Thailand Shipping Report Q4 2014 - New Report Available

From: Fast Market Research, Inc.
Published: Fri Oct 24 2014

With General Prayuth Chan-ocha being elected as Interim Prime Minister, the Junta has gained full control of governance. Huge power amassed by the Junta could be left unchecked, risking a further deepening of the political divide. Political reforms meanwhile continue to lack clarity. That said, near-term stability bodes well for the economy, and so for freight transport volumes also.

Although some of our port throughput forecasts are unchanged from last quarter, we had already 'priced in' a fair amount of political risk. The fact that cranes have been moved to Laem Chabang to help the port cope with demand is encouraging. Nevertheless, risks to all our port throughput forecasts are tilted to the downside in light of ongoing developments.

Headline Industry Data

* Gross tonnage at Laem Chabang, the country's largest port, set to rise by 3.0% to 69.08mn tonnes in 2014, and will average growth of 3.8% a year over our medium-term forecast period to 2018.
* Box handling at the same port to rise 2.3%, to 6.18mn twenty-foot equivalent units (TEUs) in 2014, and will average 3.0% over the medium term.
* At the port of Bangkok, BMI projects that tonnage will grow by 3.2% in 2014, to 21.01mn tonnes, with container handling set to grow by 7.0%, to 1.61mn TEUs.
* We expect the real value of foreign trade to grow by 1.1% in 2014, down from 3.3% the year before. Imports will be up by 0.2%, while exports will grow by 2.0%.

Full Report Details at

Key Industry Trends

Government Approves Transport Infrastructure Plan

The government of Thailand has approved a USD75bn masterplan to transform transport infrastructure over the next eight years. The plan will involve the expansion of dual-track rail lines, the extension of elevated train lines in Bangkok and the metropolitan area, and the expansion of the capacity of ports and airports.

Precious Shipping Confident: Thailand-based shipping company Precious Shipping remains confident with regards to the outlook for dry bulk shipping, despite...

The Thailand 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 Thailand.

BMI's Thailand 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 Thailand.

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You may also be interested in these related reports:

- Vietnam Shipping Report Q4 2014
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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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