SOUTHEAST Asia box volumes are expected to show strong growth through 2020, making the region's ports an attractive option for investors, according to Singapore-based Drewry analyst Jason Chiang.
Asian container ports now account for 57 per cent of the world's port box volumes. North Asian mega box ports in China, Japan, and South Korea handle most of the throughput.
But southeast Asia now commands 13.6 per cent of global throughput after recording compound annual growth rates of 7.4 per cent from 2000 to 2013, IHS Maritime 360 reports.
"Southeast Asian container ports are projected to grow from 95 million TEU in 2014 to 136 million TEU in 2020, growing by 6.1 per cent," Mr Chiang told delegates at the 8th Philippine Ports and Shipping conference in Manila.
Growth is projected by Drewry to be the strongest over the five-year period for emerging countries such as Brunei (9.5 per cent), Indonesia (7.3 per cent), Myanmar (7.9 per cent), Thailand (5.6 per cent) and Vietnam (5.6 per cent).
Mr Chiang said options for investing in the region's ports were currently limited, but reforms could lead to emerging new opportunities, and these could make attractive propositions because of the availability of captive volumes and potentially high profits.
"Asian economies are growing independently of the European and US economies," said Mr Chiang. "Domestic and intra-Asia trade are the new cornerstones for Asian trade."
PORTS
26 February 2015 - 21:44
Investment opportunities in SE Asia ports as box volumes rise
SOUTHEAST Asia box volumes are expected to show strong growth through 2020, making the region's ports an attractive option for investors, according to Singapore-based Drewry analyst Jason Chiang.
PORTS
26 February 2015 - 21:44
Investment opportunities in SE Asia ports as box volumes rise
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