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PT38- 12_3

CONTAINER HANDLING

Looking ahead: Strong growth for Asia Pacific ports
Fusion Consulting, Hong Kong
With 39 per cent share of the global market, the Asia Pacific maritime industry has been booming and forecast to grow at a CAGR of seven per cent between 2006 and 2010. Maritime services, offshore and freight forwarding are slated to be the fastest growing areas (see Table 1).“The maritime industry across the Asia Pacific will continue to develop its core competencies and improve its competitive advantage in the specialised market segments of FPSO conversion, offshore support vessels and shipbuilding.” says Peter Davey, Strategy Director at Fusion Consulting in Singapore. “Looking ahead, we will see more of Asia’s port operators acquiring foreign ports and hopefullypenetrate the US market, where homeland security claims have prevented to date, the sale of both port and oil companies to companies from Dubai and China. Increasingly as well, Chinese, Indian and Singapore will mark their stamp globally as international port operators. The Port of Singapore Authority for instance, already operates 26 ports in 15 countries”.

Competition among Asia Pacific portsheating up
While Shanghai has overtaken Singapore in terms of cargo handled (537 v 448.5 million tonnes in 2006), Singapore’s core business of container throughput still keeps it in the lead. Singapore is also the top bunkering port in the world with ship fuel sales hitting an all time high of 28.4 million tonnes in 2006 (+11 per cent v YA).

TABLE 1: GROWTH FORECASTS FOR ASIA’S MARITIME INDUSTRY(FUSION CONSULTING ESTIMATES)

Global US$bn Merchant Shipping Maritime Engineering Ports and Terminals Services Freight Forwarding Offshore Total Maritime 379 98 101 34 7 136 755 CAGR 2006-2010 6% 4% 5% 6% 6% 4% 5% 148 (39%) 61 (63%) 43 (42%) 9 (28%) 3 (37%) 31 (23%) 295 (39%)

Asia Pacific US$bn (% Global) CAGR 2006-2010 8% 4% 6% 10% 8% 8% 7%

The Asia Maritime Industry is booming andcontinuing to grow at a steady rate.

PORT TECHNOLOGY INTERNATIONAL

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PT38-12_3

TABLE 2: PORT ACTIVITY IN ASIA

India

Singapore

Indonesia

Malaysia

South Korea

China

Investment of upto US$18bn is sorely needed, with cargo handling expected to grow at an average of 7.7% p.a till 2013-14, and with containerised cargo growing at 17.3% over the next nineyears.

Focus is on being international hub, developing maritime cluster with ship financing, developing marine research, building oil rigs.

Port capacity is growing, as is the requirement for crude oil and LNG tanker capacity. While shipping through its waters is expected to increase by 7%, security remains a key problem.

Port of Tanjung Pelepas, with its state-of-the-art facilities anddraft up to 19 metres, is one of the few ports in the world that can handle the Emma Maersk and the next generation of container ships. It is expected to deliver steady growth over the next few years.

Expected to post strong shipping growth and sea freight is forecast to grow an annual average of 7% of 2007-11. Port infrastructure is being revamped by setting up of automated operation systems,enhanced security standards and lifting a ban on nighttime operations.

Port industry will focus on specialised dock construction of coal, petroleum, ore, and the construction of deepwater channels. Construction activity of crude oil handling docks (over 200,000 tons) and development of related feeder ports are all being accelerated.

Growth for port operations and services is expected to bewidespread in the Asia Pacific region as well. Asia Pacific accounts for 42 per cent of the global value market of port operations and is expected to grow share further to 44 per cent or US$54 billion by 2010 (CAGR of six per cent). The main areas of growth in ports and terminals are expected in China, India and Korea. By 2011, Asia is expected to handle 206 million TEU including 64 million TEU...