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Qatar Shipping Report Q1 2016

BMI View: Provided Qatar's New Doha Port, officially named as Hamad Port in 2015, opens as scheduledin 2016, we expect to see continued robust growth in both box throughput (at 14.4%) and overall tonnage(30.0%). Although the new port is aimed to increase both box and tonnage volumes, it should be noted thatgrowth figures in 2016 will be a slight drop when compared with 2015 figures as the port finds it feet.

Healthy real GDP growth, a strong Qatari consumer and Qatar's relative protection from fluctuating oilprices compared to other Gulf states, all provide upside risk for the country's shipping sector.

Growth at Hamad Port will slow slightly in 2016 when compared to the 2015 growth levels at the Port ofDoha, with gross tonnage reaching 1.29mn tonnes and box throughput reaching 612,923. Despite thisdecrease in growth, we forecast strong real GDP growth of 5.9% in 2016, albeit again a slight drop from the2015 6.6% growth level. Headwinds in the global economy contribute to the 2016 lag, but we also foresee adrop in real export growth from 2.20% in 2016 to 1.70% by 2019. Qatar will need to work hard to maintainexports over this time, but should have a boost beyond our medium-term forecast when the 2022 FIFAWorld Cup occurs.


BMI Industry View
Qatar
SWOT
Shipping
Political
Economic
Operational Risk
Industry Forecast
Port Of Doha Throughput
Table: Major Ports Data (Qatar 2012-2019)
Table: Trade Overview (Qatar 2012-2019)
Table: Key Trade Indicators (Qatar 2012-2019)
Table: Main Import Partners, 2006-2013
Table: Main Export Partners, 2006-2013
Market Overview
Qatar Container Shipping Market Overview
Company Profile
Milaha (Formerly Qatar Navigation)
Qatar Gas Transport Company (Nakilat)
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: BMI AND BLOOMBERG CONSENSUS FORECASTS - BRENT
Table: QATAR - Components of GDP (% Of Total)
Table: QATAR - Government Consumption Forecasts
Table: QATAR - Private Consumption Forecasts
Table: QATAR - Fixed Investment Forecasts
Table: QATAR - Net Exports Forecasts
Demographic Forecast
Table: Population Headline Indicators (Qatar 1990-2025)
Table: Key Population Ratios (Qatar 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Qatar 1990-2025)
Table: Population By Age Group (Qatar 1990-2025)
Table: Population By Age Group % (Qatar 1990-2025)

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