Egypt Shipping Report Q2 2015
The outlook for the Egyptian shipping sector is positive and we forecast a period of growth across thecountry's ports. The political situation in the country is quiescent following the election of Field MarshallSisi to the presidency in 2014 and we expect investment to begin to flow into the country once more.
Fundamentally, strikes at the country's ports have diminished, and a number of expansions are under wayonce more. The country benefits from the presence of the Suez Canal, and a recovery in Europe's developedmarkets - albeit a sluggish one - will see volumes through the waterway grow, delivering a boost toEgyptian container-handling facilities near the channel such as East Port Said.
Headline Industry Data
2015 total tonnage throughput at el-Dekheila is forecast to grow by 1.4% to 26.06mn tonnes, and toaverage 2.0% per annum to 2019.
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