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Singapore Shipping Report Q1 2016

Singapore Shipping Report Q1 2016

BMI View: Growth in both the container and tonnage spheres is set to be steady over both the short andmedium term at the port of Singapore. We anticipate box throughput to increase by 1.60% in 2016, whiletonnage throughput is set to grow by 3.10%. We continue to see upside risk presenting towards the end ofour forecast period in the form of the Trans Pacific Partnership trade deal, which is advancing and willincrease the port's trade flows. Singapore also has considerable trade linkages to China, with exposure viaboth domestic export and re-export activity. The port city reaps considerable income from trade servicesrelated to port usage. A slowdown in global trade, rather than a fall in Chinese investment, is the biggestrisk to Singapore, although we would still expect falling Chinese import demand to weigh heavily on dollarinflows, subsequently reducing imports and negatively impacting real GDP growth.

Singapore is also grappling with a restructuring of its domestic labour market, which has put significantpressure on exporters who face stiff competition from the city-state's regional peers. These strains have beenreflected by a particularly poor performance in industrial production, which has contracted in y-o-y termsfor seven straight months (see 'Difficult Trade Outlook As Cyclical, Structural Issues Weigh', September22).


BMI Industry View
SWOT
Shipping
Political
Economic
Operational Risk
Industry Forecast
Port Of Singapore Throughput
Table: Major Ports Data (Singapore 2012-2019)
Table: Trade Overview (Singapore 2012-2019)
Table: Key Trade Indicators (Singapore 2012-2019)
Table: Top Import Partners, 2006-2013 (USDmn)
Table: Top Export Partners, 2006-2013 (USDmn)
Market Overview
Singapore Container Shipping Market Overview
Company Profile
Pacific International Lines (PIL)
Pacific Carriers Limited (PCL)
APL
Shipping - Global Industry View
Bright Spot For Shipping: Low Bunker Prices
Table: BMI Bunker Fuel (IFO180 & MGO) Price Forecast
Short-Term Outlook (three-to-six months)
Long-Term Outlook
Risks To Outlook
Global Company Strategy
Maersk Line
Mediterranean Shipping Company (MSC)
CMA CGM
Evergreen Line
COSCO Container Lines Company (COSCON)
Macroeconomic Forecasts
Economic Analysis
Demographic Forecast
Demographic Outlook
Table: Population Headline Indicators (Singapore 1990-2025)
Table: Key Population Ratios (Singapore 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Singapore 1990-2025)
Table: Population By Age Group (Singapore 1990-2025)
Table: Population By Age Group % (Singapore 1990-2025)

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