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Japan Shipping Report Q3 2009Published by: Business Monitor International Published: Jul. 10, 2009 - 88 Pages Table of Contents
AbstractJapan continued to suffer the full effects of the global economic downturn in the last quarter with itsmaritime sector bearing the brunt of the decline in the country's trade volumes. Japan's major containerlines continue to be severely affected as external demand for manufactured goods remains weak.Kawasaki Kisen Kaisha Ltd. (K-Line) was among several carriers in Q2 to reveal plans to reduce itsbox fleet with company president, Hiroyuki Maekawa, describing the situation as 'extremely challenging'.The effect on domestic shipbuilders has been no less severe, with newbuild orders placed with Japaneseyards falling for a seventh consecutive month in April and down 74% year-on-year (y-o-y). BMI expects little improvement in current conditions over the year as a whole, and in 2009 we predictthat tonnage throughput at the Port of Nagoya will decline by 20.09% to 174.5mn tonnes with containervolumes passing through the port falling by a forecast 25.5% to 2.165mn TEUs. We expect the recoveryin Japan's shipping sector to begin in 2010 with throughput at the nation's ports forecast to record positivegrowth. Throughput trends at Japan's ports mirror the trade situation in the country as a whole, with total tradeforecast to suffer a severe contraction of 23.8% in 2009. BMI forecasts a gradual recovery to begin in2010 with total trade expected to increase by 4.22% over the 2010-2013 period. As well as an in-depth analysis of Japan's shipping sector, BMI's Q309 Japan Shipping Report offers aglobal overview of the dry bulk, liquid bulk and container sectors and overviews of the 11 largestshipping lines and their strategies over the quarter to weather the downturn in trade volumes. . Get Full Details About This Report >> |
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