- Language: English
- Published: August 2012
- Region: Australia
Australia Shipping Report
- ID: 2076480
- March 2012
- Region: Australia
- 129 Pages
- Business Monitor International
Business Monitor International's Australia Shipping Report provides industry professionals and strategists, corporate analysts, shipping associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Australia's shipping industry.
Leading the way in terms of tonnage throughput in 2012 will be the Port of Brisbane, just about shading it from the Port of Melbourne, although this scenario is set to change by the end of 2014. Box throughput sees the Port of Melbourne retaining its position in first place, ahead of the domestic competition which is led by second-placed Sydney.
The dominating theme over the short and medium term can be summed up in one word: China. The country is Australia's most important trade partner and any hard landing, as we expect to see, would have a detrimental impact on Australia's shipping industry. In early January, however, we reported that monetary conditions in China are easing, posing a significant risk to our bearish near-term view on economic growth. This has had a knock-on effect on our forecast for 2012, and we now predict a year-onyear (y-o-y) rise in tonnage throughput of 4.80% at the Port of Sydney, contrasted with our previous forecast of a contraction. As for the Port of Melbourne, we expect to see a slightly lower tonnage throughput growth in 2012 of 3.26%.
Headline Industry Data:
- 2012 Port of Melbourne tonnage throughput forecast to grow 3.26%.
- 2012 Port of Melbourne container throughput forecast to rise 2.39%.
- 2012 Port of Sydney tonnage throughput forecast to increase 4.80%.
- 2012 Port of Sydney container throughput forecast to increase 4.30%.
2012 total trade growth forecast to contract by 4.26%.
Key Industry Trends:
Newcastle To Focus On Grain Diversification
Diversification appears to be the order of the day for the coal export-dominated Port of Newcastle, after it was reported that the port is planning to increase its exposure to the agribusiness sector with the construction of a new agricultural export terminal. We believe this is a wise strategy, considering that the Australian state of New South Wales, where the port is located, is the country's second largest producer of wheat.
Mitsubishi Moves To Save Oakajee
Timely, But More Delays Expected Mitsubishi Corporation's subsidiary Mitsubishi Development reached an agreement in November 2011 to acquire Murchison Metal's 50% stake in the Oakajee port and rail project for AUD325mn (US$317mn). The acquisition will mean that Mitsubishi will completely own the joint venture (JV) entities for the two projects - Oakajee Port and Rail (OPR) and Crosslands Resources - paving the way for the company to finalise key implementation agreements with the West Australia (WA) state government.
Continued Industrial Action Affecting Port Adelaide
An industrial dispute between Australian dockworkers and terminal operators was ongoing at the time of writing (early January 2012), with Port Adelaide the latest facility to be affected and perhaps the most at risk from the strike action. The facility is currently the only container port in South Australia and it risks losing what business it has, as shippers will look to maintain their supply lines.
Risks To Outlook:
Risks in the near term are on the downside. The aforementioned reliance on China and the slowdown expected in the country, as well as potential industrial action at certain Australian ports all present risk to our outlook. In regards to the latter issue, the industrial dispute between Australian dockworkers and terminal operators must be resolved soon if the country's shippers are not to suffer significant losses as a result of continuing disruptions. Port Adelaide was the latest facility to be affected by the dispute at the time of writing.
In 2011, the Maritime Union of Australia (MUA) spent months bargaining with the terminals operator for improved pay and conditions for employees. The MUA demands that conditions must be improved following the deaths of three dockworkers in 2010.
However, in the mid term, upside risks are on the horizon. The Port of Newcastle announced at the end of 2011 that it was to diversify away from coal to agribusiness, with the construction of a new agricultural export terminal. Aside from this, the Oakajee port and rail project is scheduled to begin construction in Q112 and to commence operations by 2015, though this could be subject to change following problems with financing. SHOW LESS READ MORE >
Australia Shipping SWOT
Australia Political SWOT
Australia Economic SWOT
Australia Business Environment SWOT
Global Shipping Overview
Replay Of 2009 Threatens As Carriers Face Twin Threats Of Declining Demand And Overcapacity
Overcapacity And Declining Demand To Collide, Asia-Europe Most Exposed
Liner Strategies Indicate Carriers Preparing For The Worst
What Is Wan Hai Lines Doing Right?
Asia-Europe Landbridge To Take Market Share, But Not Usurp Shipping
Container Shipping Must Meet Green Challenge Now
Dry Bulk Faces Bleak 2012, Chinese Slowdown Threatens Sector Already In Troubled Waters
Possibility Of Chinese Slowdown Presents Real Risk To Dry Bulk Shipping
One Vale Mega-Vessel Calls To China, Remains Unclear If Rest Will Follow
Dry Bulk Lines Suffering; Another Chinese Firm Withholds Charter Payments
Oversized Dry Bulk Fleet To Continue Growing
Liquid Bulk Survival Tactics Deployed In Force In 2012
2012 Outlook For Crude Oil Tankers Remains Poor
Frontline 2012 To Be Consolidating Force In Supertanker Sector
Industry Trends And Developments
Australia Container Market Overview
Port Of Melbourne Throughput Overview
Port Of Sydney Throughput Overview
Table: Major Port Data – Throughput, 2010-2016
Table: Trade Overview, 2007-2016
Table: Key Trade Indicators, 2007-2016 (US$mn and % change y-o-y)
Table: Australia's Main Import Partners, 2002-2009 (US$mn)
Table: Australia's Main Export Partners, 2002-2009 (US$mn)
Australian National Lines
Mediterranean Shipping Company (MSC)
COSCO Container Lines Company Limited (COSCON)
China Shipping Container Line (CSCL)
Hanjin Shipping (Container Operations)
Mitsui OSK Lines (MOL) (Container)
- Australian National Lines
- Maersk Line
- Mediterranean Shipping Company (MSC)
- CMA CGM
- COSCO Container Lines Company Limited (COSCON)
- Evergreen Line
- China Shipping Container Line (CSCL)
- Hanjin Shipping (Container Operations)
- Mitsui OSK Lines (MOL) (Container)