|
|
Bahrain Shipping Report Q4 2009Published by: Business Monitor International Published: Jul. 30, 2009 - 90 Pages Table of Contents
Abstract2009 has been a tough year for the shipping sector. Container freight rates have plunged, with industryobservers issuing profit warnings for container lines' full-year results. The liquid bulk sector has remainedafloat as tankers have been used for oil storage purposes. Dry bulk shipping fortunes have fluctuated fromall-time lows, to showing a steady recovery, to dipping once more as the sector's fortunes have becomeincreasingly tied to China's raw material needs.For the Q409 Bahrain Shipping Report we have reviewed our forecast data for total tonnage throughputand container volumes for 2009 in light of the developments in Bahrain's maritime sector in 2009, whichhave seen the opening of the new Khalifa bin Salman port (KBSP) and the gradual phasing out of the portof Mina Salman (MSP). The majority of Bahrain's maritime operations have now been moved to KBSPand BMI has contacted Yousif Bin Sanad, the commercial director at APM Terminals, the operator ofthe KBSP and MSP, about the different transfer stages to enable us to offer the most up-to-date estimateson each port's projected throughput volume. As 2009 draws to a close BMI answers the question of what is next for Bahrain's shipping sector. Wepredict that a gradual recovery in the country's ports throughput will begin in 2010. This is based upon thefact that our Country Risk Desk is forecasting Bahrain's total trade to increase by 1.87% in 2010. In thecase of KBSP, BMI predicts that total tonnage at the port will increase by 0.33%, while containervolumes will increase by 1.65%. This estimate will see the port handling a total of 975,000 tonnes and270,807TEUs in 2010. We expect growth in throughput volumes to continue at the port for the rest of the mid term (2010-2013).According to BMI's Shipping Desk forecasts for KBSP, we predict that total tonnage will increase onaverage by 0.33% per year with container volumes increasing by a yearly average of 1.7% over thisperiod. Bahrain's port recovery is reliant on a revival in Bahrain's trade volumes. For the whole of 2009 BMIexpects Bahrain's imports to decline by 2% and its exports to fall by 1.18%. A gradual recovery isforecast for 2010 with total trade forecast to grow by 1.87%. BMI predicts that over the rest of the midterm (2011-2013) the country's total will increase by a yearly average of 1.88%. Get Full Details About This Report >> |
|
|||
|
About MarketResearch.com
|
||||