Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | "Singapore Freight Transport Report Q3 2010" now available at Fast Market ResearchRecently published research from Business Monitor International, "Singapore Freight Transport Report Q3 2010", is now available at Fast Market Research
PSA's handling of the situation compares with the 46% and 15% declines in net income suffered by rival operators Dubai Ports World (DP World) and International Container Terminal Services Inc (ICTSI) respectively. Key to the company's relatively strong performance appears to have been vigorous cost management, with the company attributing its success to 'prudent control of capital expenditure and effective cost-cutting measures implemented since the end of 2008'. Singapore freight companies will be lifted by the V-shaped local economic recovery. BMI is predicting GDP growth of 7% this year, against a backdrop of political stability and a strong fiscal position. Perhaps the main issue on the horizon is that the current strong pace of expansion will not be sustainable and we see GDP growth easing down to 4.3% next year as both the US and Chinese economies cool off, and world trade also takes something of a breather. Two transport modes dominate the freight scene locally: airfreight and maritime cargo. The recovery in the first is proving a little more muted than the bounceback for the second. Airfreight volume will gain 3.5% this year, but ease down after that, averaging 2.2% in the five years to 2014. In contrast, total tonnage at the Port of Singapore (POS) will gain 7.9% this year, and average 4.7% in the five years to 2004. We note that both growth rates will lag behind GDP expansion, suggesting the trade-led boom that Singapore enjoyed in the early part of the last decade is easing off somewhat. Singapore's total trade will grow by 11.4% this year in real terms, after an 11.6% contraction in 2009. After restoring last year's lost ground, we expect Singapore to settle down to rather more moderate trade growth. Average annual trade growth in the next five years will be 6.5%, a little ahead of GDP. This year, export growth will be marginally ahead of imports, but over the five-year time span we expect both to be roughly on a par. While our medium-term forecast for the freight sector is quite conservative, we still believe that the major risk, the prospect of a 'double-dip' recession of greater-than- For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: Executive Summary SWOT Analysis - Singapore Freight Transport Industry SWOT - Singapore Political SWOT - Singapore Economic SWOT - Singapore Business Environment SWOT Market Overview - Infrastructure - Rail - Air - Maritime Industry Trends And Developments - Multimodal/Logistics - Air - Maritime Global Oil Products Price Outlook - Table: Oil Product Price Assumptions, Q409-Q410 (US$/bbl) - Table: Oil Product Price Data And Forecasts, 2007-2014 (US$/bbl) Industry Forecast - Maritime Freight - Trade Overview - Table: Air Freight, 2007-2014 - Table: Maritime Freight, 2007-2014 - Table: Trade Overview, 2007-2014 - Table: Key Trade Indicators, 2007-2014 - Table: Main Import Partners, 2002-2008 - Table: Main Export Partners, 2002-2008 Company Profiles - Singapore Airlines (SIA) - Table: Singapore Airlines' Financial Performance - DHL International - Table: DHL's Financial Performance - PSA International BMI Methodology - How We Generate Our Industry Forecasts - Transport Industry - Sources About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|