Business Monitor International


United Arab Emirates Shipping Report

Published 19 August 2014

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

The UAE will continue to dominate the Gulf region's shipping sector as it continues to invest heavily in its facilities. Not only has the massive Khalifa Port had a hugely successful opening in 2012, and handled 1mn containers in 2013, but the established behemoth, Jebel Ali, has announced plans for a new container terminal, helping it to keep ahead from the growing competition in the region. Even the smaller Sharjah terminals are performing well, with record growth in recent years. As such we project continued strong growth at the facilities, especially as the global economy looks set to continue its resurgence from the doldrums in 2014.

Headline Industry Data

  • Sharjah Terminals container throughput (KCT and SCT) is forecast to grow by 5.6% in 2014, averaging 4.8% over the medium term.

  • Jebel Ali container throughput is forecast to grow by 3.0% in 2014. Through to 2018, we expect growth to average 3.8%.

  • Port Khalifa's box throughput will expand by 20.8% to 1.09mn TEUs. Growth will remain strong, averaging 17.1% to 2018.

  • Total trade real growth is forecast at 7.2% in 2014 and to average 5.3% through to 2018.

Key Industry Trends

Jebel Ali Port Shipping Volumes From Iran Record Fall: The Jebel Ali Port in the UAE registered a fall of 300,000 standard container units in shipping volumes from Iran in 2013, according to the port's operator  DP World, largely as a result of the sanctions placed upon Iran by the West. In 2013, the port handled 13.6mn standard container units. Meanwhile, it intends to expand its capacity to 19mn standard container units by the end of 2014. The easing of sanctions provides upside potential for throughput at Jebel Ali, given how much re-export the facility traditionally carries out for Iran.

Key Risks

Should tensions between Israel and Iran escalate to any significant degree in 2014, thereby leading to a conflict in the Gulf, then our forecasts for UAE would be seriously jeopardised. On the flipside, growing rapprochement...

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

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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