Oman Shipping Report Q1 2015

Business Monitor International
November 26, 2014
120 Pages - SKU: BMI5392072
Countries covered: Oman

Oman Shipping Report Q1 2015

Oman continues to develop into a regional powerhouse for the shipping and transhipment of dry bulk goodssuch as iron ore. To this end a new port is being constructed at Duqm and new cargo terminals at Salalahand Sohar. The new Duqm port will also boast a new oil refinery. Further port developments include theannouncement that all cargo operations were moved from the Muscat port of Sultan Qaboos to Sohar as ofthe end of 2014. All of this is aided by Oman's position on the Arabian Sea, outside the Gulf, enabling it tooffer shorter shipping lines than ports within the congested body of water. On the macroeconomic side,growth in the Omani ports sector will be supported by expanding GDP and rising private consumption.

Headline Industry Data

2015 container throughput at Salalah is forecast to grow by 3.7%. Growth to 2019 will average 4.6%.

2015 total tonnage throughput at Sohar forecast to reach 59.38mn tonnes - an expansion of 12.3%.

Growth will average 11.8% over the medium term.

2015 Oman total trade real forecast at 3.9%, and to average 1.2% per annum to 2019.



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