United Arab Emirates Shipping Report

Published 16 April 2015

  • 112 pages
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$1,295.00
United Arab Emirates Shipping Report

BMI View: The UAE's shipping sector will enjoy strong growth in 2015, thanks to both domestic and global factors. Demand for containerised goods transhipped through Jebel Ali should be high as the fall in the global oil price increases consumers' spending power in the West, while at Port Khalifa, continued investment in the port and the adjoining industrial zone will ensure that it stays on its rapid expansion trajectory. The operators of two facilities ' dedication to investing in their development will ensure that growth is secure - a third container terminal will open at Jebel Ali in 2015, taking the handling capacity to 19mn twenty-foot equivalent units (TEUs).

Headline Industry Data

  • Sharjah Terminals container throughput (KCT and SCT) is forecast to grow by 5.9% in 2015, averaging 4.5% over the medium term.

  • Jebel Ali container throughput is forecast to grow by 7.8% in 2015. Through to 2019, we expect growth to 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.

Key Industry Trends

Ongoing Investment Will Keep Port Khalifa Efficient: The Abu Dhabi-situated Port Khalifa, which was launched in the final months of 2012, benefits from state-of-the art equipment given its youth. However, Abu Dhabi Ports Company (ADPC) has not rested on its laurels and continues to invest heavily in ensuring that the facility remains as efficient as it can be. ADPC is installing a new terminal operating system (TOS) at the port in order to improve the general cargo operations. The new port management software named 'Master Terminal' will improve processing times and complete a range of customer service offerings, according to a company press release. The new software will also replace ADPC's existing systems and support the management of general cargo operations, which includes bulk,...

Table of Contents

BMI Industry View
7
SWOT
9
Shipping
9
Political
11
Economic
12
Business Environment
13
Industry Forecast
14
Port Of Jebel Ali Throughput
14
Port Khalifa Throughput
18
Table: Major Port Data, 2013-2018
23
Table: Trade Overview, 2011-2018
23
Table: Key Trade Indicators, 2011-2018
24
Table: Main Import Partners, 2005-2012
25
Table: Main Export Partners, 2005-2012
25
Market Overview
27
UAE Container Shipping Market Overview
27
Industry Trends And Developments
34
Company Profile
37
United Arab Shipping Company (UASC)
37
Gulftainer
40
Abu Dhabi National Tanker Company
44
Gulf Energy Maritime
46
Gulf Navigation Holding
48
Shipping - Global Industry View
52
Container Demand:
52
Container Supply:
59
Container Rates:
65
Global Company Strategy
69
Maersk Line
69
Mediterranean Shipping Company (MSC)
82
CMA CGM
87
Evergreen Line
97
COSCO Container Lines Company (COSCON)
104
Macroeconomic Forecasts
111
Fiscal Position Remains Solid
113
Non-Oil Sector To Become Growth Driver
115
Table: United Arab Emirates - Economic Activity
116
Demographic Forecast
117
Table: United Arab Emirates' Population By Age Group, 1990-2020 ('000)
118
Table: United Arab Emirates' Population By Age Group, 1990-2020 (% of total)
119
Table: United Arab Emirates' Key Population Ratios, 1990-2020
120
Table: United Arab Emirates' Rural And Urban Population, 1990-2020
120

The United Arab Emirates Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'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 United Arab Emirates.

BMI's United Arab Emirates 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 United Arab Emirates.

Key Benefits

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