Recently Released Market Study: Australia Shipping Report Q3 2012

New Transportation research report from Business Monitor International is now available from Fast Market Research


Boston, MA -- (SBWire) -- 07/31/2012 --There is not much to separate Australia's three main ports by way of tonnage throughput, with the Port of Brisbane set to lead the way in 2012. This scenario is set to change by the end of 2014, when Melbourne is expected to take top spot. Box throughput sees the Port of Melbourne retaining its position in first place, ahead of the domestic competition, which is led by second-placed Sydney. In terms of annual growth, it is the Port of Sydney that is set to record the highest rate with a forecast 4.8% increase this year.

It cannot be underestimated how big a factor the expected slowing in Chinese demand is going to be on key export partners such as Australia. Australian ports will therefore suffer from a projected slowdown in throughput on the back of reduced Chinese demand. Exports of raw materials will be hit as China demands less iron ore and coal, for instance. Even though we believe that the extent of the Chinese hard landing holds the key as to whether or not Australia can avoid a recession in 2012, we have long held that a period of weakness in the Australian economy is highly likely, regardless of the outlook for Chinese demand.

View Full Report Details and Table of Contents

Headline Industry Data

- 2012 Port of Melbourne tonnage throughput forecast to grow 3.26%.
- 2012 Port of Melbourne container throughput forecast to rise 2.39%.
- 2012 Port of Sydney tonnage throughput forecast to increase 4.80%.
- 2012 Port of Sydney container throughput forecast to increase 3.04%.
- 2012 total trade growth forecast to contract by 4.38%.

Key Industry Trends

Oakajee Project: Questions On Viability May Deter China

Mitsubishi Corporation has begun its search for a strategic partner for the Oakajee port and rail project and the Jack Hills iron ore project in Western Australia, it was reported at the end of February 2012. The Japanese conglomerate scheduled Beijing as the first stop for its roadshow in late-February. BMI maintains that there is a still a lot of potential for both projects to face further delays and as such, Chinese investors may be hesitant to take part in the Oakajee and Jack Hills project given their potential lack of economic viability.

China And Australia Iron Ore Port JV Going Ahead Despite Declining Demand

In March 2012, a joint venture (JV) to build an iron ore port in southern Australia received the go ahead with the backing of a Chinese steel maker and Australian iron ore explorer. The new port is to be developed at Port Spencer by Australia's Centrex Metals and China's Wuhan Iron and Steel Company (WISCO). It will accommodate the magnetite iron ore mines and production facility being developed by the two companies in the region and is expected to start exporting in 2015.

Australian Ports Warned Over Urban Encroachment

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Browse all Transportation research reports at Fast Market Research

You may also be interested in these related reports:

- Vietnam Shipping Report Q3 2012
- China Shipping Report Q3 2012
- Egypt Shipping Report Q3 2012
- Malaysia Shipping Report Q3 2012
- Poland Shipping Report Q3 2012
- United Arab Emirates Shipping Report Q3 2012
- Nigeria Shipping Report Q3 2012
- Canada Shipping Report Q3 2012
- Venezuela Shipping Report Q3 2012
- Colombia Shipping Report Q3 2012

Media Relations Contact

Bill Thompson
Director of Marketing

View this press release online at: