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South Korea Shipping Report Q1 2016

South Korea Shipping Report Q1 2016

BMI View: Our forecasts for South Korea's two main ports anticipate positive growth in 2016, althoughthese figures will post a slight drop on our estimated figures for 2015. Box growth at the Port of Incheonwill be the annual outperformer, at 9.7% growth, although over our medium-term forecast period to 2019the highest port growth will be seen in box throughput at the Port of Busan. With the Chinese economicslowdown mostly abating, and growing real GDP and GDP per capita growth, we see a goodmacroeconomic foundation on which the shipping industry can reap dividends over the next couple ofyears.

Growth at South Korea's two major ports, the Port of Busan and the Port of Incheon, will post slightly lowerfigures in 2016 than those we estimate for the country in 2015. The exception to this will be box throughputat the Port of Busan, which will reach 5.6% growth in 2016 (up very marginally from 5.5% in 2015).

Expansion at the Port of Busan, with a goal to process 13mn TEUs by 2020, will help establish South Koreaas a regional TEU hub in the face of stiff competition from other East Asian neighbours.


BMI Industry View
SWOT
Shipping
Political
Economic
Operational Risk
Industry Forecast
Port Of Busan Throughput
Port Of Incheon Throughput
Table: Major Ports Data (South Korea 2012-2019)
Table: Trade Overview (South Korea 2012-2019)
Table: Key Trade Indicators (South Korea 2012-2019)
Table: South Korea's Main Import Partners, 2006-2013 (USDmn)
Table: South Korea's Main Export Partners, 2006-2013 (USDmn)
Market Overview
South Korea Container Shipping Overview
Company Profile
Hanjin Shipping
Hyundai Merchant Marine (HMM)
Pan Ocean
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
South Korea - Growth To Pick Up Slightly in H215
Table: Economic Activity (South Korea 2010-2019)
Demographic Forecast
Table: Population Headline Indicators (South Korea 1990-2025)
Table: Key Population Ratios (South Korea 1990-2025)
Table: Urban/Rural Population & Life Expectancy (South Korea 1990-2025)
Table: Population By Age Group (South Korea 1990-2025)
Table: Population By Age Group % (South Korea 1990-2025)

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