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21-Feb-08 Singapore, February 21, 2008 - Asia-Pacific business intelligence consultancy, Fusion Consulting, predicts that the region's maritime industry will grow at a CAGR of 7% between 2006 and 2010 in their 2008 maritime industry report. The report covers an overview of maritime industry developments in the Asia Pacific with forecasts til 2010, and a commentary on port activities in India, Singapore, Indonesia, Malaysia, South Korea and China. Maritime services, offshore, freight forwarding are slated to be the fastest growing areas with difference regions developing their own specializations. (Chart 1)
“The maritime industry across the Asia Pacific will continue to develop its core competencies and improve its competitive advantage in the specialized market segments of FPSO conversion, offshore support vessels and shipbuilding.” said Peter Davey, Strategy Director at Fusion Consulting in Singapore. “Looking ahead, we will see more of Asia’s port operators acquiring foreign ports and hopefully penetrate the US market, where homeland security claims have prevented to date, the sale of both port and oil companies to companies from Dubai and China. Increasingly as well, Chinese, Indian and Singapore will mark their stamp globally as international port operators. The Port of Singapore Authority for instance, already operates 26 ports in 15 countries.” Note to editors About Fusion Consulting For more information, please contact Fusion Consulting at
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