DUBLIN--(BUSINESS WIRE)--Dublin - Research and Markets (http://www.researchandmarkets.com/research/f707e235/canada_shipping_re) has announced the addition of the "Canada Shipping Report Q2 2012" report to their offering.
We estimate that Canada's economy grew by 2.4% in real terms in 2011, which was a challenging and volatile year by any measure. We expect to see growth of around 1.6% in H112, followed by a steady reacceleration over the course of H212, leading to a full-year average growth figure of 2.0% for 2012. This trend should continue into 2013, when we expect GDP growth of 2.5%. Our outlook for Canada's shipping sector remains positive, with volumes set to be boosted by increasing imports as well as coal exports.
Headline Industry Data:
- 2012 Port of Vancouver tonnage throughput forecast to grow 2.7%. Over the medium term we project average annual growth of 2.6% to reach 138.37mn tonnes in 2016.
- 2012 Port of Vancouver container throughput forecast to grow 5.6% in 2012. Over the medium term we project a 5.4% increase to reach 3.26mn twenty-foot equivalent units (TEUs) in 2016.
Key Industry Trends:
DP World Increases Exposure To Canada As Imports Remain Strong DP World is expanding its operations in Canada, having signed an agreement to operate the port of Port of Nanaimo's facilities. BMI believes the move is a positive step, as the country's imports remain strong. We caution, however, that Canada has yet to recover its pre-downturn export levels.
Canadian Ports Witness Decline In US-Bound Containerised Cargo Four Canadian ports - Prince Rupert, Vancouver, Halifax and Montreal - have reported a decline in their share of US-bound containerised cargo between 2000 and 2010. During a Federal Maritime Commission (FMC) inquiry, the ports revealed that their share of US-bound containers stood at 2.5% in 2010, compared with 3.2% in 2000. In contrast, US ports handled more than 8% of containers destined for Canada.
Companies Mentioned:
- Teekay
- Maersk Line
- Mediterranean Shipping Company (MSC)
- CMA CGM
- COSCO Container Lines Company Limited (COSCON)
- Hapag-Lloyd
- APL
- Evergreen Line
- China Shipping Container Line (CSCL)
- Hanjin Shipping (Container Operations)
- Mitsui OSK Lines (MOL) (Container)
For more information visit http://www.researchandmarkets.com/research/f707e235/canada_shipping_re