United States Shipping Report

Published 30 June 2015

  • 112 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
United States Shipping Report

BMI View: BMI maintains its cautiously optimistic view on the US shipping sector. We believe 2015 will see the country's major facilities consolidate the growth seen in 2014. Our overall view that the US economy will continue to accelerate remains firmly in place, and we forecast GDP growth of 2.7% in 2015, with growing consumer demand in particular providing a boost to container volumes .

Real GDP growth in the US will accelerate in the coming years, on the back of stronger private consumption and low borrowing costs. We forecast headline growth of 2.9% in 2015 and 2.6% in 2016, up from 2.4% in 2014. The main driver of this growth will be the private sector, with household consumption bolstered by lower inflation, an improved labour market and low borrowing costs.

The outlook for the consumer sector continues to improve as unemployment maintains its broad downward trajectory (at 5.5% in March). This bodes well for container volumes at US ports. Household consumption levels will be further supported by an uptick in personal income levels, which have grown by an average 4.5% y-o-y over the first two months of 2015, compared to an average of 3.9% during 2014. Perhaps even more significantly, consumer price inflation has fallen to the lowest levels seen since 2009, due in large part to the collapse in the oil price, which has contributed to much lower fuel costs. As consumers spend less at the fuel pump, they will benefit from greater discretionary income for other goods, leading to an increase in consumption in real terms.

We believe risks are weighted to the upside across the US economy. The most likely of these risks, we believe, is that a greater than expected improvement in the labour market or consumer sentiment will lead to much stronger demand for goods and services. Such an outcome could also lead to stronger business investment in capacity and support further housing market growth.

Key Industry Data

  • At the port of Los Angeles we forecast 2.5% growth...

Table of Contents

BMI Industry View
5
SWOT
8
Shipping
8
Political
10
Economic
11
Operational Risk
12
Industry Forecast
13
Port Of Los Angeles Throughput
13
Port Of New York/New Jersey Throughput
21
Table: Major Ports Data (United States 2013-2019)
25
Table: Trade Overview (United States 2012-2019)
28
Table: Key Trade Indicators (United States 2012-2019)
28
Table: Main Import Partners 2006-2013, USDmn
30
Table: Main Export Partners 2006-2013, USDmn
30
Market Overview
32
United States Container Shipping Market Overview
32
Company Profile
38
Horizon Lines
38
Shipping - Global Industry View
43
Container Lines To Prosper In 2015
43
Global Company Strategy
48
Maersk Line
48
Mediterranean Shipping Company (MSC)
59
CMA CGM
65
Evergreen Line
75
COSCO Container Lines Company (COSCON)
82
Macroeconomic Forecasts
91
Economic Analysis
91
Table: Economic Activity (United States 2010-2019)
96
Demographic Forecast
97
Table: Population Headline Indicators (United States 1990-2025)
98
Table: Key Population Ratios (United States 1990-2025)
98
Table: Urban/Rural Population & Life Expectancy (United States 1990-2025)
99
Table: Population By Age Group (United States 1990-2025)
99
Table: Population By Age Group % (United States 1990-2025)
100

The United States 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 United States.

BMI's United States 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 United States.

Key Benefits

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