Oman Shipping Report - Q4 2014

Business Monitor International
September 10, 2014
113 Pages - SKU: BMI5325659
Countries covered: Oman

Oman Shipping Report - Q4 2014

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 are to be moved from the Muscat port of Sultan Qaboos to Sohar bythe 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

2014 container throughput at Salalah forecast to return to growth of 3.2%, following a 2013 contractionof 8.0%. Growth to 2018 will average 4.2%.

2014 total tonnage throughput at Sohar forecast to reach 52.87mn tonnes - an expansion of 17.5% - asoperations are transferred from Sultan Qaboos. Growth will average 13.0% over the medium term.

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