2013-10-08 11:50:21 - New Transportation market report from Business Monitor International: "Singapore Freight Transport Report Q4 2013"
The city-state of Singapore's role as a global transhipment hub is both its blessing and its curse. In times such as these, when key markets in Europe and the US are either recessionary or growing sluggishly, it can be hit by depleted freight volumes. In 2013, we forecast that both the port and airport's total tonnage volumes will undergo a contraction.
Headline Industry Data
* 2013 air freight tonnage through Changi International Airport to contract 1.8%. Growth over our forecast period (2013-2017) to average 0.6% per annum.
* The port of Singapore's gross tonnage will contract by 1.6% in 2013, with average annual growth at 1.6% during our forecast period.
* The country's overall trade will grow by 1.6% in real
terms in 2013, to average 3.8% to 2017.
Full Report Details at
- www.fastmr.com/prod/689077_singapore_freight_transport_report_q4 ..
Key Industry Trends
Loong Reveals Master Plan For Airport, Port: Singaporean Prime Minister Lee Hsien Loong in August revealed a master plan to increase the capacity of Southeast Asia's busiest airport, Changi Airport, by twofold. Loong has also disclosed plans for a fourth runway at the airport. This will enable the government to shift a military airbase in central Singapore to Changi after 2030 and free up 800 hectares of land for homes, factories and businesses.
Singapore Takes Action Against Bunkering Breaches: The Maritime and Port Authority of Singapore in June revoked the operating permits of two bunkering firms. The permits were both pulled on June 24, with the authority citing breaches of the terms and conditions of the permits.
Singapore's Portek Secures Contract With Malaysia's Tanjung: Singapore-based port solutions company Portek International secured its first major contract with Malaysia's port of Tanjung Pelepas (PTP) in July. The company also secured some repeat orders from existing customers as the total engineering orders reached about US$5mn.
Key Risks To Outlook
We continue to believe that the main risk for Singapore's freight transport sector lies on the downside. This dynamic city-state economy depends critically on its US, eurozone, and mainland China export markets, and each of those three faces varying degrees of downside economic risks. Further, the country's Port of Singapore and Changi Airport both handle huge volumes of transhipment volumes, which could be affected should the global economy slump once more.
Report Table of Contents:
BMI Industry View
- BMI Industry View
- Freight Transport
- Business Environment
- Industry Forecast
- Air Freight
- Table: Air Freight
- Table: Maritime Freight
- Road Freight
- Table: Trade Overview
- Table: Key Trade Indicators
- Table: Top Import Destinations, 2004-2011, US$mn
- Table: Top Export Destinations, 2004-2011, US$mn
- Market Overview
Industry Trends And Developments
- Industry Trends And Developments
- Singapore Airlines Cargo (SIA Cargo)
- Long-Term Political Outlook
- Table: Political Overview
- Political Risk Analysis
- Under Pressure
- Implications For Business Environment
Oil Price Outlook
- Global Oil Product Price Outlook
- Crude Price Forecasts
- Table: BMI's Oil Price Forecasts, Average Price (US$/bbl)
- Product Prices Move Back Up But No Spikes Expected
- Narrower US Market Crude-Product Spreads
- Weak Demand Persists
- Table: BMI's Refined Products Forecasts, US$/bbl
- Supply: Supported By Global Refining Capacity
- Naphtha: Gas Renaissance Hits Demand
- Gasoline And Gasoil/Diesel: Subsidies & Fuel Efficiency Cap Upward Movement
- Jet Fuel: Slump Restricts Upward Movement
- Table: Total Air Freight And Passenger Volumes
- Bunker Fuels: No Rest To Downward Movement In Sight
- Macroeconomic Forecasts
- Post Global Crisis Rebound Proof Of Structural Resilience
- Economy Facing Unique Risk Of Worsening Labour Crunch
- Consequences: A Mixed Bag
- Cost Competitiveness At Risk
- Expenditure Breakdown
- 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
- Transport Industry
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.