Australia Shipping Industry Update Quarter 3 2012
$ 1 088
- May 2013
- by Business Monitor International
- 142
Includes 3 FREE quarterly updates
The Australian economy continued to grow at the end of 2012 (0.6% quarter-on-quarter in seasonally
adjusted terms) with this performance supported by the improvement in export performance. However,
BMI does not expect external demand to remain resilient in 2013, impacting the country's shipping sector,
and we believe that the soft domestic economy will also weigh on headline growth, which we expect to
slow to 2.1%. That said, we see upside risks to 2013 GDP stemming from the potential for politicians to
undertake more aggressive spending than we have pencilled in as the September elections draw closer.
Chinese demand remains a hugely important factor in determining the strength of Australia's shipping
sector, with exports to the Asian powerhouse accounting for US$33.5bn in 2009, according to the IMF
Direction of Trade Statistics. The weaker reading of China's Purchasing Managers' Index (PMI) in January,
which continued its decline to 50.4 from 52.3 in December 2012, suggests that initial optimism surrounding
a quick recovery may be unfounded.
BMI Industry View 7
SWOT 10
Shipping 10
Political 12
Economic 13
Business Environment 14
Industry Forecast 16
Port Of Melbourne Throughput 16
Port Of Sydney Throughput 19
Table: Major Port Data 22
Table: Trade Overview 23
Table: Key Trade Indicators 24
Table: Main Import Partners (US$mn) 25
Table: Main Export Partners (US$mn) 25
Market Overview 26
Australia Container Shipping Market Overview 26
Industry Trends And Developments 33
Company Profile 38
Australian National Lines 38
Global Industry Overview - Container Shipping 41
Demand: Slow Start To 2013 41
Supply: Capacity To Outweigh Demand Uptick 50
Table: Top 20 Container Line Newbuild Plans 52
Rates: Alarm Bells Sounding 54
Table: 2012 And 2013 SCFI Europe Base Port Average Freight Rate Overview, Q112-Q113 61
Table: 2012 And 2013 SCFI USWC Base Port Average Freight Rate Overview, Q112-Q113 62
Global Industry Overview - Dry Bulk Shipping 63
Demand : Stimulus Benefit Dries Up, Tough Outlook Ahead 63
Supply: Fleet Expansion Slowing, But Overcapacity Still The Key Worry 71
Table: Dry Bulk Vessel Class Overview 76
Global Industry Overview - Liquid Bulk Shipping 77
Baltic Dirty Tanker Index Under Pressure 77
VLCCs Outlook 82
Bloomber Tanker Index story 84
Product Tankers 89
Global Company Strategy 96
Maersk Line 96
Mediterranean Shipping Company 105
CMA CGM 112
Evergreen Line 120
COSCO Container Lines Company 127
Macroeconomic Forecasts 133
Signs Of Overheating Weigh On Infrastructure Investments 134
Weakness In Other Sectors Further Weighing Down Economy 135
Austerity Measures To Be Reversed 136
Table: Australia - Economic Activity 138
Demographic Forecast 139
Table: Australia's Population By Age Group, 1990-2020 ('000) 140
Table: Australia's Population By Age Group, 1990-2020 (% of total) 141
Table: Australia's Key Population Ratios, 1990-2020 142
Table: Australia's Rural And Urban Population, 1990-2020 142