Analysis of Intra-Asia Market

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Chapter 4: Findings and Discussions
In the first section of this chapter, the interview result is being analysed. Following that, the research done in phase 1 and the interview results gathering in phase 2 is combined to formulate the Opportunities, threats and uncertainties in Intra-Asia container trade. Finally in the last section of this chapter, we will forecast the future outlook of Intra-Asia for the next five years.
4.1 Analysis of Intra-Asia Market
We had tailored our interview questions to gather professional opinions on the future outlook of Intra-Asia and Intra-Asia container shipping and how they could impact and affect the ship-owners and operators (Appendix D).
Based on the interviews results (Appendix E) we had gathered, 80% of the respondents believe that the current shipping market is now in its recovery from the longest downturn in three decades in the shipping industry. It is largely due to the cause of overcapacity of ships in the market that have depressed freight rates since the end of a shipping boom in 2008 (Shipping Industry sees an end to five-year downturn, 2014). The current recovery seem to be fragile in Europe, though it is gaining traction in the US and UK, while emerging market is showing signs of slow growth (Howard, 2014). All the main shipping segments remain heavy on the supply side, causing great volatility in freight rates (Figure 10). Fortunately, the industry has now improved its ability to apply counter-balancing measures that had

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