Business Monitor International


Oman Shipping Report

Published 19 February 2014

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

Oman continues to develop into a regional powerhouse for the shipping and transhipment of dry bulk goods such as iron ore. To this end a new port is being constructed at Duqm and new cargo terminals at Salalah and Sohar. The new Duqm port will also boast a new oil refinery. Further port developments include the announcement that all cargo operations are to be moved from the Muscat port of Sultan Qaboos to Sohar by the end of August 2014. All of this is aided by Oman's position on the Arabian Sea, outside the Persian Gulf, enabling it to offer shorter shipping lines than ports within the congested body of water. On the macroeconomic side, growth in the Omani ports sector will be supported by an expanding GDP and rising private consumption.

Headline Industry Data

  • 2014 container throughput at Salalah forecast to return to growth of 3.2%, following an estimated 2013 growth of 3.7%. Growth to 2018 will average 6.1%.

  • 2014 total tonnage throughput at Sohar forecast to reach 66.36mn tonnes - an expansion of 18.9% - as operations are transferred from Sultan Qaboos. Growth will average 8.2% over the medium term.

  • 2014 Oman total trade real forecast at 5.6%, and to average 2.3% per annum to 2018.

Key Industry Trends

Gateway Role Driving Port Expansion: Oman's Port of Salalah is set to receive even more investment in an attempt to position the facility as an Eastern gateway to the GCC (Gulf Cooperation Council) and boost its transhipment appeal. With a US$143mn expansion of its general cargo terminal (GCT) and building of a liquid jetty already being undertaken, and both due to be completed by mid-2014, there are now plans for a major new breakwater, more liquid jetties, container berths, a cruise terminal, and tank farm - to be built over the next seven years.

Oman Fasteners Signs Sohar Tenancy Agreement: Oman Fasteners has signed a tenancy agreement with the Omani port of Sohar. Oman Fasteners is set to spend US$60mn in the first phase for constructing its plant...

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
19
Table: Major Port Data, 2011-2018
23
Table: Trade Overview, 2011-2018
24
Table: Key Trade Indicators, 2011-2018
25
Table: Main Import Partners, 2004-2012
26
Table: Main Export Destinations, 2004-2012
27
Market Overview
28
Oman Container Shipping Market Overview
28
Oman Dry Bulk Shipping Market Overview
32
Industry Trends And Developments
39
Company Profile
42
Oman Shipping Company (OSC)
42
Shipping - Global Industry View
44
Container Demand: Growth Outlook To Bolster 2014 Box Volumes
44
Container Supply: Overcapacity To Remain An Issue In 2014
54
Container Rates: Volatile As Demand Ticks Up, But Oversupply Remains
63
Table: Shipping Lines' Agents Offices Raided In Russia
68
Global Company Strategy
71
Maersk Line
71
Mediterranean Shipping Company
81
CMA CGM
87
Evergreen Line
95
COSCO Container Lines Company
102
Macroeconomic Forecasts
109
Economic Analysis
109
Table: Oman - Sectors' Contribution To Overall Gdp, Current Prices
110
Table: Oman - Gas Prices For Industrial Consumers
114
Table: Oman - Economic Activity
118
Demographic Forecast
119
Demographic Outlook
119
Table: Oman's Population By Age Group, 1990-2020 ('000)
120
Table: Oman's Population By Age Group, 1990-2020 (% of total)
121
Table: Oman's Key Population Ratios, 1990-2020
122
Table: Oman's Rural And Urban Population, 1990-2020
122

The Oman 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 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

Executive Summary

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-2017 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