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Kuwait Shipping Report Q3 2009Published by: Business Monitor International Published: Jul. 1, 2009 - 84 Pages Table of Contents
AbstractThe major development within Kuwait's maritime sector over the last quarter was the delivery of nineLiebherr mobile harbour cranes at the ports of Shuaiba and Shuwaikh. The cranes which consist of sixLHM400 models and three LHM 500 models were delivered to the Al Ghanim & Al Majid LogisticsGroup (AGAM) and will be put into operation at the company's container handling operations.BMI notes that the cranes will allow an increase in productivity at the ports and will allow the facilities tohandle more containers. The current downturn however will mean that extra container volumes areunlikely at both of the Kuwaiti ports in 2009, with BMI predicting container throughput at the ports ofShuaiba and Shuwaikh to fall by 1.1% and 2.4% respectively in 2009. We also forecast declines in bothports total throughput with tonnage decreasing by 1.7% at the port of Shuaiba and 2.1% at the port ofShuwaikh. This decline in trade at the country's ports is based on BMI's Country Risk assumption that total tradevolumes will decline by 1.2% in 2009, with imports set to increase by 2% and exports set to fall by 3.5%As well as an in-depth analysis of Kuwait's shipping sector the Q309 Kuwait Shipping Report also offersa global overview of the dry bulk, liquid bulk and container sectors and overviews of the 11 largestshipping lines and their strategies over the quarter to weather the downturn in trade volumes. Get Full Details About This Report >> |
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