Recent Study: Singapore Shipping Report Q3 2014

Our outlook for the port of Singapore for 201 4 is that it will not overtake the port of Shanghai for the crown of the world's largest container port. We now see such a scenario as unlikely to fall out, and we believe that Shanghai will increase its lead over Singapore, not only this year but over our medium-term forecast period to 201 8 .

Nevertheless, growth in Singapore will remain positive, buoyed by a return to growth (albeit tentative and uneven) in Europe, and the ongoing recovery in the US. Since our last report we have significantly upgraded our tonnage handling forecast for the port, on the back of Q1 data, doubling from 3.2% to the current 7.5% projection.

Headline Industry Data

* Port of Singapore's gross tonnage will grow by 7.2% in 2014 and will expand an average 5.4% over our medium-term forecast period to 2018.

* Port of Singapore box handling set to grow by 3.5% in 2014, with average annual growth set at 3.0% per annum over the medium term.

* The country's overall trade will grow by 3.4% in real terms in 2014 and will average 4.1% to 2018.

Full Report Details at
- http://www.fastmr.com/prod/836171_singapore_shipping_report_q3_2014.aspx?afid=301

Key Industry Trends

Beefing Up To Meet LNG Hub Ambitions

Singapore is racing to establish itself as the region's gas trading hub as gas demand, particularly in liquefied natural gas (LNG), grows. The city-state possesses advantages in several areas that position it well for such a role, despite growing competition from Malaysia. Singapore's key role as a shipping hub positions it well.

Container Port Registers 7.2% Rise In Box Volumes

Singapore's container port registered a 7.2% year-on-year (y-o-y) increase in box volumes to 2.83mn twenty-foot equivalent units (TEUs) in March, compared with 2.64mn TEUs in the same month in 2013. The port posted a rise of 17.4% month-on-month (m-o-m) in box volumes in March, compared with throughput of 2.41mn TEUs recorded in February.

MPA, PSA Sign MoU

A memorandum of understanding (MoU) has been signed between the Maritime and Port Authority of...

The Singapore Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'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

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