United Arab Emirates Shipping Report Q1 2016
BMI View: The UAE's shipping sector, one of the best developed and most important in the world, willcontinue to expand rapidly in 2016 and over the medium term. The Dubai port of Jebel Ali is the ninthlargest in the world in terms of container throughput, owing largely to transhipment volumes, while the AbuDhabi facility of Port Khalifa, only launched in late 2012, is expanding rapidly thanks to the KIZADindustrial zone being developed alongside it. It is due to these different sources of growth that we expectKhalifa's growth to far outpace Jebel Ali's in 2016 and beyond. Aside from the base effects of Khalifa stillbeing a relatively newly launched facility, Jebel Ali's reliance on transhipment trade will negatively impactit given our expectation of rocky global growth in 2016, with the eurozone in particular not lookingespecially healthy.
Headline Industry Data
Sharjah Terminals container throughput (KCT and SCT) is forecast to grow by 4.8% in 2016, averaging3.7% over the medium term.
Jebel Ali container throughput is forecast to grow by 4.6% in 2016. Through to 2019, we expect growthto average 3.6% annually.
Port Khalifa's box throughput will expand by 16.4% to 1. 575mn TEUs. Growth will remain strong,averaging 14.4% to 2019.
Total trade real growth is forecast at 9.0% in 2016 and to average 7.3% through to 2020.
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