Oman Shipping Report

Published 28 April 2015

  • 101 pages
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$1,295.00
Oman Shipping Report

The outlook for Oman's shipping sector remains mixed and reflects its main ports' specialisation. The port of Salalah is expected to post another year of strong growth and historic highs in total tonnage helped by increased demand for the 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, however, will enjoy growth both in terms of total and container throughput, 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 around 4%, over the medium term we project a 22% increase.

  • 2015 port of Salalah container throughput forecast to contract by 4%, over the medium term we project a 5% decrease.

  • 2015 total trade growth forecast at 3.9%.

Key Industry Trends

Salalah Pessimistic on Box Transhipment, Bullish on Total Throughput: A large amount of government-driven port developments in the region and the corresponding increase in port capacity 'are cause for concern', according to the Port of Salalah Annual Report, with shipping lines at the same time 'working to form alliances to reduce operating costs and this reduces transhipments'. Despite the port believing that its strategic location and service levels 'will remain an important factor in customer choice', it nevertheless expects the reduction in box throughput seen in recent years to accelerate. At the same time further growth in limestone and gypsum handling due to increased demand for these cargoes, is expected to drive total...

Table of Contents

BMI Industry View
7
SWOT
9
Shipping
9
Political
10
Economic
11
Business Environment
12
Industry Forecast
13
Port Of Sohar Throughput
13
Port Of Salalah Throughput
18
Table: Major Ports Data (Oman 2011-2018)
22
Table: Trade Overview (Oman 2011-2018)
23
Table: Key Trade Indicators (Oman 2011-2018)
24
Table: Main Import Partners, 2004-2012
25
Table: Main Export Destinations, 2004-2012
26
Market Overview
27
Oman Container Shipping Market Overview
27
Oman Dry Bulk Shipping Market Overview
31
Industry Trends And Developments
38
Company Profile
41
Oman Shipping Company (OSC)
41
Shipping - Global Industry View
44
Container Demand:
44
Container Supply:
51
Container Rates:
57
Global Company Strategy
61
Maersk Line
61
Mediterranean Shipping Company (MSC)
74
CMA CGM
79
Evergreen Line
89
COSCO Container Lines Company (COSCON)
96
Macroeconomic Forecasts
103
Demographic Forecast
111
Table: Oman's Population By Age Group, 1990-2020 ('000)
112
Table: Oman's Population By Age Group, 1990-2020 (% of total)
113
Table: Oman's Key Population Ratios, 1990-2020
114
Table: Oman's Rural And Urban Population, 1990-2020
114

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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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