Business Monitor International


Mexico Shipping Report

Published 01 April 2014

  • 103 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Mexico Shipping Report

BMI remains optimistic toward Mexico's long-term growth outlook on the back of a booming manufacturing sector, an increasingly strong private consumer and favourable demographics. As a result, we retain a cautious optimism towards the country's shipping sector.

We forecast real GDP growth in Mexico to accelerate from 1.1% in 2013 to 3.3% in 2014 and 3.7% in 2015. Following ongoing contractions in the construction sector and a slump in manufactured goods exports growth in late 2013 and early 2014 due to weather-related disruptions to production, we expect economic activity to re-accelerate in the coming months. Stronger public investment into infrastructure, after a government transition last year resulted in spending delays, will ensure the construction sector recovers from the contraction it experienced in 2013.

Ongoing signs of stronger US consumption bode well for Mexico's manufacturing sector, and we expect manufactured goods, especially those related to the autos segment, to pick up in the coming quarters. An improvement in construction and manufacturing will bolster labour dynamics, which underpin our expectations for private consumption growth to accelerate both in 2014 and 2015.

Headline Industry Data

  • Port of Manzanillo total tonnage growth in 2014 forecast to be 6.2%, reaching 30.5mn tonnes.

  • Port of Veracruz total tonnage growth in 2014 forecast to be 7.5%, reaching 20.8mn tonnes.

  • Mexico trade real growth forecast at 3.9% in 2014.

Key Trends And Developments

Shipowners W arned O n D rug C artel Presence At Mexican ports

Shipowners, charters and traders have been warned to check iron ore export cargoes from Mexico are 'legally safe' due to the believed involvement of drug cartels in the country's mining industry. BMI notes that last year, in response to increased criminal activity, the Mexican navy took control of two major ports; Manzanillo and Lazaro Cardenas, located in the states Colima and Michoacán respectively.

Maersk Line To...

Table of Contents

BMI Industry View
7
SWOT
8
Shipping
8
Business Environment
9
Economic
10
Political
11
Industry Forecast
12
Port of Manzanillo
12
Port of Veracruz
14
Table: Major Port Data
16
Table: Trade Overview
17
Table: Key Trade Indicators
18
Table: Main Import Partners (US$mn)
19
Table: Main Export Partners (US$mn)
19
Market Overview
20
Mexico Container Shipping Market Overview
20
Industry Trends And Developments
28
Global Industry Overview - Container Shipping
30
Demand: Global Box Outlook Brightening
30
Supply: Overcapacity To Remain As More Megas Saturate The Market
41
Table: Container Line Mega-Vessel Newbuild Plans
43
Rates: A Strong Start, But Rate Management Must Continue
46
Table: 2012 SCFI Europe Base Port Average Freight Rate Overview
50
Table: 2012 SCFI USWC Base Port Average Freight Rate Overview
50
Global Industry Overview - Dry Bulk Shipping
51
Demand: Stimulus Blip Playing Out, But For How Long-
51
Supply: Dry Bulk Fleet growth Slipping, But Overcapacity Still A Problem
56
Table: China Iron Ore Trade Partners Overview
62
Table: China Coal Trade Partners Overview
62
Global Industry Overview - Liquid Bulk Shipping
63
Improving Fundamentals In Dirty Tanker Market
63
Tonne-Mile Growth To Support Product Tanker Sector
66
LNG Boom To Stall In 2013
69
Global Company Strategy
72
Maersk Line
72
Mediterranean Shipping Company
81
CMA CGM
86
Evergreen Line
94
COSCO Container Lines Company
100
Hapag-Lloyd
107
Hanjin Shipping
113
APL
118
China Shipping Container Line (CSCL)
125
Mitsui OSK Lines
132
Macroeconomic Forecasts
137
Table: Mexico - GDP Contribution To Growth
144
Demographic Forecast
145
Table: Mexico's Population By Age Group, 1990-2020 ('000)
146
Table: Mexico's Population By Age Group, 1990-2020 (% of total)
147
Table: Mexico's Key Population Ratios, 1990-2020
148
Table: Mexico's Rural And Urban Population, 1990-2020
148

The Mexico 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 Mexico.

BMI's Mexico 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 Mexico.

Key Benefits

  • Benchmark BMI's independent shipping industry forecasts for Mexico to test other views - a key input for successful budgeting and strategic business planning in the Mexican shipping market.
  • Target business opportunities and risks in Mexico 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