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Indonesia Shipping Report Q1 2011


Indonesia Shipping Report Q1 2011

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Additional Information
Price $530.00
Meta Description No
Publisher Business Monitor International
Date of Report Aug 1, 2011
Quick Overview
In December 2010 BMI noted that Indonesia had delayed passing into law changes to the country'soffshore shipping cabotage rules. The new law was delayed by five months, as concerns started to build inthe industry that the need to have all vessels serving Indonesia's offshore oil and gas projects flagged toIndonesia would have a negative effect on the country's oil and gas production levels. The sector'sshipping demands are currently met largely by foreign-flagged vessels. It is hoped that the postponementwill give the shipping sector time to come to an agreement with the government that will allow thecontinued use of foreign-flagged vessels, at least in the short term. In the mid term we expect to see adrive to order vessels to serve the offshore oil and gas industry by Indonesian firms.
Going into 2011 BMI believes the economic fundamentals are looking good for Indonesia, which willbenefit the local ports and shipping sector. Against a background of relative political stability we seesustained strength in domestic consumer demand, good levels of consumer confidence, decliningunemployment levels and relatively low interest rates. Importantly, foreign investors seem to be shiftingaway from a perception of Indonesia as a very risky business destination. The rupiah is set at a level toencourage export competitiveness. While a number of risks (such as high levels of corruption) remainpresent, BMI is bullish over the country's prospects over the next decade. BMI is estimating 5.8% GDPgrowth in 2010, followed by a predicted 5.9% growth rate in 2011, and an acceleration to 6% in 2012. Inthe medium term (the five years to 2015) we expect GDP growth to average a healthy 6.1% per annum.At this level of growth, freight demand for a number of key traded bulk commodities (such as coal, oiland gas, and agricultural foodstuffs) will expand rapidly.
At the Port of Tanjung Priok (POTP) total tonnage will increase by 5.5% in 2011 to 40.896mn tonnes,representing a slowdown on the 9.5% growth experienced in 2010. We expect tonnage growth in this keyIndonesian report to remain healthy for the rest of our five-year forecast period, running to 2015. At thePort of Palembang (POP), we are expecting growth of 5.7% in 2011 to 11.19mn tonnes, after 5.3%expansion in 2010. We also project reasonably strong performance over the next five years at POP.In 2011 we project box handling growth of 5.7%, which will see the number of containers handled reach98,739 20-foot equivalent units (TEUs).
BMI's view is that looking forward the engine of Indonesian growth will be its internal consumer market,driven by an expanding middle class and rising standards of living. However, that is not inconsistent witha dynamic foreign trade performance. In real terms foreign trade slumped by 12% during the globalrecession of 2009, recovered quite vigorously in 2010 with an estimated growth rate of 9%, and isforecast to advance once more in 2011 with growth of 9%.
Table of Contents
Executive Summary ........................................................................................................................................ 5
SWOT Analysis ................................................................................................................................................ 6
Indonesia Shipping SWOT .................................................................................................................................................................................... 6
Global Overview .............................................................................................................................................. 7
Container Shipping Overview .................................................................................................................................................................................... 7
Dry Bulk Shipping Overview .................................................................................................................................................................................... 17
Liquid Bulk Overview .............................................................................................................................................................................................. 23
Industry Trends And Developments ............................................................................................................ 27
Market Overview ............................................................................................................................................ 33
Port of Jakarta (Tanjung Priok) .............................................................................................................................................................................. 33
Overview ............................................................................................................................................................................................................. 33
Terminals, Storage And Equipment .................................................................................................................................................................... 34
Expansions And Developments ........................................................................................................................................................................... 36
Multi-Modal Links .............................................................................................................................................................................................. 37
Port of Palembang ................................................................................................................................................................................................... 38
Overview ............................................................................................................................................................................................................. 38
Terminals, Storage And Equipment .................................................................................................................................................................... 38
Expansions And Developments ........................................................................................................................................................................... 39
Multi-Modal Links .............................................................................................................................................................................................. 39
Industry Forecast .......................................................................................................................................... 40
Table: Major Port Data ...................................................................................................................................................................................... 41
Table: Trade Overview ....................................................................................................................................................................................... 41
Table: Key Trade Indicators ............................................................................................................................................................................... 42
Table: Main Import Partners .............................................................................................................................................................................. 43
Table: Main Export Partners .............................................................................................................................................................................. 44
Company Profiles .......................................................................................................................................... 45
A.P. M├śLLER-MAERSK .................................................................................................................................................................................... 45
Mediterranean Shipping Company (MSC) .......................................................................................................................................................... 53
CMA CGM .......................................................................................................................................................................................................... 57
Neptune Orient Lines (& APL) ........................................................................................................................................................................... 61
Hapag-Lloyd ....................................................................................................................................................................................................... 66
Evergreen Line ................................................................................................................................................................................................... 69
China Ocean Shipping (Group) Company (COSCO) .......................................................................................................................................... 73
CSAV Shipping ................................................................................................................................................................................................... 78
China Shipping (CSCL) ...................................................................................................................................................................................... 82
Hanjin Shipping .................................................................................................................................................................................................. 86
Mitsui OSK Lines (MOL) .................................................................................................................................................................................... 92
Nippon Yusen Kabushiki Kaisha (NYK) .............................................................................................................................................................. 97




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