippon Yusen Kaisha (NYK) and Mitsui OSK will suffer from the decision as they will be locked out of Korea's massive coal import market.

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No Expansion On Asia-Europe

Both NYK and Mitsui OSK, as part of the G6 Alliance, will not increase their container services on the Asia-North Europe route. The alliance has decided to keep the current 6-loop structure of its Asia-Europe service in a bid not to add any spare capacity in the already- tough market conditions.

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You may also be interested in these related reports:

- South Korea Shipping Report Q3 2012
- Hong Kong Shipping Report Q3 2012
- Philippines Shipping Report Q3 2012
- Vietnam Shipping Report Q3 2012
- China Shipping Report Q3 2012
- United States Shipping Report Q3 2012
- Indonesia Shipping Report Q3 2012
- Pakistan Shipping Report Q3 2012
- Egypt Shipping Report Q3 2012
- Iran Shipping Report Q3 2012

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