This year, Singapore's largest container terminal operator, Singapore International Port Group Limited (PSA), remains cautious about the outlook, but analysts say it is clear that the world's largest transshipment center will benefit from the re-laundering of the large container shipping alliance brand.
PSA has admitted that the current terminal plate is in a difficult time. "The tough business environment is likely to last until 2017, but this does not mean all," said Tan Chong Meng, CEO of PSA Group, who recently announced the Group's 2016 results. We may see that the industry Increasingly, system-wide changes have led to a slowdown in market growth, convergence of emerging technologies and new business needs, and the rapid merger of the container shipping industry has created uncertainty while creating opportunities for new shipping services. Products will be put into the market, not only the terminal operators need to adjust and adapt to the size of the global supply chain players also.
Despite being cautious, it is clear that the container shipping alliance has changed since April 1, which is good for Singapore. Hong Kong shipping software company CargoSmart data show that the new alliance pattern makes the Lionsheng Singapore in the main East-West trade routes to obtain an additional week service business, eight ships berthing, the average ship size from 1200TEU to 12200TEU The This is the largest size of the average size of the ships in any major port on a global scale.
Through these statistics, the only one in the world with more throughput than Singapore's container ship ports Shanghai is experiencing changes in the alliance after the impact of - week service reduced by 5 voyages, reduced by 50 ships The average size of the ships chosen for use by the coalition is 11400 TEU. In this analysis, Singapore is likely to narrow in the next 18 months and the world's largest port of Shanghai gap.
In its April 1 report, Alphaliner, a shipping consultancy, also stressed how Singapore has become the biggest winner in the Asian-European trade route. Alphaliner said Singapore's weekly service on Asian-European trade routes will rise from the previous 29 voyage to 34. This growth will be at the expense of neighboring Klang, Malaysia. The world's third largest container liner company, France's fleet of last year's acquisition of Singapore's US Presidential Vessel (APL), has pledged to have more berthing in Singapore, and has signed an agreement with PSA to establish a joint venture terminal.
The integration of the container shipping industry will inevitably affect some of the ports, but it has proven that Singapore has benefited from it.