New Market Research Report: Singapore Shipping Report Q3 2015

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.

Full Report Details at
- http://www.fastmr.com/prod/1004024_singapore_shipping_report_q3.aspx?afid=301

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...

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