Abstract
The shipping industry entered 2009 in a state of crisis. All shipping sectors
had been hit hard, with the dry bulk sector struggling to recover from a
plunge in November 2008 that took the Baltic Dry Index to a nine-year low.
Rumours persisted that containers were being shipped for a little as US$200
and that the only thing keeping the liquid bulk sector afloat was that
tankers were being used for floating storage rather than the actual
transport of oil. It is in the climate of uncertainty that BMI has launched a
new set of reports to its portfolio the BMI Shipping Reports. BMI' s
research and analysis of the shipping sector shows that a downturn that took
hold in Q408 is persisting and looks set to get deeper in 2009. This can
be seen in our forecasts for the Indonesia shipping sector, where we have
used measurements of throughput at the country' s main port of Tanjung Priok as
an indicator of how much demand there is for shipping. In 2008, the port
of Tanjung Priok handled a total of 42mn tonnes. The ports container
throughput reached 3.98mnTEU in the same year. We predict a decline in
throughput at the port in 2009 with total cargo volumes expected to fall by
1.3%. Container volumes at the port are also expected to decline, with a
6.7% reduction in 2009 to reach just 3.76mnTEUs. BMI' s Indonesia Shipping
Report offers data from previous years of its port throughput, which has
been used along with our forecasts of the country' s imports and exports to
predict throughput trends for the next five years (2009-2012) as well as
detailed analysis to explain our assumptions behind these forecasts. The
BMI Indonesia Shipping Report offers in-depth analysis into the three main
shipping sectors of container, bulk dry and bulk liquid and detailing the
strategy that major shipping companies in these sectors have so far
implemented to protect themselves against the downturn. We also offer analysis
of other tactics that we feel operators in these sectors could use over
2009 as trade continues to contract. The report offers an overview of
country' s main ports of Tanjung Priok (Jakarta) and Palambang with
analysis of the port' s facilities, expansions and developments that are
already under way at the port or planned to increase the ports working
capabilities as well as details of multi-modal links from the port to the
rest of the country' s transport network. Finally the Indonesia Shipping
Report offers an in-depth overview of 11 of the main global shipping
companies (China Shipping, CMA CGM, COSCO, Evergreen, Hanjin, Hapag Lloyd,
Maersk, MOL, MSC, NOL, NYK.) BMI analyses the firms' vital financial
statistics, the companies' different operating sectors and their most
recent activity. On top of this, the Indonesia Shipping Report offers a
country specific overview on Maersk and CMA CGM' s shipping operations in
the country.
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