Business Monitor International


Bahrain Shipping Report

Published 09 April 2014

  • 111 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Bahrain Shipping Report

We have a positive outlook for Bahrain's shipping sector. The country's main maritime facility, the Khalifa bin Salman port, is poised to continue on its upward growth trend, posting solid growth, especially in terms of container throughput over 2014. Volumes at the facility are rising as a result of the massive hike in demand at Saudi Arabian ports. Meanwhile, Bahrain's domestic consumer demand outlook also bodes well for its ports sector over the medium term. The port of Mina Salman should see tonnage volumes rise as well, on the back of demand from an extensive housebuilding programme under way in Bahrain.

Headline Industry Data

  • Growth in KBSP total tonnage throughput forecast at 6.0% in 2014, with average annual growth of 5.5% between 2014 and 2018.

  • Growth in KBSP container throughput forecast at 7.6% in 2014, with average annual growth of 7.0% over our forecast period.

  • Real growth in total trade forecast at 4.3% in 2014 and to average 3.9% over the medium term.

Key Industry Trends

IPO Planned For Khalifa Bin Salman Port Operator: In May 2014, Bahrain's Ministry Of Transportation revealed plans to launch an initial public offering (IPO) of shares in the company that operates the Khalifa bin Salman port. The listing would fulfil a contractual agreement made when the port began operations in 2009 and is also expected to aid the recent recovery of the Bahrain stock market, in which the main index had fallen 17% between 2008 and 2012. The facility, with an annual capacity of 1mn twenty foot-equivalent units (TEUs), is operated by APM Terminals Bahrain under a 25-year concession. The company is 80%-owned by Netherlands-based APM Terminals, while the remaining 20% is controlled by Bahraini business group YBA Kanoo Holdings.

KBSP Goes Deeper, But Will New Clients Come?: We believe the deepening of the channel at the Bahrain port of Khalifa bin Salman (KBSP) is a positive move by the operators  APM Terminals (APMT), providing an added inducement for...

Table of Contents

BMI Industry View
7
SWOT
8
Shipping
8
Political
10
Economic
11
Business Environment
12
Industry Forecast
13
Khalifa bin Salman Throughput
13
Table: Bahrain Major Port Data
17
Table: Bahrain Trade Overview
18
Table: Bahrain Key Trade Indicators
18
Table: Bahrain Main Import Partners (US$mn)
19
Table: Bahrain Main Export Partners (US$mn)
20
Market Overview
21
Bahrain Container Shipping Market Overview
21
Industry Trends And Developments
27
Company Profile
28
United Arab Shipping Company (UASC)
28
Global Company Strategy
31
Maersk Line
31
Mediterranean Shipping Company
40
CMA CGM
45
Evergreen Line
53
COSCO Container Lines Company
59
Hapag-Lloyd
66
Hanjin Shipping
72
APL
77
China Shipping Container Line (CSCL)
84
Mitsui OSK Lines
91
Global Industry Overview - Container Shipping
96
Demand: Global Box Outlook Brightening
96
Supply: Overcapacity To Remain As More Megas Saturate The Market
107
Table: Container Line Mega-Vessel Newbuild Plans
109
Rates: A Strong Start, But Rate Management Must Continue
112
Table: 2012 SCFI Europe Base Port Average Freight Rate Overview
116
Table: 2012 SCFI USWC Base Port Average Freight Rate Overview
116
Global Industry Overview - Dry Bulk Shipping
117
Demand: Stimulus Blip Playing Out, But For How Long-
117
Supply: Dry Bulk Fleet growth Slipping, But Overcapacity Still A Problem
122
Table: China Iron Ore Trade Partners Overview
128
Table: China Coal Trade Partners Overview
128
Global Industry Overview - Liquid Bulk Shipping
129
Improving Fundamentals In Dirty Tanker Market
129
Tonne-Mile Growth To Support Product Tanker Sector
132
LNG Boom To Stall In 2013
135
Macroeconomic Forecasts
138
Economic Outlook
138
Expenditure Breakdown
143
Table: Bahrain - Economic Activity
144
Demographic Forecast
145
Table: Bahrain's Population By Age Group, 1990-2020 ('000)
146
Table: Bahrain's Population By Age Group, 1990-2020 (% of total)
147
Table: Bahrain's Key Population Ratios, 1990-2020
148
Table: Bahrain's Rural And Urban Population, 1990-2020
148

The Bahrain 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 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