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Bahrain Shipping Report Q3 2015

98 Pages BMI Research July 08, 2015 SKU: BMI5621679

BMI View: The outlook for Bahrain's shipping sector as a whole is tied to that of its premier maritimefacility, the Khalifa bin Salman port. In 2015, the port, and the industry as a whole, is set to post solidgrowth as it recovers from the contractions in volumes recorded in 2013. Container throughput at thefacility is rising as a result of the massive hike in demand at Saudi Arabian ports.

This is a trend we expect to continue over the medium term, where Bahrain will continue to develop its roleas a regional transhipment hub. In part, this expectation is down to our trade outlook for the country. Withexports forecast to grow by a mere 1.9% in 2015, and to continue at a similar pace to 2024, we do not seeany significant source of export growth until the planned additions to aluminium and refined oil productioncapacity come online towards the end of the decade. As a result, the shipping sector must rely ontranshipment as an avenue for growth. The port of Mina Salman should also see tonnage volumes rise, onthe back of demand from an extensive house-building programme under way in Bahrain.

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Bahrain Shipping Report Q3 2015

BMI Research
July 08, 2015

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