Abstract
China' s maritime sector reported mixed results during the last quarter.
Container traffic at major
international terminals continued to fall in
May with throughput down by approximately 9.7% year on
year, according to
Port News Russia, as demand for exports remained weak. Meanwhile, a surge
in
Chinese imports of heavy raw materials such as iron ore and coal
boosted total tonnage throughput at a
number of designated import
terminals, with the government' s fiscal stimulus package reported to be a
major driver in boosting demand.
Global demand for Chinese manufactured
goods is expected to remain low in 2009, leading to reduced
box throughput
volumes at China' s container ports. Total tonnage volumes are also forecast to
remain
weak across the ports sector as a whole. BMI predicts that in 2009
tonnage throughput at the Port of
Shanghai will decline by 10.9% to
523.27mn tonnes with container volumes passing through the port
falling by
a forecast 9.98% to 25.2mn TEUs. We expect the recovery in China' s shipping
sector to begin
in 2010 with throughput at the nation' s port' s forecast to
record positive growth.
The throughput trends at China' s ports mirror the
trade situation in the country as a whole, with total trade
expected to
decline by 12.12% in 2009. BMI forecasts a recovery to begin in 2010 with
total trade
expected to increase by 11.26% over the 2010-2013 period.
As well as an in-depth analysis of China' s shipping sector, BMI' s Q309 China
Shipping Report offers a
global overview of the dry bulk, liquid bulk and
container sectors and overviews of the 11 largest
shipping lines and their
strategies over the quarter to weather the downturn in trade volumes.
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