(MENAFNEditorial)
There is a mixed picture for Saudi ports in 2014 with a number of the major facilities looking likely to endure a second consecutive year of contractions. However throughput at Saudi ports will be supported by local shipping companies Bahri and Vela Shipping which are in the process of completing their merger. Considerable investment into new facilities is also continuing apace.
Headline Industry Data
* 2014 port of Jeddah Islamic Port tonnage throughput forecast to decline for a second consecutive year by 7.0%. Growth will average 2.9% to 2018.
* 2014 port of Jeddah Islamic Port container throughput forecast to decline for the second year running by 7.0%. Growth will average 4.8% to 2018.
* 2014 total trade forecast to see real growth of 3.5%. Growth will average 2.8% from 2014 to 2018.
Full Report Details at
- http://www.fastmr.com/prod/888175_saudi_arabia_shipping_report_q4_2014.aspx?afid=101
Key Industry Trends
Bahri Completes First Phase Of Vela Integration: The National Shipping Company of Saudi Arabia (Bahri) has completed the first phase process of incorporating the Vela fleet and operations according to a statement by the former. The move makes Bahri an exclusive carrier of Aramco very large crude carrier-sized crude oil cargoes sold on a delivered basis.
Desalination Equipment At Saudi Port: In July the King Fahad Industrial Port handled the world's largest water desalination equipment which is due to be installed at the desalination plant at Yanbu. The equipment was carried aboard the South Korean vessel Donbang Jiant 3.
Government Acquires 51.3% Stake In UASC: The government of Qatar has purchased a 51.3% stake in United Arab Shipping Company (UASC). The deal has made the country a majority stakeholder of the company. Qatar's contribution in the company's capital increases to support its expansion has aided the country in acquiring the majority stake in UASC.
Risks To Outlook
One of the largest risks to our outlook is Jeddah's application to be a metals hub for the London Metals Exchange which also offers upside potential to the...
The Saudi Arabia 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 Saudi Arabia.
BMI's Saudi Arabia 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 Saudi Arabia.
Key Benefits
* Benchmark BMI's independent shipping industry forecasts for Saudi Arabia to test other views - a key input for successful budgeting and strategic business planning in the Saudi shipping market.
* Target business opportunities and risks in Saudi Arabia 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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