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Philippines Shipping Report Q1 2016

BMI Industry View
SWOT
Shipping
Political
Economic
Operational Risk
Industry Forecast
Manila International Container Terminal Throughput
Port Of Cebu Throughput
Table: Major Ports Data (Philippines 2012-2019)
Table: Trade Overview (Philippines 2012-2019)
Table: Key Trade Indicators (Philippines 2012-2019)
Table: Top Import Destinations, 2006-2013 (USDmn)
Table: Top Export Destinations, 2004-2012 (USDmn)
Market Overview
Philippines Container Shipping Market Overview
Company Profile
International Container Terminal Services, Inc (ICTSI)
MCC Transport
Shipping - Global Industry View
Bright Spot For Shipping: Low Bunker Prices
Table: BMI Bunker Fuel (IFO180 & MGO) Price Forecast
Short-Term Outlook (three-to-six months)
Long-Term Outlook
Risks To Outlook
Global Company Strategy
Maersk Line
Mediterranean Shipping Company (MSC)
CMA CGM
Evergreen Line
COSCO Container Lines Company (COSCON)
Macroeconomic Forecasts
Economic Analysis
Table: Economic Activity (Philippines 2010-2019)
Demographic Forecast
Table: Population Headline Indicators (Philippines 1990-2025)
Table: Key Population Ratios (Philippines 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Philippines 1990-2025)
Table: Population By Age Group (Philippines 1990-2025)
Table: Population By Age Group % (Philippines 1990-2025)

Philippines Shipping Report Q1 2016

BMI View: We anticipate 2016 to be a good year for the Philippines' port sector, with growth to furtherbuild up from positive 2015 figures. Economic development and regional trade expansion are increasingtrade volumes. Meanwhile, infrastructure investment has temporarily resolved congestion issues andplanned projects will provide further accommodation for rising throughput over the medium term. Alsocontributing to our positive outlook, the Cabotage Act signed in 2015 lowers entry barriers for foreignshipowners, boosting shipping activity in the country.

Over 2016-2019 BMI forecasts an average of 5.5% real growth in total trade supported, with steady growthexpected at the Port of Cebu and Manila International Container Terminal (MICT) respectively, thecountry's two largest ports. We project population growth to average at 1.5% and real GDP growth 5.9% forthe same period, supporting our view for steady growth in trade volumes. Relatively low unemployment(6.3% in 2015) and a large active population (63.5% in 2015) are supporting consumer demand and, in turn,imports.


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