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Bahrain shipping market is expected to increase, driven by significant growth in demand from Saudi Arabia
Bahrain Shipping Report Q1 2014 - a new market research report on 2014-03-17 05:23:01
Things are looking up for the Bahraini shipping sector. The Khalifa bin Salman Port (KBSP) is seeing volumes rise on the back of the massive hike in demand at Saudi Arabian ports. The consumer demand story also bodes well for domestic demand over the medium term, while the port of Mina Salman could see tonnage volumes rise due to a house-building programme underway in the Kingdom.
Growth in KBSP total tonnage throughput forecast at 6.0% in 2014, with average annual growth forecast at 5.5% between 2014 and 2018.
Growth in KBSP container throughput forecast at 13.5% in 2014, with average annual growth of 10.8% over our forecast period.
Real growth in total trade forecast at 4.5% in 2014 and to average 3.9% over the medium term.
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