Research and Markets: Hong Kong Freight Transport Report Q2 2012

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/jzh3h3/hong_kong_freight) has announced the addition of the "Hong Kong Freight Transport Report Q2 2012" report to their offering.

Business Monitor International's Hong Kong Freight Transport Report provides industry professionals and strategists, corporate analysts, freight transportation associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Hong Kong's freight transportation industry.

While Hong Kong's port and airport cater for its domestic trade needs, the country's freight transport sector has developed a global role, with both the air freight and container shipping sectors functioning as transhipment hubs in the global supply chain.

While gaining Hong Kong a place at the global logistics table, this role also leaves the country's freight transport sector exposed during periods of slowing global demand. Its freight transport sector will, in our view, be affected by the projected slowdown in China's economic growth, the plateauing growth outlook emerging from the US and the recession hit eurozone.

BMI also highlights that there is a medium- to long-term threat to Hong Kong's freight role, as more direct connections are made with mainland ports and airports. While we note that this is indeed a threat to Hong Kong in terms of throughput growth, we note that its expertise and highly developed logistics infrastructure will ensure that the country still has a transhipment role to play. In a bid to remain a step ahead of the industry expansion, projects are planned at both the port and airport, which will ensure they keep up with the new trends in the aviation and maritime sector.

Headline Industry Data

-2012 air freight tonnage is expected to grow by 1.54%.

-2012 rail freight is forecast to decrease by 1.5%.

-2012 Port of Hong Kong tonnage throughput is forecast to grow by 2.36%.

-2012 road freight is forecast to grow by 4.3%.

-2012 inland waterway freight is forecast to grow by 2.4%.

-2012 total real trade growth is forecast at 3.6%.

Companies Mentioned

- Cathay Pacific Cargo

- Orient Overseas Container Line (OOCL)

- TS Lines

- Pacific Basin Shipping

- Sinotrans Shipping Limited

For more information visit http://www.researchandmarkets.com/research/jzh3h3/hong_kong_freight

Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Maritime

Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Maritime