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Project Insight - Port Construction Projects: Asia-Pacific

Project Insight - Port Construction Projects: Asia-Pacific

  • May 2019
  • 28 pages
  • ID: 5779508
  • Format: PDF
  • By GlobalData

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Project Insight - Port Construction Projects: Asia-Pacific

Summary
The rapid pace of economic expansion in Asia-Pacific - with China, India and Vietnam among the fastest growers - registered over 6.5% annual GDP growth in 2018, which highlights the region as a major global trading area. The region includes nine of the top ten ports by twenty-foot equivalent unit (TEU) volume handled. Shanghai leads in both the region and globally, with a volume of 40.2 million TEU in 2017, followed by Singapore with 33.7 million TEU. Dubai is the only port from outside the Asia-Pacific region included in the top ten global port list.

Recently, China has not invested as much in ports as its neighbors, as there is overcapacity in its existing port facilities.Unused port capacity in China is expected to double by 2030, due to the consolidation of shipping and reduced port trade.

Countries such as India and Malaysia are now major global trade countries, and are having to invest substantially in port facilities to maximize trade opportunities with their trading partners. According to the Indian Ministry of Shipping, the total cargo handled at Indian ports (major and non-major) increased to 1,208.56 million tonnes in 2017-18, rising from 1,133.69 million tonnes in 2016-17, reflecting an increase of 6.6% during 2017-18.

The report “Project Insight - Port Construction Projects: Asia-Pacific” provides analysis based on projects showing total project values for Asia-Pacific and analysis by stage and funding for the top ten countries.The top 50 projects are listed for the region giving country, stage, value of port construction.

Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers and project owners. Country profiles are provided for the top 10 countries including India, Malaysia and Australia.

Key Findings:

- The top 10 countries (in terms of the value of their projects pipelines) account for 94% of the total value of port construction projects in Asia-Pacific, with US$186.7 billion. In order of projects value, these are India, Malaysia, Australia, Bangladesh, Indonesia, the Philippines, China, Thailand, Vietnam and New Zealand
- Projects in the planning stage account for the highest value, with US$81.3 billion, demonstrating the strength of the port building pipeline in the region
- Projects in the execution stage account for a value of US$64.3 billion, whilst those in the pre-planning stage have a value of US$37.7 billion. Projects in the pre-execution stage have the lowest value, with US$16.1 billion
- Assuming all projects proceed as planned, total spending will stand at US$35.6 billion in 2020, and fall to US$19.8 billion in 2023
- The highest value of project completions will be in 2023, with a value of US$46.7 billion
- Project funding for all projects is led by private investment, with 50%, followed by joint public/private with 28% and public investment with 22%
- The highest value port project and the second-highest value tracked globally is the US$22.8 billion Carey Island Port Klang Extension in Malaysia, which is due to be completed in 2025 with a capacity of 30 million TEU in Carey Island, Selangor
- India leads both in the region and globally with the highest value of projects, with US$39.4 billion, followed by Malaysia with US$26.3 billion. Australia and Bangladesh follow, with projects valuing US$24.5 billion and US$24.4 billion respectively

The report “Project Insight - Port Construction Projects: Asia-Pacific” enables the user to:

- Gain insight into the development of the port construction sector
- Assess all major projects by value, start date, scope and stage of development for the region and top 10 countries to support business development activities
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets

Scope
- The report provides analysis based on CIC projects showing total project values for Asia-Pacific and analysis by stage and funding for the top ten countries.
- The top 50 projects are listed for the region giving country, stage, value of port construction. Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers and project owners. Country profiles are provided for the top 10 countries including India, Malaysia and Australia.

Reasons to buy
- Gain insight into the development of the port construction sector.
- Assess all major projects by value, start date, scope and stage of development for the region and top 10 countries to support business development activities.
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.

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