Business Monitor International


Canada Shipping Report

Published 15 August 2014

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

Economic growth in Canada will gradually accelerate over the next few years, helped by a continued expansion in private consumption and a return to positive growth in fixed investment. Our growth outlook, however, remains below consensus expectations, reflecting concerns about high household leverage, declining commodity prices and recent weakness in US economic data.

We forecast 2.1% real GDP growth in 2014 and 2.3% growth in 2015. As we have previously noted, our stronger growth forecasts over the next few years by no means represent a firmly optimistic outlook on the economy, as we remain below consensus. Indeed, a recent monthly Bloomberg survey shows consensus expectations of 2.2% and 2.5% in 2014 and 2015 respectively, with this year's reading being a revision from 2.3% previously, suggesting that consensus is slowly converging with our own projection of 2.1% growth for this year.

In 2014, we have pencilled in a very poor year for the Canadian shipping sector due primarily to the industrial action that has significantly affected throughput at Port Metro Vancouver. We anticipate contractions in both tonnage and box terms at the port this year due to the disruption. Meanwhile, the port of Montreal is expected to register year-on-year (y-o-y) growth of just 1.00% in tonnage throughput handled, while box throughput will fare better (2.96%).

Headline Industry Data

  • 2014 Port of Vancouver tonnage throughput forecast to contract 2.81%. We project throughput to reach 131.213mn tonnes in 2018.

  • 2014 Port of Vancouver container throughput forecast to contract 1.00% to reach 2.78mn twenty-foot equivalent units (TEUs). Over the medium term, we project throughput to reach 3.505mn TEUs.

Key Industry Trends

Short-Term Downside On Strike Action, But FTA To Boost Medium Term : Two key developments highlight the mixed outlook for the port of Metro Vancouver over the short and medium term. In the short term, Canada's biggest port is battling industrial action, with a...

Table of Contents

BMI Industry View
7
SWOT
9
Shipping
9
Political
11
Economic
12
Industry Forecast
13
Port Metro Vancouver Throughput
13
Port Of Montreal Throughput
18
Table: Major Port Data, 2011-2018
21
Table: Trade Overview, 2011-2018
22
Table: Key Trade Indicators, 2011-2018
23
Table: Top Import Destinations, 2004-2012
24
Table: Top Export Destinations, 2004-2012
25
Market Overview
26
Canada Container Shipping Market Overview
26
Industry Trends And Developments
32
Company Profile
36
Teekay
36
Shipping - Global Industry View
40
Container Demand:
40
Container Supply:
47
Container Rates:
53
Global Company Strategy
57
Maersk Line
57
Mediterranean Shipping Company (MSC)
70
CMA CGM
75
Evergreen Line
85
COSCO Container Lines Company (COSCON)
92
Macroeconomic Forecasts
99
Economic Analysis
99
GDP By Expenditure
102
Risks To Outlook
103
Table: Canada - GDP By Expenditure, Real Growth %
104
Demographic Forecast
105
Table: Canada's Population By Age Group, 1990-2020 ('000)
106
Table: Canada's Population By Age Group, 1990-2020 (% of total)
107
Table: Canada's Key Population Ratios, 1990-2020
108
Table: Canada's Rural And Urban Population, 1990-2020
108

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