Philippines Shipping Report Q4 2014: New research report available at Fast Market Research

Manila International Container Terminal (MICT), the country's top container facility in terms of container throughput, is set to continue holding this position in Philippines' maritime sector in 2014, with BMI forecasting further steady growth.

The port of Cebu, one of the country's largest facilities in terms of total throughput is also expected to post another increase in its freight volumes.

Over the medium term, growth will continue at both the MICT and the port of Cebu.

Headline Industry Data

* 2014 port of Cebu tonnage throughput forecast to grow 5%, over the medium term we project a 22% increase.
* 2014 MICT container throughput forecast to grow 4%, over the medium term we project an 18% increase.
* 2014 total trade growth forecast at 5.3%.

Key Industry Trends

Manila Truck Ban Suspended Only Temporarily : The large truck ban in the Philippine capital Manila was suspended only temporarily in May 2014 by the city mayor Joseph Estrada to clear up container backlog at the port before the East Asia summit of the World Economic Forum, which took place in Manila in May 2014. We believe that the current large truck ban in Manila will have a number of negative impacts on various sectors. In particular we see downside risks to our road freight tonnage and port throughput forecasts, and the possible downwards revision of our ratings for liner connectivity and import times. This could also depress our BMI Logistics Index ratings for the Philippines on the one hand, and drive up import costs on the other.

Full Report Details at
- http://www.fastmr.com/prod/872664_philippines_shipping_report_q4_2014.aspx?afid=301

Risks t o Outlook

The strong base for growth at the country's ports stems from BMI's positive outlook for the Philippines' economy. We forecast real GDP growth of 6.3% for the Philippines in 2014, as we expect domestic demand to remain strong and export sector growth to see a modest rebound this year.

Growth slowdowns in both China and Japan, to which the Philippines is heavily exposed in both investment and trade terms, could undermine the country's strong...

The Philippines Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Philippines.

BMI's Philippines Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Philippines.

Key Benefits

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