Business Monitor International


Canada Shipping Report

Published 10 February 2014

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

BMI forecasts Canadian real GDP growth to move just above the 2.2-2.3% long-term trend on average in 2014 and 2015, with expansion of 2.3% and 2.5% in those years, respectively. The ongoing theme for the Canadian economy is 'rebalancing', with growth in early 2013 attributed to improving net exports offsetting weakness in domestic demand (following a 2012 in which consumer spending and fixed investment provided the bulk of growth as net exports dragged). This improvement in exports provides welcome news to the Canadian shipping sector.

We believe that private consumption is set to remain below-trend for the next few years as Canadian households work off a large pile of accumulated debt. We are becoming somewhat concerned at the moribund performance of business investment, but expect an improvement in gross fixed capital formation going into 2014 and 2015, as the recovery in the US buoys corporate sentiment as well as external demand for Canadian exports going into 2014, necessitating further investment.

The main driver of Canada's current account deficit is the trade in goods and services, which makes up just over two-thirds of the deficit. In Q213, the shortfall came in at CAD10.8bn, bringing the deficit to CAD17.8bn for the first half of the year. For the full year, we forecast that the trade and goods account will come in at a deficit of CAD31.1bn in 2013, which will mark a slight improvement from the CAD36.2bn shortfall in 2012. Data for the first seven months of the year show that export growth picked up in June and July, outstripping growth in imports, which will help narrow the deficit in the trade in goods and services.

In 2014, the tonnage throughput picture is mixed in Canada. The out performer in purely year-on-year (y-o-y) terms is set to be the port of Prince Rupert (8.31%), while the port of St John is expected to see the smallest annual rise (0.56%).

Headline Industry Data

  • 2014 Port of Vancouver tonnage throughput forecast to grow 6.0%. We project...

Table of Contents

BMI Industry View
7
Canada - Q114
7
SWOT
9
Canada - Q114
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, 2007-2012, US$mn
24
Table: Top Export Destinations, 2007-2012, US$mn
25
Market Overview
26
Canada Q114
26
Industry Trends And Developments
33
Canada - Q114
33
Company Profile
38
Teekay
38
Shipping - Global Industry View
43
Container Demand: Growth Outlook To Bolster 2014 Box Volumes
43
Container Supply: Overcapacity To Remain An Issue In 2014
53
Container Rates: Volatile As Demand Ticks Up, But Oversupply Remains
62
Table: Shipping Lines' Agents Offices Raided In Russia
67
Global Company Strategy
70
Maersk Line
70
Mediterranean Shipping Company
80
CMA CGM
86
Evergreen Line
94
COSCO Container Lines Company
101
Macroeconomic Forecasts
108
Economic Activity
108
Table: Canada - Gdp By Expenditure, Real Growth %
110
GDP By Expenditure
110
Risks To Outlook
113
Table: Canada Long-Term Macroeconomic Forecasts
114
Demographic Forecast
115
Demographic Outlook
115
Table: Canada's Population By Age Group, 1990-2020 ('000)
116
Table: Canada's Population By Age Group, 1990-2020 (% of total)
117
Table: Canada's Key Population Ratios, 1990-2020
118
Table: Canada's Rural And Urban Population, 1990-2020
118

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