New Market Report: Singapore Shipping Report Q4 2015

From: Fast Market Research, Inc.
Published: Tue Sep 08 2015

Our projections for the Port of Singapore indicate positive growth rates over the next five years. Gross tonnage in terms of throughput tonnes will expand an average 2.6% yearly from 2015 to 2019. During the same period, box handling capacity and total trade will grow by a y-o-y average of 1.9% and 3.9%, respectively. Negotiations over a possible Trans Pacific Partnership trade deal are advancing and the deal will increase the port's trade flows. Expansion projects at the port are continuing and will help Port of Singapore remain competitive in the evolving industry. Pasir Pejang development phases are under way to allow mega vessels to use the port and a liquefied natural gas (LNG) bunkering project is planned, to provide refuelling services to the increasing number of LNG-fuelled vessels.

Full Report Details at

Headline Industry Data

The port of Singapore's gross tonnage in terms of throughput tonnes will grow by 0.63% in 2015 and will expand an average 2.62% over our medium-term forecast period to 2019.

The port of Singapore's box handling set to fall by 2.29% in 2015, with average annual growth set at 1.8% per annum over the medium term.

The country's overall trade will grow by 1.4% in real terms in 2015 and will average 3.9% to 2019.

Key Industry Trends

Singapore Could Be Back In The Running For First Place : The Trans-Pacific Partnership (TPP) trade deal will further bolster the rapidly expanding maritime trade flows between Asia and Latin America, as well as reviving the transpacific trade route between North America and Asia. With signs that an agreement could be reached as early as end-2015, the TPP poses upside risk to our shipping forecasts for Singapore over the medium and longer term (2015-2024).

The Singapore 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 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

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

About Fast Market Research

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You may also be interested in these related reports:

- Oman Shipping Report Q4 2015
- Brazil Shipping Report Q4 2015
- Vietnam Shipping Report Q4 2015
- Australia Shipping Report Q4 2015
- Venezuela Shipping Report Q4 2015

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

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