Oman Shipping Report

Published 07 August 2015

  • 109 pages
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  • Includes 3 free updated quarterly reports
$1,295.00
Oman Shipping Report

BMI View: T he outlook for Oman's shipping sector remains mixed , reflecting the country's main ports' specialisation. The port of Salalah is expected to post another strong annual increase and achieve historic highs in total tonnage helped by higher demand for limestone and gypsum it handles while box volumes at the country's top container facility will endure another year of decline in 2015, affected by decreasing transhipment.

The port of Sohar will enjoy strong growth in 2015 - both in terms of total and container throughput. This is largely due to the transfer of operations from Sultan Qaboos, although continued investment into new dry bulk industries will also prompt growth. Over the medium term, we project further growth at the port of Sohar and total throughput growth at the port of Salalah while container volumes at Salalah will continue declining. However, despite the at-times challenging outlook, Oman continues to invest in its maritime facilities.

Headline Industry Data

  • 2015 port of Sohar tonnage throughput forecast to grow 21.8% to 54.85mn tonnes.

  • 2015 port of Salalah container throughput forecast to contract by 20% to 2.43mn TEUs.

  • 2015 total trade growth forecast at 3.9%.

Key Industry Trends

Sohar Container Capacity T o Reach 6mn TEUs: The USD303mn expansion of Oman International Container Terminal (OICT) at the port of Sohar will quadruple its capacity to 6mn TEUs by 2019. OICT is a joint venture between Hutchison Port Holdings, the Government of the Sultanate of Oman, Steinweg of Netherlands and a number of other Omani investors.

Oman T o Get First Sugar Refinery: An engineering, procurement and construction contract between Oman Sugar Refinery Company and China's Sinolight Corporation to develop a sugar refinery at the port of Sohar was signed on June 7 2015. Completion of the country's first such facility is expected by the end of 2017.

Risks to Outlook

There are considerable risks to our outlook for Omani maritime ports....

BMI Industry View
7
Oman - Q4 2015
7
SWOT
9
Shipping
9
Political
10
Economic
11
Operational Risk
12
Industry Forecast
14
Port Of Sohar Throughput - Q4 2015
14
Port Of Salalah Throughput - Q4 2015
20
Table: Major Ports Data (Oman 2012-2019)
25
Table: Trade Overview (Oman 2012-2019)
26
Table: Key Trade Indicators (Oman 2012-2019)
26
Table: Main Import Partners, 2006-2013
28
Table: Main Export Destinations, 2006-2013
29
Market Overview
30
Oman Container Shipping Market Overview
30
Oman Dry Bulk Shipping Market Overview
35
Company Profile
42
Oman Shipping Company (OSC) - Q4 2015
42
Shipping - Global Industry View
44
Container Shipping: Three Key Themes
44
Table: Major Beneficiaries
44
Table: Order Book For New Mega Vessel Class
46
Table: Vessel Capacity By Trade Route
49
Global Company Strategy
51
Maersk Line
51
Mediterranean Shipping Company (MSC)
63
CMA CGM
70
Evergreen Line
81
COSCO Container Lines Company (COSCON)
89
Macroeconomic Forecasts
96
Economic Analysis
96
Table: GCC - REAL GDP GROWTH, % CHG Y-O-Y
101
Table: Oman - Selected Infrastructure And Industrial Projects
103
Demographic Forecast
105
Table: Population Headline Indicators (Oman 1990-2025)
106
Table: Key Population Ratios (Oman 1990-2025)
106
Table: Urban/Rural Population & Life Expectancy (Oman 1990-2025)
107
Table: Population By Age Group (Oman 1990-2025)
107
Table: Population By Age Group % (Oman 1990-2025)
108

The Oman 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 Oman.

BMI's Oman 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 Oman.

Key Benefits

  • Benchmark BMI's independent shipping industry forecasts for Oman to test other views - a key input for successful budgeting and strategic business planning in the Omani shipping market.
  • Target business opportunities and risks in Oman 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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