(MENAFNEditorial)
Singapore's role as a global transhipment hub is both a blessing and a curse. In times such as these when key markets in Europe and the US are either recessionary or growing sluggishly it can be hit by depleted freight volumes. In 2015 we forecast growth in both port and airport total tonnage volumes benefitting from the global economic recovery - especially that in the eurozone. Both the port of Singapore and Changi airport are investing considerably and we are confident of growth over the medium and long term.
Headline Industry Data
* 2015 air freight tonnage through Changi International Airport to grow 1.1% after an estaimated 1.1% expansion in 2014. Growth over our forecast period (2015-2019) to average 1.2% a year.
* The Port of Singapore's gross tonnage will grow by 5.3% in 2015 with average annual growth at 5.4% during our forecast period.
* The country's overall trade will grow by 4.5% in real terms in 2015 to average 4.3% to 2019.
Full Report Details at
- http://www.fastmr.com/prod/938450_singapore_freight_transport_report_q1_2015.aspx?afid=101
Key Industry Trends
Changi Airport Expects Growth Amid Flat Cargo Volumes: Officials at Changi Airport expect a boost in growth despite flat cargo figures in the period from January to September. Cargo tonnage at the airport for the first nine months of 2014 stood at 1.37mn tonnes representing a growth rate of 0.3%.
SIA Cargo Halves Loss To SGD18mn: SIA Cargo reduced loss to SGD18mn (USD14.40mn) in the three-month period ended June 2014 compared with a SGD40mn (USD32mn) loss in the same period a year before. The company also posted lower revenue in spite of a 0.9% improvement in yield owing to freight market fluctuation.
NOL Registers Loss Of USD23mn In Q314: Singaporean ocean freight services provider Neptune Orient Lines (NOL) registered a loss of USD23mn in Q314 compared with a net profit of USD20mn during the same period a year before due to congestion of ports in Southern California. NOL's revenue for Q3 was posted flat at USD2.06bn.
Key Risks To Outlook
We continue to believe that the main risks for...
The Singapore Freight Transport Report has been researched at source and features latest-available data covering commercial transport and logistics by road rail air and water; industry forecasts company rankings covering leading national and multinational operators; and analysis of latest industry trends opportunities projects and regulatory changes.
Business Monitor International (BMI)'s Singapore Freight Transport Report provides industry professionals and strategists sector analysts investors trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Singaporean freight transport and logistics industry.
Key Benefits
* Benchmark BMI's independent freight transport industry forecasts on Singapore to test other views - a key input for successful budgetary and planning in the strategic freight transport market.
* Target business opportunities and risks in the Singaporean freight transport sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Singapore.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. SWOTs KPIs and latest activity).
Coverage
BMI Industry View
Summary of BMI's key industry forecasts views and trend analysis covering freight transport and logistics regulatory changes major investments and projects and significant national and multinational company developments.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the freight sector and within the broader political economic and business environment.
Industry Trends And Developments
Analysis of latest projects across the freight transport sector (road rail air sea and logistics) including market overview which provides an outline of the key elements driving development.
BMI Industry Forecasts
Historic data series and forecasts to end-2018 for all key industry and macroeconomic indicators supported by explicit assumptions plus analysis of key downside risks to the main forecast including:
Transport Sector: Sector Value (US$bn); sector real growth (%); employment (`000); total freight carried by road rail inland waterways maritime air and pipeline (mn tonnes-km/mn tonnes)
Trade: Exports and imports (US$mn) by category of goods (manufactured goods food chemicals etc.); top-5 import and export trade partners (US$mn); imports/exports to each global region (US$mn)
Port Data: Throughput (`000 tonnes) and container throughput (TEU) for all major ports in the state
Oil Products Prices: Price forecasts for gasoline and aviation fuel (US$/bbl) at all major global energy trading hubs
Economic Indicators: Nominal GDP (US$bn); real GDP growth (%); GDP per capita (US$); industrial production (%); unemployment (%)
Market Overview
Details of the freight infrastructure in each state by segment (road rail air water and pipelines). Full analysis of the competitive landscape within each segment.
Political Outlook
The freight reports contain a chapter detailing the political outlook of a given region examining the domestic politics long-term outlook and foreign policy and assessing the impact this could have on freight and transport businesses.
Company Profiles
Examines the short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT (Strengths Weaknesses Opportunities and Threats) analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles enabling a full evaluation of recent company performance and future growth prospects.
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