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Bahrain Shipping Report Q1 2016

Bahrain Shipping Report Q1 2016

BMI View: We expect Bahrain to continue develop its role as a regional transhipment hub over the remainder of 2015and into 2016, with strong container and tonnage throughput growth at Bahrian's premier maritime facility,the Khalifa bin Salman Port (KBSP), forecast to continue. However, growth rates are forecast to slow: from18.2% to 11.6% for box throughput and from 13.2% to 3.3% for tonnage throughput, with the latter fallattributed to the ongoing slump in oil prices.

Over the medium term, Bahrain's shipping sector will continue to rely on transhipment as a source ofgrowth. We forecast average growth rates of 11.7% for tonnage and 5.1% for container throughput at theport over the next five years, which is a decrease since the uptick after 2011. Slowing growth will be due tolimited variety in terms of export goods. However, we do believe that KBSP has a chance to take on the roleof a smaller inter-regional rather than international hub. We believe this is the more viable option as KBSPwill inevitably lose out to larger, better-located ports.


BMI Industry View
SWOT
Shipping
Political
Economic
Operational Risk
Industry Forecast
Khalifa bin Salman Port Throughput
Table: Major Ports Data (Bahrain 2012-2019)
Table: Trade Overview (Bahrain 2012-2019)
Table: Key Trade Indicators (Bahrain 2012-2019)
Table: Main Import Partners, 2006-2013
Table: Main Export Destinations, 2006-2013
Market Overview
Bahrain Container Shipping Market Overview
Shipping - Global Industry View
Bright Spot For Shipping: Low Bunker Prices
Table: BMI Bunker Fuel (IFO180 & MGO) Price Forecast
Short-Term Outlook (three-to-six months)
Long-Term Outlook
Risks To Outlook
Global Company Strategy
Maersk Line
Mediterranean Shipping Company (MSC)
CMA CGM
Evergreen Line
COSCO Container Lines Company (COSCON)
Macroeconomic Forecasts
Economic Analysis
Table: Bahrain - Real GDP Growth, % Chg Y-O-Y
Table: Bahrain - Components of GDP (% of total)
Table: Government Consumption Forecasts
Table: Private Consumption Forecasts
Table: Bahrain - Main Infrastructure and Industrial Developments
Table: Fixed Investment Forecasts
Table: Net Exports Forecasts
Demographic Forecast
Table: Population Headline Indicators (Bahrain 1990-2025)
Table: Key Population Ratios (Bahrain 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Bahrain 1990-2025)
Table: Population By Age Group (Bahrain 1990-2025)
Table: Population By Age Group % (Bahrain 1990-2025)

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