Singapore Freight Transport Industry Update Quarter 3 2012

  • July 2014
  • -
  • Business Monitor International
  • -
  • 100 pages

Includes 3 FREE quarterly updates

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 Gross Domestic Product growth of just 2.6%, versus consensus expectations of 3.6%. With overall exports amounting to well over 200% of Gross Domestic Product, 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 segment . 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 Market 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 projection period.
- The country's overall trade will grow by 2.5% in real terms in 2012, and to average 4.0% to 2016.

Key Market 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 industry player 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 industry player Bengal Tiger Line has appointed Indian shipping services industry player 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 segment 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 industries, 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.

Table Of Contents

Executive Summary . 5
Industry SWOT Analysis . 7
Singapore Freight Transport Industry Environment and Risk Analysis 7
Singapore Political Environment and Risk Analysis . 8
Singapore Economic Environment and Risk Analysis ... 9
Singapore Business Environment SWOT . 10
Industry Trends And Developments 11
Air . 11
Logistics 11
Maritime ... 11

Industry Analysis . 14

Market Projection ... 17

Macroeconomic Data .. 17
Air Freight ... 17
Data : Air Freight, from 2008 to 2016 . 19
Maritime Freight . 19
Data : Maritime Freight - Throughput, from 2008 to 2016 (’000 tonnes) ... 20
Trade ... 20
Data : Trade Overview, from 2008 to 2016 . 21
Data : Key Trade Indicators, from 2008 to 2016 (US$mn) .. 21
Data : Singapore's Main Import Partners, from 2002 to 2009 (US$mn) . 22
Data : Singapore's Main Export Partners, from 2002 to 2009 (US$mn) . 22
World Oil Products Price Outlook ... 23
Data : BMI's Refined Products Projections, from 2010 to 2016 . 23
Political Outlook . 31
Domestic Politics . 31
Long-Term Political Outlook ... 33

Macroeconomic Data ... 36
Data : Singapore - Economic Activity, from 2011 to 2016 ... 38
Company Profiles ... 39
Singapore Airlines Cargo (SIA Cargo) 39
Pacific International Lines (PIL) . 41
Pacific Carriers Limited (PCL) ... 43
MCC Transport 45
World Firms Strategy - APL .. 47
Country Snapshot: Singapore Demographic Data . 52
Data : Singapore's Population By Age Group, 1990-2020 ('000) 53
Data : Singapore's Population By Age Group, 1990-2020 (% of total) ... 54
Data : Singapore's Key Population Ratios, 1990-2020 55
Data : Singapore's Rural And Urban Population, 1990-2020 . 55
BMI Methodology ... 56
How We Generate Our Market Projections .. 56
Transport Market ... 56
Sources 57

View This Report »

Find all the market research you need - instantly, in one place.

+1.2 Million Research Documents & Statistics +200,000 Trusted Public Sources 350 Industries With Global Coverage

24/7 Customer Support

Talk to Amrita

+1 718 303 2019

Purchase Reports From Reputable Market Research Publishers

Transportation Forecast: Medium and Heavy Duty Vehicles

Transportation Forecast: Medium and Heavy Duty Vehicles

  • $ 6 500
  • Industry report
  • June 2014
  • by Navigant Research

Medium and Heavy Duty Hybrid Electric, Plug-In Hybrid Electric, Battery Electric, Natural Gas, Propane Autogas, Fuel Cell, and Conventional Vehicles: Global Market Forecasts, 2014-2035 The global medium ...

Transportation Forecast: Global Fuel Consumption

Transportation Forecast: Global Fuel Consumption

  • $ 6 500
  • Industry report
  • July 2014
  • by Navigant Research

Road Transportation Sector Consumption of Gasoline, Diesel, Biofuels, Natural Gas, Liquefied Petroleum Gas, Electricity, and Hydrogen: Global Market Forecasts, 2014-2035 Reducing the transportation sector's ...

Analysis of the Southeast Asia and Australia-New Zealand Process Safety Systems Market

Analysis of the Southeast Asia and Australia-New Zealand Process Safety Systems Market

  • $ 6 000
  • Industry report
  • July 2014
  • by Frost & Sullivan

Mandatory Regulations Will Drive the Uptake of Safety Systems This research service analyzes the safety systems used in process industries in Southeast Asia and Australia-New Zealand. End users include ...

Global Gas Storage Market

October 2014 $ 6 000

1 Companies

Company Profiles

CMC Markets

United States

ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.