2012-06-30 04:06:59 - Fast Market Research recommends "Canada Shipping Report Q3 2012" from Business Monitor International, now available

BMI maintains its broadly optimistic outlook for Canadian port sector, indicating a strong base for growth at the country's ports. Total throughput will be driven by strong imports, boding well for ports and the shipping sector. We estimate that Canada's economy grew by 2.5% in real terms in 2011, which was a challenging and volatile year by any measure. We expect to see a full-year average growth figure of 2.0% for 2012. This trend should continue into 2013, when we expect GDP growth of 2.3%. Our outlook for Canada's shipping sector remains positive, with volumes set to be boosted by increasing imports as well as coal exports.


Full Report Details at
- www.fastmr.com/prod/404157_canada_shipping_report_q3_2012.aspx


Headline Industry Data

* 2012 Port of Vancouver

tonnage throughput forecast to grow 2.7%. Over the medium term we project average annual growth of 2.6% to reach 139mn tonnes in 2016.
* 2012 Port of Vancouver container throughput forecast to grow 5.6% in 2012. Over the medium term we project a 5.9% increase to reach 3.3mn twenty-foot equivalent units (TEUs) in 2016.

Key Industry Trends

2011 Volumes Stay Flat For Port Metro Vancouver

Port Metro Vancouver handled 122.5mn tonnes of cargo in 2011, a 3.4% increase over 2010. Container traffic continued to keep pace with a record setting 2010, with volumes flat at 2.5mn twenty-foot equivalent units (TEUs), supported by a 6% increase in containerised exports.

BC Government Intends To Make Port Tax Cap Permanent

The British Columbian government has announced that it intends to make permanent the existing cap on municipal port property tax rates, reports portstrategy.com. The decision would make the province's ports even more attractive to foreign investors, including the lucrative Asia Pacific sector. The British Columbia Wharf Operator's Association said that the cap could be worth more than US$2bn in future investment. The temporary cap was introduced in 2004 under the Ports Property Tax Act.

Prince Rupert Port Registers 20% Increase In Container Throughput

Canada's Port of Prince Rupert registered a 20% year-on-year (y-o-y) rise in container throughput to 410,366TEUs in 2011. This was attributed to a 20% y-o-y jump in loaded imports to 233,146TEUs, mostly from China. The port also recorded a 59% y-o-y growth in export container traffic on the back of strong Chinese demand for lumber and other wood products.

Risks To Outlook

BMI's positive outlook for the Canadian economy indicates a strong base for growth at the country's ports. Total throughput will be driven by strong imports, boding well for the shipping sector.

On the downside, any significant slowdown in the US recovery would be highly negative for Canadian business confidence, commodity prices and exports, and therefore for the shipping sector. Canada's exports are still struggling to recover from the global economic downturn. Similarly, although exports to Asia Pacific countries increased in 2010, a significant slowdown in Chinese demand would be negative for commodity prices and Canadian exports, and therefore presents potential downside risk to our forecasts.

Partial Table of Contents:

SWOT Analysis
- Canada Shipping SWOT
- Canada Political SWOT
- Canada Economic SWOT
Global Overview - Container Shipping
- Executive Summary: Rate Decline Risk, Threat Of Another Year Of Losses
- Slowing Demand A Major Threat To Freight Rates
- Carriers Thinking Outside Box On Overcapacity, Can Rate War Be Avoided?
- Lines Must Tackle High Bunker Prices To Avoid Impact On 2012 Bottom Line
- Evergreen's Order Raises Questions For Future Of Box Fleet Expansions
Global Overview - Dry Bulk Shipping
- Executive Summary: Rates Struggling To Recover From 25-Year Low
- Bleak Demand Outlook Gives Cause For Concern
- Lines Withhold Payments As Shipping Struggles In Depressed Market
- Vale's Valemax Woes Continue, Vessel Values And Demand Plunging
- Orders Continue As Lines Take Advantage Of Bargain Basement Prices
- Record Dry Bulk Scrapping Levels No Match For Global Fleet
Global Overview - Liquid Bulk Shipping
- Executive Summary: Bearish View Maintained Despite Industry Optimism
- Will Increased Asian Crude Imports Offset Excess Tonnage?
- More Pain For US Tanker Operators Despite Investor Confidence
- 2012 Political Impact On Crude Oil Shipping Emanating From Iran
- Tanker Operators Scrap In Desperate Attempt To Shore Up Rates
- Tanker Pools To Grow As Operators Seek Safety In Numbers
Industry Trends And Developments
Container Shipping Market Overview
Industry Forecast
- Port Of Montreal
- Port Metro Vancouver
- Table: Major Port Data, 2008-2016
- Trade
- Table: Trade Overview, 2008-2016
- Table: Key Trade Indicators, 2008-2016 (US$mn)
- Table: Canada's Main Import Partners, 2002-2009 (US$mn)
- Table: Canada's Main Export Partners, 2002-2009 (US$mn)
Company Profiles
- Teekay
- Maersk Line
- Mediterranean Shipping Company (MSC)
- CMA CGM
- COSCO Container Lines Company Limited (COSCON)
- Hapag-Lloyd
- Evergreen Line
- APL
- China Shipping Container Line (CSCL)
- Hanjin Shipping (Container Operations)
- Mitsui OSK Lines (MOL) (Container)
Demographic Outlook
- Table: Canada's Population By Age Group, 1990-2020 ('000)
- Table: Canada's Population By Age Group, 1990-2020 (% of total)
- Table: Canada's Key Population Ratios, 1990-2020
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Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=404157&dt=t

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