Headline Industry Data
* Port of Singapore's gross tonnage will rise by 8.7% in 2011, with average annual growth of 4.7% during our forecast period. * Port of Singapore box handling set to grow 11.3% in 2011, with average annual growth of 5.6% over our forecast period. * The country's overall trade will grow by 6.3% in real terms this year.
Key Industry Trends
Singapore's MPA And PSA Launch US$16mn Port R&D Scheme - Singapore's Maritime Port Authority (MPA) and global port operator PSA International have signed a memorandum of understanding to conduct research and development to test new container terminals technology. Development of automated guided vehicles for future container terminals to reduce manpower and improve port productivity will be one focus of the project, as well as developing intelligent systems to streamline port planning and operations.
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Singapore Container Volumes On The Up - The port of Singapore moved higher container volumes in March, according to preliminary estimates from the local port authority. March results recorded a rise both month-on-month and year-on-year.
Total throughput volumes were recorded at 2.5mn 20-foot equivalent units (TEUs) in March, up from 2.15mn TE car news Us in February. Last month's volume also rose from 2.41mn TEUs in March 2010, according to data from the Maritime and Port Authority of Singapore. In the first three months of this year, Singapore port moved a total of 7.06mn TEU containers, ahead of the 6.93mn TEUs in the same period of 2009.
Key Risks To Outlook
The main risk to our outlook here is on the upside, with rising intra-Asia trade volumes, bolstered by the ASEAN-5's recent FTA with China, set to ensure further development in the country's freight transport sector in order to ensure it keeps up with demand.
Report Table of Contents:
SWOT Analysis - Singapore Shipping SWOT Global Overview - Container Industry Overview - Drivers - Bellwethers - Rates - Players - Dry Bulk Shipping Overview - Drivers - Capacity - Rates - Liquid Bulk Shipping Overview - Drivers - Capacity - Rates - Players - Geopolitical Developments Industry Trends and Developments Market Overview - Port of Singapore - Overview - Terminals, Storage And Equipment - Expansions And Developments - Multi-Modal Links Industry Forecast - Table: Major Port Data - Table: Trade Overview - Table: Key Trade Indicators& aston martin #13; - Table: Main Import Partners - Table: Main Export Partners Company Profiles - MCC Transport - Pacific International Lines (PIL) - Pacific Carriers Limited (PCL) - Maersk Line - Mediterranean Shipping Company (MSC) - CMA CGM - Hapag-Lloyd - Evergreen Line - APL - CSAV - COSCO Container Lines Company Limited (COSCON) - Hanjin Shipping (Container Operations) - China Shipping (CSCL)
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