Business Monitor International


United States Shipping Report

Published 10 October 2014

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

BMI maintains its cautiously optimistic view on the US shipping sector. After estimated contractions in TEU throughput at both the port of Los Angeles and the Port of New York/New Jersey in 2013, we forecast a return to growth in 2014 at both facilities. Our view for gradual strengthening in the US economy through end 2014 continues to play out, driven by a tightening labour market and sustained growth in the cyclical components of the economy, notably the residential housing sector and business investment in equipment.

The US economy will accelerate slightly this year, with real GDP growth increasing to 2.1% from 1.9% in 2013. Stronger contributions from personal consumption expenditure growth will be offset somewhat by slower fixed investment growth and a contraction in government spending, as well as a negative contribution from net exports. We believe risks are weighted to the upside across the US economy. The most likely of these risks, we believe, is that a greater-than-expected improvement in the labour market or consumer sentiment leads to much stronger demand for goods and services. Such an outcome could also lead to stronger business investment in capacity and support further housing market growth.

Key Industry Data

  • At the port of Los Angeles (LA) we forecast 2.1% growth year-on-year (y-o-y) in total tonnage in 2014, to reach 64.4mn tonnes.

  • At the East Coast port of New York/New Jersey (NY/NJ), growth is forecast to be 3.1% y-o-y in 2014, to reach 139mn tonnes.

  • We expect LA to record growth of 7.6% in twenty-foot equivalent unit (TEU) throughput in 2014, falling to 8.5mn TEUs.

  • We expect NY/NJ to record a growth of 6.2% in TEU throughput in 2014, to reach 5.8mn TEUs.

Tampa Port Authority Seeks Purchase Of Two Gantry Cranes

On August 19 2014, the Tampa Port Authority voted to initiate negotiations with Shanghai Zhenhua Heavy Industry Company for the purchase of two gantry cranes to be installed at the US port of Tampa Bay. The authority...

Table of Contents

BMI Industry View
7
SWOT
10
Shipping
10
Political
12
Economic
13
Business Environment
14
Industry Forecast
15
Port Of Los Angeles Throughput
15
Port Of New York/New Jersey Throughput
22
Table: Major Ports Data (United States 2012-2018)
27
Table: Trade Overview (United States 2011-2018)
29
Table: Key Trade Indicators (United States 2011-2018)
30
Table: Main Import Partners, USD
32
Table: Main Export Partners, USD
33
Market Overview
34
United States Container Shipping Market Oveview
34
Industry Trends And Developments
40
Company Profile
46
Horizon Lines
46
Shipping - Global Industry View
51
Container Demand:
51
Container Supply:
59
Container Rates:
65
Global Company Strategy
68
Maersk Line
68
Mediterranean Shipping Company (MSC)
79
CMA CGM
85
Evergreen Line
96
COSCO Container Lines Company (COSCON)
104
Macroeconomic Forecasts
111
Economic Analysis
111
Table: GDP By Expenditure (United States 2011-2018)
116
Demographic Forecast
118
Table: The United States' Population By Age Group, 1990-2020 ('000)
119
Table: The United States' Population By Age Group, 1990-2020 (% of total)
120
Table: The United States' Key Population Ratios, 1990-2020
121
Table: The United States' Rural And Urban Population, 1990-2020
121

The United States 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 United States.

BMI's United States 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 United States.

Key Benefits

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