Dallas, TX -- (SBWIRE) -- 09/16/2013 -- Our outlook for the port of Singapore for 2013 remains that it will not overtake the port of Shanghai for the crown of the world's largest container port, as we had envisaged several quarters ago. We now see such a scenario as unlikely to fall out, and we have revised down our outlook for growth in box handling in 2013 further, now forecasting growth of just 1.0%, compared with last quarter's forecast of 1.4% growth. This is based on poor monthly data coming out of the port, and the worsening outlook in the eurozone. We have revised down our GDP growth forecast for the currency bloc to a decline of 0.5%.
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Headline Industry Data
Port of Singapore's gross tonnage will fall by 1.6% in 2013, with average annual growth at 1.6% during our forecast period to 2017.
Port of Singapore box handling set to grow by 1.0% in 2013, with average annual growth set at 3.2% per annum over the medium term.
The country's overall trade will grow by 1.6% in real terms in 2013, and will average 3.8% to 2017.
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Few Points from TOC:
BMI Industry View. 7
Business Environment. 13
Industry Forecast. 14
Port Of Singapore Throughput. 14
Market Overview. 23
Singapore Container Shipping Market Overview. 23
Industry Trends And Developments . 28
Company Profile. 30
Pacific International Lines (PIL). 30
Pacific Carriers Limited (PCL). 33
Shipping - Global Industry View . 35
Box Supply: Overcapacity Remains, But ETRs Offer Hope . 35
Box Rates: Tough 2013, ETRs Remain The Ones To Watch . 46
Box Demand: Static Outlook Continues, But 2014 Looks Brighter . 53
Global Company Strategy. 64
Maersk Line. 64
Mediterranean Shipping Company. 73
CMA CGM. 78
Evergreen Line. 87
COSCO Container Lines Company. 94
Macroeconomic Forecasts. 99
Macroeconomic Forecast. 99
Post Global Crisis Rebound Proof Of Structural Resilience . 101
Economy Facing Unique Risk Of Worsening Labour Crunch . 101
Consequences: A Mixed Bag. 103
Cost Competitiveness At Risk. 103
Expenditure Breakdown. 105
Demographic Forecast. 106
Demographic Outlook. 106
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