- Language: English
- 511 Pages
- Published: May 2008
- Region: Global
Singapore Freight Transport Report Q3 2012
- Published: June 2012
- Region: Singapore
- 58 pages
- Business Monitor International
The Singapore Freight Transport Report provides industry professionals and strategists, corporate analysts, freight transportation associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Singapore's freight transportation industry.
We continue to see Singapore entering technical recession as the economy contracts in Q112, and see continued weakness in H212. This will result in full-year real GDP growth of just 2.6%, versus consensus expectations of 3.6%. With overall exports amounting to well over 200% of GDP, a slump in global trade and financial services will obviously take its toll on growth. This will take an equal effect on the country's freight transport sector. Singapore's pre-eminence as a transhipment hub leaves it particularly susceptible to global headwinds. Although the Port of Singapore had positive news in that its first-quarter throughput matched that of Shanghai, we maintain our view that growth will remain sedate through the year.
Headline Industry Data
- Air freight tonnage growth will fall to 0.9% in 2012 from 2.8% in 2011. Growth will average 1.2% to 2016.
- The Port of Singapore's gross tonnage will rise by 1.2% in 2012, with average annual growth at 2.8% during our forecast period.
- The country's overall trade will grow by 2.5% in real terms in 2012, and to average 4.0% to 2016.
Key Industry Trends SIA To Manage Scoot Cargo Capacity Singapore-based air carrier Singapore Airlines Cargo (SIA) is planning an expansion of its services by utilising the 10 tonne belly hold capacity found on the Boeing 777-200 aircraft used by its new budget airline Scoot.
APL Joins Its Rivals In The Red Like its peers, Singapore's APL, the liner shipping business of Neptune Orient Line (NOL), remained in the red for the first quarter of 2012. The company is, however, already addressing the causes of its continued losses by reducing fuel consumption and increasing its coverage of emerging trade routes (ETRs), where growth is high and which are less affected by rate declines.
Bengal Tiger Line Appoints Indian Shipping Agent Singaporean shipping company Bengal Tiger Line has appointed Indian shipping services company Samsara Shipping as its agent in Nhava Sheva, Mundra, reports Transport Weekly. The appointment is intended to develop Bengal Tiger Line's operations in the region.
Key Risks To Outlook We continue to believe that the main risk for Singapore's freight transport sector lies on the downside, and stems from a worsening global economic performance. This dynamic city-state economy depends critically on its US, eurozone, and mainland China export markets, and each of those three faces varying degrees of downside economic risks. Further, the country's Port of Singapore and Changi Airport both handle huge volumes of transhipment volumes, which could be affected as the global economy slumps. SHOW LESS READ MORE >
Executive Summary 5
SWOT Analysis 7
Singapore Freight Transport Industry SWOT 7
Singapore Political SWOT 8
Singapore Economic SWOT 9
Singapore Business Environment SWOT 10
Industry Trends And Developments 11
Market Overview 14
Industry Forecast 17
Macroeconomic Outlook 17
Air Freight 17
Table: Air Freight, 2008-2016 19
Maritime Freight 19
Table: Maritime Freight – Throughput, 2008-2016 (’000 tonnes) 20
Table: Trade Overview, 2008-2016 21
Table: Key Trade Indicators, 2008-2016 (US$mn) 21
Table: Singapore's Main Import Partners, 2002-2009 (US$mn) 22
Table: Singapore's Main Export Partners, 2002-2009 (US$mn) 22
Global Oil Products Price Outlook 23
Table: BMI's Refined Products Forecasts, 2010-2016 23
Political Outlook 31
Domestic Politics 31
Long-Term Political Outlook 33
Macroeconomic Outlook 36
Table: Singapore - Economic Activity, 2011-2016 38
Company Profiles 39
Singapore Airlines Cargo (SIA Cargo) 39
Pacific International Lines (PIL) 41
Pacific Carriers Limited (PCL) 43
MCC Transport 45
Global Company Strategy - APL 47
Country Snapshot: Singapore Demographic Data 52
Table: Singapore's Population By Age Group, 1990-2020 ('000) 53
Table: Singapore's Population By Age Group, 1990-2020 (% of total) 54
Table: Singapore's Key Population Ratios, 1990-2020 55
Table: Singapore's Rural And Urban Population, 1990-2020 55
BMI Methodology 56
How We Generate Our Industry Forecasts 56
Transport Industry 56