Now Available: Singapore Freight Transport Report Q1 2015

From: Fast Market Research, Inc.
Published: Wed Jan 07 2015

Singapore's role as a global transhipment hub is both a blessing and a curse. In times such as these, when key markets in Europe and the US are either recessionary or growing sluggishly, it can be hit by depleted freight volumes. In 2015, we forecast growth in both port and airport total tonnage volumes, benefitting from the global economic recovery - especially that in the eurozone. Both the port of Singapore and Changi airport are investing considerably, and we are confident of growth over the medium and long term.

Full Report Details at

Headline Industry Data

* 2015 air freight tonnage through Changi International Airport to grow 1.1% after an estaimated 1.1% expansion in 2014. Growth over our forecast period (2015-2019) to average 1.2% a year.
* The Port of Singapore's gross tonnage will grow by 5.3% in 2015, with average annual growth at 5.4% during our forecast period.
* The country's overall trade will grow by 4.5% in real terms in 2015, to average 4.3% to 2019.

Key Industry Trends

Changi Airport Expects Growth Amid Flat Cargo Volumes: Officials at Changi Airport expect a boost in growth despite flat cargo figures in the period from January to September. Cargo tonnage at the airport for the first nine months of 2014 stood at 1.37mn tonnes, representing a growth rate of 0.3%.

SIA Cargo Halves Loss To SGD18mn: SIA Cargo reduced loss to SGD18mn (USD14.40mn) in the three-month period ended June 2014, compared with a SGD40mn (USD32mn) loss in the same period a year before. The company also posted lower revenue in spite of a 0.9% improvement in yield owing to freight market fluctuation.

NOL Registers Loss Of USD23mn In Q314: Singaporean ocean freight services provider Neptune Orient Lines (NOL) registered a loss of USD23mn in Q314 compared with a net profit of USD20mn during the same period a year before due to congestion of ports in Southern California. NOL's revenue for Q3 was posted flat at USD2.06bn.

Key Risks To Outlook

We continue to believe that the main risks for...

The Singapore Freight Transport Report has been researched at source, and features latest-available data covering commercial transport and logistics by road, rail, air and water; industry forecasts, company rankings covering leading national and multinational operators; and analysis of latest industry trends, opportunities, projects and regulatory changes.

Business Monitor International (BMI)'s Singapore Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Singaporean freight transport and logistics industry.

Key Benefits

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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Contact Phone: 1-413-485-7001

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