New Market Research Report: Australia Shipping Report Q2 2015

The headwinds are beginning to circle around the Australian economy and, by extension, the country's shipping industry, this is especially the case over the short-term. Growth will be muted at the country's main ports in 2015 with the port of Fremantle leading the way in terms of year-on-year (y-o-y) tonnage growth of 3.40% and box throughput growth of 3.70%. Meanwhile, the port of Melbourne will finally see positive growth return after two years of stagnation. We have decided to stick to last quarter's forecasts across the board.

In terms of the wider economy, although net exports are now beginning to contribute positively to growth in real terms - indeed, exports expanded at an 11.3% quarter-on-quarter (q-o-q) seasonally adjusted annual rate (SAAR) in Q3 2014, while imports contracted by 3.7%. However, this merely represents the difficulty that the Australian economy will face in rebalancing its external accounts amid deterioration in its terms of trade.

Full Report Details at
- http://www.fastmr.com/prod/956833_australia_shipping_report_q2_2015.aspx?afid=301

Headline Industry Data

* 2015 port of Melbourne tonnage throughput forecast to grow 1.60%.
* 2015 port of Melbourne container throughput forecast to rise 1.10%.
* 2015 port of Sydney tonnage throughput forecast to increase 1.42%.
* 2015 port of Sydney container throughput forecast to increase 3.60%.
* 2015 port of Brisbane tonnage throughput forecast to rise 2.60%.
* 2015 port of Brisbane container throughput forecast to grow 3.00%
* 2015 total trade growth forecast to grow by 3.34%.

Key Developments

LNG Export Operations Begin At Gladstone Port: Loading operations have commenced at the port of Gladstone for the export of the first liquefied natural gas (LNG) cargo shipment from Queensland, Australia, it was announced in Q4 2014. The Methane Rita Andrea, which was being loaded at British gas major BG Gas' Queensland Curtis LNG facility, will carry the first shipment of LNG cargo. Acting Premier Tim Nicholls said: 'This vitally important first shipment signifies the start of the production phase for...

The Australia 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 Australia.

BMI's Australia 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 Australia.

Key Benefits

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Venezuela Shipping Report Q2 2015
- Oman Shipping Report Q2 2015
- United Arab Emirates Shipping Report Q2 2015
- Malaysia Shipping Report Q2 2015
- Qatar Shipping Report Q2 2015