(MENAFNEditorial)
The UAE will continue to dominate the Gulf region's shipping sector as it continues to invest heavily in its facilities. Not only has the massive Khalifa Port had a hugely successful opening in 2012 and handled 1mn containers in 2013 but the established behemoth Jebel Ali has announced plans for a new container terminal helping it to keep ahead from the growing competition in the region. Even the smaller Sharjah terminals are performing well with record growth in recent years. As such we project continued strong growth at the facilities especially as the global economy looks set to continue its resurgence from the doldrums in 2014.
Headline Industry Data
* Sharjah Terminals container throughput (KCT and SCT) is forecast to grow by 5.6% in 2014 averaging 4.8% over the medium term.
* Jebel Ali container throughput is forecast to grow by 3.0% in 2014. Through to 2018 we expect growth to average 3.8%.
* Port Khalifa's box throughput will expand by 20.8% to 1.09mn TEUs. Growth will remain strong averaging 17.1% to 2018.
* Total trade real growth is forecast at 7.2% in 2014 and to average 5.3% through to 2018.
Full Report Details at
- http://www.fastmr.com/prod/861779_united_arab_emirates_shipping_report_q4_2014.aspx?afid=101
Key Industry Trends
Jebel Ali Port Shipping Volumes From Iran Record Fall: The Jebel Ali Port in the UAE registered a fall of 300000 standard container units in shipping volumes from Iran in 2013 according to the port's operator DP World largely as a result of the sanctions placed upon Iran by the West. In 2013 the port handled 13.6mn standard container units. Meanwhile it intends to expand its capacity to 19mn standard container units by the end of 2014. The easing of sanctions provides upside potential for throughput at Jebel Ali given how much re-export the facility traditionally carries out for Iran.
Key Risks
Should tensions between Israel and Iran escalate to any significant degree in 2014 thereby leading to a conflict in the Gulf then our forecasts for UAE would be seriously jeopardised. On the flipside growing rapprochement...
The United Arab Emirates 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 Arab Emirates.
BMI's United Arab Emirates 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 Arab Emirates.
Key Benefits
* Benchmark BMI's independent shipping industry forecasts for United Arab Emirates to test other views - a key input for successful budgeting and strategic business planning in the Emirati shipping market.
* Target business opportunities and risks in United Arab Emirates 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
Executive Summary
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-2017 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.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts we provide quick and easy access to the best competitive intelligence available. Our unbiased expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.