Business Data
Indonesia shipping report Q3 2015 : includes 5-year forecasts to 2019
With both economic growth and foreign trade activity gathering pace moderately in 2015, we expect activity levels at Indonesia's main ports to grow. But there will be leads and lags, with some short-term weaknesses in freight demand recovering later in the year. Growth will not be uniform. At the port of Tanjung Priok cargo handled will rise more rapidly than in 2014, with expansion in the 3-6% range across bulk tonnage and box handling. At the Port of Palembang however, while growth will remain positive, the pace of expansion will be a little lower than in 2014. Over the medium to long term, we continue to believe that the key to sustainable growth in shipping is investment in port infrastructure, including road and rail links in the hinterland areas. We are encouraged to see continuing evidence of progress on this front.