South Korea Shipping Report

 Published On: Dec, 2013 |    No of Pages: 125 |  Published By: BMI Shipping | Format: PDF
Request Free Sample

Industry View
We reiterate our cautious expectations towards South Korea's economic growth prospects, this time from a
sectoral perspective. Korean semiconductor manufacturers will have to constantly innovate and invest in
R&D in order to maintain its competitive edge and fend off competition from the Chinese or risk taking the
route of the Japanese tech sector. Additionally, we highlight a possible stagnation in the Korean
petrochemical industry and a reversal in the shipbuilding industry as additionally downside risks.
South Korea's consensus-beating real GDP growth in Q3 2013 gave cause for optimism in the country's
economic growth trajectory. Despite this, however, we remain cautious towards its economic growth
trajectory given the structural weakness that we believe will continue to plague the Korean economy (see
'Staying Cautious In 2014 Despite Upside Growth Surprise', October 31 2013). In this article, we articulate
the same convictions we have from a sectoral perspective, and highlight three industries we believe may
potentially carry some near to medium term downside risk for South Korea's economic growth prospects.

Industry View 7
Shipping 9
Political 11
Economic 12
Business Environment 13
Industry Forecast 14
Port Of Busan Throughput 14
Port Of Incheon Throughput 20
Table: Major Port Data, 2011-2018 23
Table: Trade Overview, 2011-2018 24
Table: Key Trade Indicators, 2011-2018 25
Table: Main Import Partners, 2004-2012 26
Table: Main Export Destinations, 2004-2012 27
Market Overview 28
South Korea Container Shipping Overview 28
Industry Trends And Developments 34
Company Profile 40
STX Pan Ocean (STX) 40
Hyundai Merchant Marine (HMM) 44
Hanjin Shipping 47
Shipping - Global Industry View 54
Box Demand: Container Outlook Strengthening In 2014 54
Box Supply: Slowing New Vessel Deliveries To Decrease Overcapacity Pressure 71
Table: Q313 Container Vessel Deliveries 72
Table: 2013 Mega Vessel Orders 73
Box Rates: Rate Push In Preparation For 2014 77
Table: 2012 & 2013 SCFI Europe Base Port Average Freight Rate Overview 84
Table: 2012 & 2013 SCFI USWC Base Port Average Freight Rate Overview 84
Global Company Strategy 85
Maersk Line 85
Mediterranean Shipping Company 93
Evergreen Line 106
COSCO Container Lines Company 112
Macroeconomic Forecasts 118
Economic Analysis 118
Strong Downside Pressures in 2014 119
Private Consumption 121
Government Consumption 121
Investment 121
Net Exports 121
Demographic Forecast 122
Demographic Outlook 122
Table: South Korea's Population By Age Group, 1990-2020 ('000) 123
Table: South Korea's Population By Age Group, 1990-2020 (% of total) 124
Table: South Korea's Key Population Ratios, 1990-2020 125
Table: South Korea's Rural And Urban Population, 1990-2020 125

If the above report does not have the information suitable for your business, we can provide custom research that can be lucrative for your business or enhance your profession.