Singapore Shipping Report

Published 27 February 2015

  • 98 pages
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$1,295.00
Singapore Shipping Report

BMI View: We have revised down our 2015 container throughput forecast for the port of Singapore, on the back of domestic limitations in manufacturing, and global weakness in consumer demand growth. The port will not re claim its position as the world's largest container-handling facility from the port of Shanghai, and we believe that such a scenario is unlikely to play out in the next five years.

Headline Industry Data

  • The port of Singapore's gross tonnage will grow by 5.3% in 2015 and will expand an average 5.4% over our medium-term forecast period to 2019.

  • The port of Singapore's box handling set to grow by 3.0% in 2015, with average annual growth set at 3.6% per annum over the medium term.

  • The country's overall trade will grow by 4.4% in real terms in 2015 and will average 4.3% to 2019.

Key Industry Trends

Piracy A Growing Concern: Shipping companies operating in South East Asia are exposed to elevated security risks following the deadly escalation in pirate activity in the region. The deteriorating security situation is underlined by the shooting dead of a seaman on a product tanker off the coast of Malaysia in December 2014. The deteriorating security situation in South East Asian waters heightens risks for shipping companies, their employees, insurance firms, and global trade, and the port of Singapore's clients are particularly exposed, as the vessels on the major East-West shipping routes that pass through the pirate-infested Malacca Straits.

Growth To Slow In 2015: The port of Singapore registered a 4% year-on-year (y-o-y) increase in container traffic to 33.9mn TEUs in 2014, compared with 32.6mn TEUs in 2013, according to data released by the Maritime and Port Authority of Singapore (MPA). Annual vessel tonnage arrivals at the port rose 1.9% y-o-y to 2.37bn gross tonnes in the reported period, with containerships and oil tankers contributing around 30% each to the total vessel tonnage arrived. In 2015 we expect that growth in...

Table of Contents

BMI Industry View
7
SWOT
9
Shipping
9
Political
11
Economic
12
Business Environment
13
Industry Forecast
14
Port Of Singapore Throughput
14
Table: Major Ports Data (Singapore 2011-2018)
19
Table: Trade Overview (Singapore 2011-2018)
19
Table: Key Trade Indicators (Singapore 2011-2018)
20
Table: Top Import Partners, 2004-2012 (USDmn)
21
Table: Top Export Partners, 2004-2012 (USDmn)
22
Market Overview
23
Singapore Container Shipping Market Overview
23
Industry Trends And Developments
29
Company Profile
31
Pacific International Lines (PIL)
31
Pacific Carriers Limited (PCL)
34
APL
36
Shipping - Global Industry View
44
Container Demand:
44
Container Supply:
52
Container Rates:
58
Global Company Strategy
61
Maersk Line
61
Mediterranean Shipping Company (MSC)
71
CMA CGM
77
Evergreen Line
88
COSCO Container Lines Company (COSCON)
95
Macroeconomic Forecasts
102
Macroeconomic Analysis
102
Holding Out Hope In Construction
102
Trade Outlook Not So Bright
103
MAS Stands Pat On Cue
103
Table: Economic Activity (Singapore 2009-2018)
105
Demographic Forecast
106
Table: Singapore's Population By Age Group, 1990-2020 ('000)
107
Table: Singapore's Population By Age Group, 1990-2020 (% of total)
108
Table: Singapore's Key Population Ratios, 1990-2020
109
Table: Singapore's Rural And Urban Population, 1990-2020
109

The Singapore 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 Singapore.

BMI's Singapore 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 Singapore.

Key Benefits

  • Benchmark BMI's independent shipping industry forecasts for Singapore to test other views - a key input for successful budgeting and strategic business planning in the Singaporean shipping market.
  • Target business opportunities and risks in Singapore 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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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc