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Philippines Shipping Report Q3 2009Published by: Business Monitor International Published: Jul. 10, 2009 - 84 Pages Table of Contents
AbstractInternational Container Terminal Services, Inc. (ICTSI), which operates the Philippines' largestcontainer terminal, the Manila International Container Terminal (MICT), has recently disclosed its Q109results. According to the document, the total volume of containers handled by MICT for the first quarter,which ended March 31, amounted to 305,166 TEUs, representing 15% fall on the same period of 2008,when it handled 360,636 TEUs.In 2009, we expect total throughput of the MICT to decrease to 15.1mn tonnes, or 12.57% less than in2008, when the port handled 17.3mn tonnes of cargo. We anticipate the recovery of throughput volumesto start in 2010. In the mid-term (2011-2013) we expect the handling to increase by 6.38% on average ayear, with the 2008 figure to be exceeded in 2012. According to our forecasts, in 2013 port's throughputwill amount to 18.5mn tonnes. Container handling, according to our estimates, will fall by 14.67% to 1.278mn TEUs in 2009. The slowrecovery will start in 2010, and only in 2013 the port will surpass its 2008 handling figure of 1.498mnTEUs. In the mid-term, between 2011 and 2013, the port will demonstrate growth of 6.61% per year onaverage. In 2013, we expect the port to handle more than 1.578mn TEUs. Total cargo handling at the Port of Cebu, the second largest in the Philippines by container throughput, isexpected to decrease to 11.1mn tonnes in 2009, representing 3.27% fall on 2008. We anticipate therecovery of throughput volumes to start in 2010. In the mid-term (2011-2013) we expect handling toincrease by 6.67% on average, with the 2008 figure to be exceeded in 2011. According to our forecasts, in2013 the port's throughput will amount to 13.7mn tonnes. The handling of containers, according to our estimates, will fall by 1.22% to 474,026 TEUs in 2009. Therecovery will start in 2010, and in 2011 the port will surpass its 2008 handling figure. In the mid-term,between 2011 and 2013, the growth will continue by 2.58% per year on average. In 2013, we expect theport to handle 515,268 TEUs. As well as an in-depth analysis of the Philippines' shipping sector, BMI's Q309 Philippines ShippingReport offers a global overview of the dry bulk, liquid bulk and container sectors and overviews of the 11largest shipping lines and their strategies over the quarter to weather the downturn in trade volumes. Get Full Details About This Report >> |
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