ReportLinker
Find Industry reports, Company profiles and Market Statistics
>> Get this Report Now by email!
Vietnam Shipping Report Q4 2011 Published on August 2011
Report Summary BMI View The Vietnamese shipping sector is in good shape heading into the final quarter of 2011. We maintain our forecast of healthy growth, although the huge increases seen in 2010 will be replaced by more modest rises in 2011. Box traffic is forecast to rise quicker at the port of Da Nang this year and tonnage throughput will increase quicker at Saigon New Port. As far as the economy is concerned, the State Bank of Vietnam (SBV) announced its decision to cut its reverse repurchase rate by 100 basis points from 15% to 14% on July 4. We believe that the rate cut was in response to a liquidity crunch in the banking system rather than a precursor for monetary easing. We do not expect the SBV to cut its benchmark policy rate (refinance rate) until we see headline CPI trending lower. Accordingly, we are sticking to our view that monetary easing will come in 2012. Headline Industry Data The real value of total trade will grow by 11.3% this year, with exports gaining 11.0%, behind import growth of 11.6%. - Total volumes handled at Saigon New Port (SNP, also known as Port of Ho Chi Minh City) will rise by 7.5% to 33.45mn tonnes in 2011, - Total volumes at the Port of Da Nang (PDN) will increase by 2.8% to 3.39mn tonnes. - Box traffic at SNP is projected to rise by 4.4% to 2.97mn 20-foot equivalent units (TEUs), while at PDN there will be a 7.1% gain to 95,520TEUs. Key Industry Trends Vietnam Needs To Dig Deeper To Accommodate Mega-Vessels - Vietnam's ports require considerable investment if they are to handle a projected trade increase, BMI feels. Despite recent large-scale foreign investment in the sector, further spending on port modernisation is needed if Vietnam is to take full advantage of increasing trade. A particularly pressing issue, in the age of increasingly large container vessels, is port depth. Van Phong Port Suspension Highlights Weakness In Business Environment - Construction work at the US$3.6bn Van Phong International Port has been suspended as of June 2011, with no resumption date mooted for the Khanh Hoa facility. Lack Of Access Inhibits Ports' Success - Tran Quang, the director of Ho Chi Minh's transport department has warned that seaports in Ho Chi Minh City's outskirts are not being utilised to their optimum capabilities, due to a lack of decent access roads. Key Risks to Outlook General cargo and container capacity has been increasing to meet rapidly rising foreign trade levels. While we expect foreign trade to continue growing, because of the lead times on new port investment, any larger than expected slowdown in trade growth could tip over quite quickly into port overcapacity, with an adverse effect on rates and profitability. In terms of downside risk, Vietnam's real GDP growth figure came in slightly better than expected at 5.7% y-o-y in Q211. However, leading indicators suggest that economic activity should continue to moderate, and we see this as a positive sign that government efforts to iron out the country's macroeconomic imbalances remain on track. Going forward, prevailing economic headwinds in the US and eurozone should continue to act as a dampener on external demand. This in turn suggests that production activity in the manufacturing sector and other export-based industries should remain depressed in H211. On the upside, the Vietnamese government recognises the need to cater for bigger vessels and as a result, the country's ministry of transport and its Maritime Administration is to focus on developing deep water ports.
Vietnam Shipping Report Q4 2011 (From Issuu)
Page 1/5
Find Industry reports, Company profiles and Market Statistics
ReportLinker
>> Get this Report Now by email!
