Bahrain Shipping Report

Published 13 April 2015

  • 87 pages
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$1,295.00
Bahrain Shipping Report

The outlook for Bahrain's shipping sector as a whole is tied to that of its premier maritime facility, the Khalifa bin Salman port. In 2015 the port, and so the industry as a whole, is set to post solid growth as it recovers from the contractions in volumes recorded in 2013. Container throughput at the facility is rising as a result of the massive hike in demand at Saudi Arabian ports.

This is a trend we expect to continue over the medium term where Bahrain will continue to develop its role as a regional transhipment hub. In part, this expectation is down to our trade outlook for the country. With exports forecast to grow by a mere 1.9% in 2015, and to continue at a similar pace to 2024, we do not see any significant source of export growth until the planned additions to aluminium and refined oil production capacity come online towards the end of the decade. As a result, the shipping sector must rely on transhipment as an avenue for growth.

The port of Mina Salman should also see tonnage volumes rise, on the back of demand from an extensive housebuilding programme under way in Bahrain.

Headline Industry Data

  • Growth in KBSP total tonnage throughput is forecast at 13.1% in 2015, with average annual growth of 10.6% between 2015 and 2019.

  • Growth in KBSP container throughput is forecast at 7.8% in 2015, with an average annual growth of 6.8% over our forecast period to 2019.

  • Real growth in total trade is forecast at 4.2% in 2015.

Key Industry Trends

KBSP Dispute Resolved: A dispute over outstanding storage charges has finally been resolved at the Khalifa bin Salman Port (KBSP). In August 2014 the port operator, APM Terminals (APMT), began withholding and refusing to release containers from the facility if their owners had not settled their outstanding bills.

UASC Names First LNG-Ready Mega Vessel: Gulf-based ocean freight services provider United Arab Shipping Company (UASC) has named the first-ever liquefied natural gas-ready mega vessel, according to the...

Table of Contents

BMI Industry View
7
SWOT
9
Shipping
9
Political
11
Economic
12
Business Environment
13
Industry Forecast
14
Khalifa bin Salman Port Throughput
14
Table: Major Port Data (Bahrain 2011-2018)
20
Table: Trade Overview (Bahrain 2011-2018)
20
Table: Key Trade Indicators (Bahrain 2011-2018)
21
Table: Main Import Partners, 2004-2012
22
Table: Main Export Destinations, 2004-2012
22
Market Overview
24
Bahrain Container Shipping Market Overview
24
Industry Trends And Developments
30
Company Profile
34
United Arab Shipping Company (UASC)
34
Shipping - Global Industry View
37
Container Demand:
37
Container Supply:
45
Container Rates:
51
Global Company Strategy
54
Maersk Line
54
Mediterranean Shipping Company (MSC)
65
CMA CGM
71
Evergreen Line
82
COSCO Container Lines Company (COSCON)
90
Macroeconomic Forecasts
97
Economic Analysis
97
Expenditure Breakdown
100
Table: Economic Activity (Bahrain 2009-2018)
106
Demographic Forecast
107
Table: Bahrain's Population By Age Group, 1990-2020 ('000)
108
Table: Bahrain's Population By Age Group, 1990-2020 (% of total)
109
Table: Bahrain's Key Population Ratios, 1990-2020
110
Table: Bahrain's Rural And Urban Population, 1990-2020
110

The Bahrain Shipping Report has been researched at source and features latest-available data and BMI Research's independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Bahrain.

BMI's Bahrain Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Bahrain.

Key Benefits

  • Benchmark BMI's independent shipping industry forecasts for Bahrain to test other views - a key input for successful budgeting and strategic business planning in the Bahraini shipping market.
  • Target business opportunities and risks in Bahrain through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering shipping, major investments and projects and significant multinational and national company developments.

SWOT Analysis

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's shipping sector, which carefully evaluates the short- and medium-term issues facing the industry.

Market Overview

Analysis of the capacity, terminals and planned development of the major ports in each country, including data on throughput and total tonnage.

Industry Forecast Scenario

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and macroeconomic indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).

Company Profiles

Company profiles include business activities, leading products and services, company strategy, trends and developments and economic performance analysis.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc