BMI View: We expect healthy growth across Thailand's maritime shipping sector in 2015. While challengesfrom the volatile political situation - following the establishment of a military government in May 2014 -persist, the government has introduced a range of measures which should help boost the economy andreassure investors. Externally, the market for Thai exports is looking stronger, and continued investmentinto the maritime facilities will see growth continue over the longer term.
Headline Industry Data
Gross tonnage at Laem Chabang, the country's largest port, is set to rise by 6.1% to 76.61mn tonnes in2015, and will average growth of 6.5% a year over our medium-term forecast period to 2019.
Box handling at the same port will rise 7.5% to 7.08mn twenty-foot equivalent units (TEUs) in 2015, andwill grow by an average of 6.4% over the medium term.
At the port of Bangkok, BMI projects that tonnage will grow by 6.4% in 2015, to 22.82mn tonnes, withcontainer handling set to grow by 6.1%, to 1.63mn TEUs.
We expect the real value of foreign trade to grow by 0.1% in 2015.
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