Australia Shipping Report

Published 13 July 2015

  • 110 pages
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$1,295.00
Australia Shipping Report

BMI View: In tandem with the wider economy, Australia's shipping industry will not see huge strides in terms of y-o-y growth, but it will nonetheless enjoy modest gains over the medium term. While the Australian economy continued to slow in Q1 2015, we maintain our 2015 real GDP growth forecast of 2.3% (versus 2.7% in 2014) - the country's main ports are set to post modest gains, led by the Port of Melbourne (tonnage growth) and Brisbane (container growth).

We caution that the country's worsening terms of trade and unwinding investment boom continue to act as major headwinds to growth. The total value of services exports is now slightly greater than that of iron ore exports, given the sharp decline in commodity prices despite surging volumes, and this divergence will increase over the coming years. This is not welcome news to the shipping industry considering how integral the transportation abroad of iron ore is to the Australian shipping industry - Australia's top export is iron ore, while gold is also in the top five, according to the Observatory of Economic Complexity.

The port of Melbourne will lead the way in terms of tonnage growth in 2015 (3.98%), while the outperformer in box throughput annual growth will be the port of Brisbane with an increase of 4.83%. Meanwhile, the port of Sydney will once again see relatively muted positive growth, with box throughput growth accelerating only slightly while tonnage growth is set to slow.

Headline Industry Data

  • 2015 port of Melbourne tonnage throughput forecast to grow 3.98%.

  • 2015 port of Melbourne container throughput forecast to rise 2.64%.

  • 2015 port of Sydney tonnage throughput forecast to increase 1.46%.

  • 2015 port of Sydney container throughput forecast to increase 3.31%.

  • 2015 port of Brisbane tonnage throughput forecast to rise 3.00%.

  • 2015 port of Brisbane container throughput forecast to grow 4.83%

  • 2015 total trade growth forecast to grow by 3.45%.

Key Developments

Government Approves Sydney...

BMI Industry View
7
SWOT
10
Shipping
10
Political
13
Economic
14
Operational Risk
15
Industry Forecast
17
Port Of Melbourne Throughput
17
Port Of Sydney Throughput
24
Table: Major Ports Data (Australia 2012-2019)
29
Table: Trade Overview (Australia 2012-2019)
30
Table: Key Trade Indicators (Australia 2012-2019)
31
Table: Top Import Destinations, 2006-2013, USDmn
32
Table: Top Export Destinations, 2006-2013, USDmn
33
Market Overview
34
Australia Container Shipping Market Overview
34
Company Profile
42
Australian National Lines
42
Shipping - Global Industry View
46
Container Shipping: Three Key Themes
46
Table: Major Beneficiaries
46
Table: Order Book For New Mega Vessel Class
48
Table: Vessel Capacity By Trade Route
51
Global Company Strategy
53
Maersk Line
53
Mediterranean Shipping Company (MSC)
66
CMA CGM
73
Evergreen Line
84
COSCO Container Lines Company (COSCON)
92
Macroeconomic Forecasts
99
Economic Analysis
99
Table: Economic Activity (Australia 2010-2019)
105
Demographic Forecast
106
Table: Population Headline Indicators (Australia 1990-2025)
107
Table: Key Population Ratios (Australia 1990-2025)
107
Table: Urban/Rural Population & Life Expectancy (Australia 1990-2025)
108
Table: Population By Age Group (Australia 1990-2025)
108
Table: Population By Age Group % (Australia 1990-2025)
109

The Australia Shipping Report has been researched at source and features latest-available data and BMI Research's independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Australia.

BMI's Australia Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Australia.

Key Benefits

  • Benchmark BMI's independent shipping industry forecasts for Australia to test other views - a key input for successful budgeting and strategic business planning in the Australian shipping market.
  • Target business opportunities and risks in Australia through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering shipping, major investments and projects and significant multinational and national company developments.

SWOT Analysis

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's shipping sector, which carefully evaluates the short- and medium-term issues facing the industry.

Market Overview

Analysis of the capacity, terminals and planned development of the major ports in each country, including data on throughput and total tonnage.

Industry Forecast Scenario

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and macroeconomic indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).

Company Profiles

Company profiles include business activities, leading products and services, company strategy, trends and developments and economic performance analysis.

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