United Arab Emirates Shipping Report Q3 2015
BMI View: The UAE's shipping sector will enjoy strong growth in 2015, thanks to both domestic and globalfactors. Demand for containerised goods transhipped through Jebel Ali should be high as the fall in theglobal oil price increases consumers' spending power in the West, while at Port Khalifa, continuedinvestment in the port and the adjoining industrial zone will ensure that it stays on its rapid expansiontrajectory. The operators of two facilities' dedication to investing in their development will ensure thatgrowth is secure - a third container terminal will open at Jebel Ali in 2015, taking the handling capacity to19mn twenty-foot equivalent units (TEUs).
Headline Industry Data
Sharjah Terminals container throughput (KCT and SCT) is forecast to grow by 5.9% in 2015, averaging4.5% over the medium term.
Jebel Ali container throughput is forecast to grow by 7.8% in 2015. Through to 2019, we expect growthto average 4.8% annually.
Port Khalifa's box throughput will expand by 18.7% to 1.29mn TEUs. Growth will remain strong,averaging 15.6% to 2019.
Total trade real growth is forecast at 6.4% in 2015 and to average 4.8% through to 2019.
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