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Taiwan Shipping Report Q2 2015


Attention: There is an updated edition available for this report.

BMI Industry View
SWOT
Shipping
Political
Economic
Operational Risk
Industry Forecast
Port Of Kaohsiung Throughput
Table: Taiwan Major Ports Data (2012-2019)
Table: Taiwan Trade Overview (2012-2019)
Table: Taiwan Key Trade Indicators (2012-2019)
Market Overview
Taiwan Container Shipping Market Overview
Taiwan Company Profile
Yang Ming Marine Transport Corporation
Wan Hai Lines
Cheng Lie Navigation Company (CNC Line)
Shipping - Global Industry View
Container Lines To Prosper In 2015
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 (Taiwan 2010-2019)
Demographic Forecast
Table: Population Headline Indicators (Taiwan 1990-2025)
Table: Key Population Ratios (Taiwan 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Taiwan 1990-2025)
Table: Population By Age Group (Taiwan 1990-2025)
Table: Population By Age Group % (Taiwan 1990-2025)

Modest But Positive Port Growth

BMI believes activity levels at Taiwan's main ports will grow at a modest but positive 1.5-4.0% this year.

Box traffic at Taiwan's key ports will remain the most dynamic, but will not exceed 4% growth. Broadlyspeaking, Kaohsiung, Taiwan's largest port, remains the most resilient, not least because it is attracting newinvestment. Although political risk factors are beginning to rise, the policy of cross-Strait integration isexpected to continue.

We are holding to our 3.5% GDP growth forecast for Taiwan in 2015. Although the global outlook hasweakened, the domestic economy looks positive, with credit growth on an uptrend and investment ininfrastructure remaining positive. Export growth continued strongly in Q414, although lower than in thepreceding quarter. Private consumption cooled, possibly reflecting a series of scandals regardingcontaminated food. Political risk factors may have also caused something of a pause, given a landslideopposition victory in the November local elections. Notwithstanding this, we see domestic demandremaining strong this year, supported by infrastructure development and construction (includingpreparations for the 2017 Universiade summer games). Rising real wages and falling oil import prices willalso contribute to growth. However, we see exports exposed to headwinds from mainland China's slowingGDP growth and from Taiwan's overdependence on technology-related shipments, which exposes it todownturns in the global electronics business cycle. Our medium-term outlook is for growth to average 3.9%a year in the five years to 2019.


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