Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Industries

New Market Report Now Available: Singapore Shipping Report Q1 2014


Print article Print article
2014-01-04 04:22:54 - New Transportation research report from Business Monitor International is now available from Fast Market Research

Our outlook for the port of Singapore for 2013 remains that it will not overtake the port of Shanghai for the crown of the world's largest container port, as we had envisaged several quarters ago. We now see such a scenario as unlikely to fall out, and we have revised down our outlook for growth in box handling in 2013 further, now forecasting growth of just 1.0%, compared with our previous forecast of 1.4% growth. This is based on poor monthly data coming out of the port, and the worsening outlook in the eurozone. We have revised down our GDP growth forecast for the currency bloc to a decline of 0.5%.

Headline Industry Data

* Port of Singapore's gross tonnage will

grow by 3.2% in 2014 and will expand at the same average rate over our medium-term forecast period to 2018.
* Port of Singapore box handling set to grow by 2.8% in 2014, with average annual growth set at 3.5% per annum over the medium term.
* The country's overall trade will grow by 3.4% in real terms in 2014 and will average 4.1% to 2017.

Full Report Details at
- www.fastmr.com/prod/754765_singapore_shipping_report_q1_2014.asp ..

Key Industry Trends

Singapore Reveals US$8bn Expansion Plans: The Singaporean government intends to invest SGD8.8mn (US$7mn) in expanding the capacity of its container port this fiscal year. The project, which is part of Prime Minister Lee Hsien Loong's push for an economic and popular revival, comes as the port of Shanghai overtook the Singaporean facility to become the world's busiest port. The project entails moving terminals to free 1,000 hectares for development and building a larger facility at Tuas.

NOL Profit Recovers In Q313: Singapore-based shipping firm Neptune Orient Lines (NOL) has reported profit of US$20mn for its operations in the July-to-September quarter of 2013. The figure marked a decline of 60% in comparison to Q312, although it was up from a loss of US$35mn posted in Q213, the Journal of Commerce reports. NOL has attributed its slight recovery to a number of cost-cutting measures, but has linked its year-on-year decline to overcapacity and low rates.

APL Adds New Container Ship To Fleet: APL has added a new container ship, named Savannah, to its fleet. The vessel has the capacity to transport 9,200 twenty-foot equivalent unit containers, and is the largest ship in the company's portfolio, as it undertakes a programme for growth.

Key Risks to Outlook

There are considerable risks to our outlook for Singapore. This is due to the port's massive transhipment traffic, which makes it particularly susceptible to any adverse developments in the global economy - the contraction in both box and tonnage volumes experienced in 2009 when the global economic crisis took hold is clear evidence of this. We forecast that the eurozone will return to growth in 2014, and that the US recovery will continue to take hold, although given the events of the past five years, there remain risks to both of these outlooks. Equally, a harder landing in China than we currently envisage could also shake up the global economy.

Report Table of Contents:

BMI Industry View
SWOT
- Shipping
- Political
- Economic
- Business Environment
Industry Forecast
- Port Of Singapore Throughput
- Table: Major Port Data, 2011-2018
- Table: Trade Overview, 2011-2018
- Table: Key Trade Indicators, 2011-2018
- Table: Top Import partners, 2004-2011
- Table: Top Export Destinations, 2004-2011
Market Overview
- Singapore Container Shipping Market Overview
Industry Trends And Developments
Company Profile
- Pacific International Lines (PIL)
- Pacific Carriers Limited (PCL)
- APL
Shipping - Global Industry View
- Box Demand: Container Outlook Strengthening In 2014
- Box Supply: Slowing New Vessel Deliveries To Decrease Overcapacity Pressure
- Table: Q313 Container Vessel Deliveries
- Table: 2013 Mega Vessel Orders
- Box Rates: Rate Push In Preparation For 2014
- Table: 2012 & 2013 SCFI Europe Base Port Average Freight Rate Overview
- Table: 2012 & 2013 SCFI USWC Base Port Average Freight Rate Overview
Global Company Strategy
- Maersk Line
- Mediterranean Shipping Company
- CMA CGM
- Evergreen Line
- COSCO Container Lines Company
Macroeconomic Forecasts
- Household Leverage Is A Risk...
- But The Overall Picture Is More Sanguine
- Higher Returns On External Assets Will Provide A Boost
- Near Term Growth Prospects Muted, But Stronger Growth On The Horizon
- Table: Singapore - Economic Activity
Demographic Forecast
- Demographic Outlook
- Table: Singapore's Population By Age Group, 1990-2020 ('000)
- Table: Singapore's Population By Age Group, 1990-2020 (% of total)
- Table: Singapore's Key Population Ratios, 1990-2020
- Table: Singapore's Rural And Urban Population, 1990-2020

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com