Table of Content Executive Summary
... 5
BMI View
... 5
Headline Industry Data
... 5
Key Industry Trends
.5
Key Risks to Outlook
6
SWOT Analysis
.... 7
Vietnam Shipping SWOT
.7
Vietnam Political SWOT
.8
Vietnam Economic SWOT
...... 9
Global Overview
10
Container Shipping: Overcapacity Threat to Haunt in the Mid Term, Asia-Europe Most Exposed Drivers Bellwethers Rates Capacity
..... 12 . 15 ... 18
Title: Newbuilds Due Online In The Mid Term
20
Dry-Bulk: No Recovery on the Horizon for Dry Bulk As Overcapacity Cloud Hangs Low Drivers Capacity Rates
Capacity Rates
... 24 . 27 30
..... 30 ... 35 . 38
Industry Trends and Developments
.... 41
Vietnam Needs To Dig Deeper To Accommodate Mega-Vessels Market Overview
.... 45
Overview
.. 45
Shipping
... 45 ...... 45
Terminals, Storage and Equipment Port Of Da Nang
.... 46
.... 48
Overview
.. 48
Shipping
... 48
Congestion
...... 48
Terminals, Storage and Equipment Industry Forecast
.. 41
45
Saigon New Port
Congestion
... 22
..... 22
Liquid Bulk Shipping: At the Start of a Brutal Down Cycle Drivers
...... 10
..... 10
.... 48
..... 50
Macro: Slightly Slower Growth For 2011
. 50
Total Tonnage: Saigon New Port to See Strong Volume Growth Container Throughput: Da Nang Leads the Way Trade: Forecast Remains 11.3% Growth in Real Terms Table: Major Port Data
51
Table: Trade Overview
. 52
Vietnam Shipping Report Q4 2011 (From Issuu)
.. 50
.... 50 50
Page 2/5
Find Industry reports, Company profiles and Market Statistics
ReportLinker
>> Get this Report Now by email! Table: Key Trade Indicators
52
Table: Main Import Partners
...... 53
Table: Main Export Partners
...... 54
Company Profiles
..... 55
Vietnam National Shipping Lines (Vinalines)
.. 55
Vietnam Petroleum Transport Company (VIPCO) Maersk Line
.. 57
.... 58
Mediterranean Shipping Company (MSC)
64
COSCO Container Lines Company Limited (COSCON)
67
COSCO Container Lines Company Limited (COSCON)
70
Hapag-Lloyd
... 73
Evergreen Line APL CSAV
...... 76 ... 79 83
Hanjin Shipping (Container Operations)
.. 87
China Shipping Container Line (CSCL)
... 91
Vietnam Shipping Report Q4 2011 (From Issuu)
Page 3/5
Find Industry reports, Company profiles and Market Statistics
ReportLinker
>> Get this Report Now by email! Fax Order Form To place an order via fax simply print this form, fill in the information below and fax the completed form to: ƒ ƒ
Europe, Middle East and Africa : + 33 4 37 37 15 56 Asia, Oceania and America : + 1 (805) 617 17 93
If you have any questions please visit http://www.reportlinker.com/notify/contact
Order Information Please verify that the product information is correct and select the format(s) you require. Vietnam Shipping Report Q4 2011
Product Formats Please select the product formats and the quantity you require. 1 User License--USD 530.00
Quantity: _____
3 User License--USD 689.00
Quantity: _____
5 User License--USD 795.00
Quantity: _____
Annual Subscription--USD 975.00
Quantity: _____
Department License--USD 1 060.00
Quantity: _____
Corporate License--USD 3 180.00
Quantity: _____
Contact Information Please enter all the information below in BLOCK CAPITALS
Title:
Mr
Mrs
Dr
Miss
Ms
Prof
First Name:
_____________________________ Last Name: __________________________________
Email Address:
__________________________________________________________________________
Job Title:
__________________________________________________________________________
Organization:
__________________________________________________________________________
Address:
__________________________________________________________________________
City:
__________________________________________________________________________
Postal / Zip Code:
__________________________________________________________________________
Country:
__________________________________________________________________________
Phone Number:
__________________________________________________________________________
Fax Number:
__________________________________________________________________________
Vietnam Shipping Report Q4 2011 (From Issuu)
Page 4/5
Find Industry reports, Company profiles and Market Statistics
ReportLinker
>> Get this Report Now by email! Payment Information Please indicate the payment method, you would like to use by selecting the appropriate box.
Payment by credit card
Card Number: ______________________________________________
Expiry Date
__________ / _________
CVV Number _____________________
Card Type (ex: Visa, Amex…) _________________________________
Payment by wire transfer
Crédit Mutuel RIB : 10278 07314 00020257701 89 BIC : CMCIFR2A IBAN : FR76 1027 8073 1400 0202 5770 189
Payment by check
UBIQUICK SAS 16 rue Grenette – 69002 LYON, FRANCE
Customer signature:
Please note that by ordering from Reportlinker you are agreeing to our Terms and Conditions at http://www.reportlinker.com/index/terms
Please fax this form to: Europe, Middle East and Africa : + 33 4 37 37 15 56
Vietnam Shipping Report Q4 2011 (From Issuu)
Asia, Oceania and America : + 1 (805) 617 17 93
Page 5/5