Business Monitor International


Canada Shipping Report

Published 20 November 2014

  • 118 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Canada Shipping Report

BMI maintains its positive outlook on the Canadian port sector for 2015. We believe volumes at the country's ports will be driven by increased demand from the US and China for coal imports, as well as by shippers diverting volumes away from US West Coast ports. The ports will also benefit from continued expansion in private consumption. Several facilities have ambitious expansion plans, which will enable them to capitalise on increasing volumes. We expect GDP growth of 2.3% for Canada in 2015.

Headline Industry Data

  • 2015 Port Metro Vancouver tonnage throughput forecast to grow 2.4%. We project throughput to reach 161.7n tonnes in 2019.

  • 2015 Port Metro Vancouver container throughput forecast to contract 5.2% to reach 3.1mn twenty-foot equivalent units (TEUs). Over the medium term, we project throughput to reach 3.9mn TEUs in 2019.

Key Industry Trends

Prince Rupert To Gain From US Transport Woes

Shippers will continue to divert their routes away from US West Coast Ports towards Canada until ongoing labour talks are concluded, which we believe will be before the end of 2014. We have therefore  upgraded our 2014 container throughput growth forecast for the port of Prince Rupert.

Halifax Port's Cargo Tonnage Down 15% In Q214

The Canadian port of Halifax reported a 15% year-on-year (y-o-y) decline to 1.85mn metric tonnes in cargo tonnage in Q214. According to the port authority spokesperson Lane Farguson, the decline in tonnage was contributed by a 29.2% fall in bulk cargo, owing to the closure of the Imperial Oil refinery.

Port Metro Vancouver Need to Up Capacity to Attract US Volumes

Like the port of Prince Rupert, Port Metro Vancouver has also received a modest windfall in container volume thanks to the uncertainties surrounding longshore contract negotiations on the US West Coast, but BMI notes it may have been able to capitalise further had its terminals had more capacity to handle diverted cargo.

Risks To Outlook

We see predominantly downside...

Table of Contents

BMI Industry View
7
SWOT
10
Shipping
10
Political
12
Economic
13
Industry Forecast
14
Port Metro Vancouver Throughput
14
Port Of Montreal Throughput
19
Table: Major Ports Data, 2011-2018
22
Table: Trade Overview, 2011-2018
24
Table: Key Trade Indicators, 2011-2018
25
Table: Top Import Destinations, 2004-2012
26
Table: Top Export Destinations, 2004-2012
27
Market Overview
28
Canada Container Shipping Market Overview
28
Industry Trends And Developments
34
Company Profile
37
Teekay
37
Shipping - Global Industry View
42
Container Demand:
42
Container Supply:
50
Container Rates:
56
Global Company Strategy
59
Maersk Line
59
Mediterranean Shipping Company (MSC)
69
CMA CGM
75
Evergreen Line
86
COSCO Container Lines Company (COSCON)
94
Macroeconomic Forecasts
101
Table: Canada - Economic Activity
103
Demographic Forecast
109
Demographic Outlook
109
Table: Canada's Population By Age Group, 1990-2020 ('000)
110
Table: Canada's Population By Age Group, 1990-2020 (% of total)
111
Table: Canada's Key Population Ratios, 1990-2020
112
Table: Canada's Rural And Urban Population, 1990-2020
112

The Canada Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Canada.

BMI's Canada Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Canada.

Key Benefits

  • Benchmark BMI's independent shipping industry forecasts for Canada to test other views - a key input for successful budgeting and strategic business planning in the Canadian shipping market.
  • Target business opportunities and risks in Canada through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering shipping, major investments and projects and significant multinational and national company developments.

SWOT Analysis

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's shipping sector, which carefully evaluates the short- and medium-term issues facing the industry.

Market Overview

Analysis of the capacity, terminals and planned development of the major ports in each country, including data on throughput and total tonnage.

Industry Forecast Scenario

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and macroeconomic indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).

Company Profiles

Company profiles include business activities, leading products and services, company strategy, trends and developments and economic performance analysis.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc