United States Shipping Report

 Published On: Jan, 2014 |    No of Pages: 125 |  Published By: BMI Shipping | Format: PDF
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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.
We continue to believe that the US consumer is slowly - and sometimes unsteadily - gaining momentum
after several years of weak activity, providing a welcome boost to container volumes at US ports. A steady
improvement in consumer confidence during the first nine months of 2013 also reinforces our view that
private consumption will accelerate in 2014. As confidence improves, we expect consumers to be relatively
more willing to spend on big-ticket items and shift relatively more income away from savings and toward
spending.
Our 2014 growth forecast of 2.7% represents a bounce from 2013, and we believe that the risks to economic
expansion remain predominantly to the upside. Our core view on the US economy is that the recovery is
becoming increasingly entrenched, and that by 2014 many of the headwinds to growth, including
government spending cuts, will be dissipating. Not only do we expect accelerating growth in 2014, we
believe the US economy could be on the cusp of a multi-year period of stronger growth.

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 20
Table: Major Port Data 24
Table: Trade Overview 27
Table: Key Trade Indicators 27
Table: Main Import Partners, US$ 29
Table: Main Export Partners, US$ 30
Market Overview 31
United States Container Shipping Market Overview 31
Industry Trends And Developments 37
Company Profile 44
Horizon Lines 44
Shipping - Global Industry View 48
Box Demand: Container Outlook Strengthening In 2014 48
Box Supply: Slowing New Vessel Deliveries To Decrease Overcapacity Pressure 65
Table: Q313 Container Vessel Deliveries 66
Table: 2013 Mega Vessel Orders 67
Box Rates: Rate Push In Preparation For 2014 71
Table: 2012 & 2013 SCFI Europe Base Port Average Freight Rate Overview 78
Table: 2012 & 2013 SCFI USWC Base Port Average Freight Rate Overview 78
Global Company Strategy 79
Maersk Line 79
Mediterranean Shipping Company 87
CMA CGM 93
Evergreen Line 100
COSCO Container Lines Company 106
Macroeconomic Forecasts 112
Economic Activity 112
Table: US - GDP By Expenditure 120
Demographic Forecast 122
Demographic Outlook 122
Table: The United States' Population By Age Group, 1990-2020 ('000) 123
Table: The United States' Population By Age Group, 1990-2020 (% of total) 124
Table: The United States' Key Population Ratios, 1990-2020 125
Table: The United States' Rural And Urban Population, 1990-2020 125

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