2012-09-08 09:21:08 -
Recently published research from Business Monitor International, "Oman Shipping Report Q4 2012", is now available at Fast Market Research
Oman continues to develop itself 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 2012. 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.
Full Report Details at
- www.fastmr.com/prod/456363_oman_shipping_report_q4_2012.aspx
Headline Industry Data
*
2012 container throughput at Salalah forecast to reach 3.32mn twenty-foot equivalent units (TEUs) on growth of 3.8%, and to average 1.4% growth to 2016.
* 2012 total tonnage throughput at Sohar forecast to reach 31.45mn tonnes, an expansion of 12.2%. Growth forecast to average 14.8% over the mid term, boosted by the transfer of Sultan Qaboos' cargo operations to the facility.
* 2012 Oman total trade real forecast at 6.5%, and to average 2.9% per annum to 2016.
Key Industry Trends
Sohar Port Welcomes 1,000th Vessel
The Port of Sohar received its 1,000th vessel of 2012 - MV Maria - on July 23, coinciding with the facility's 10th anniversary. The 9,000 metric tonne vessel is owned and operated by SAL Heavy Lift.
Dry Bulk Terminal To Be Constructed At Sohar
Oman's Sohar Industrial Port Company (SIPC) entered into a deal with a consortium comprising Khimji Ramdas Shipping and TM International Limited (TMIL) to establish operations for the handling of dry-bulk minerals. The consortium has prepared a temporary berth at the port for the handling of bulk materials, which is expected to remain operational for the next two years.
Oman Container Lines To Launch India Express Service
Oman Container Lines launched a new service to India on July 3. The India Express weekly service will run between the port of Salalah in Oman and the port of Nhava Sheva in Mumbai. It will utilise a vessel with a capacity of 2,860TEUs.
Key Risks To Outlook
There are considerable risks to our outlook for Omani maritime ports. The continued development of their dry bulk capabilities leaves it hard to project by just how much total tonnage throughput will expand at the facilities of Sohar and Salalah in the coming years. 2011's throughput growth of 152.2% at Sohar is indicative of this. Equally the 15.8% contraction in box volumes at Salalah in 2011 demonstrates how the port's transhipment business is subject to the vagaries of the global macroeconomic climate; with the outlook for the eurozone uncertain the port's return to growth is by no means assured. Further complications arise from the closure of the Port of Sultan Qaboos in Muscat as a commercial shipping port, and the move of its operations to Sohar, scheduled to happen by 2013.
Report Table of Contents:
SWOT Analysis
- Oman Shipping SWOT
- Oman Political SWOT
- Oman Economic SWOT
- Oman Business Environment SWOT
Global Overview - Container Shipping
- More Positive Box Outlook In H212
- Box Supply Demand Imbalance Worsens
- Concerted Rate Push Must Continue
- Bunker Price Still A Worry
- 2013: A Year Of Mega Realisation
- Containerisation Revolution Hits Dry Bulk
Global Overview - Dry Bulk Shipping
- Stockpiling: A Threat To Dry Bulk Shipping
- Overcapacity A Long Term Problem
- Bankruptcies To Continue
- Vale's Forced Diversification Hedges Against China Slowdown
- Protectionism Trend Takes Off
Global Overview - Liquid Bulk Shipping
- Executive Summary: Unconventional Sectors To Outshine Traditional Crude
- Dirty Tanker Index To Remain Depressed
- Bunker Prices Down, But So Are Rates
- Table: BMI's Bunker Fuel Forecasts, 2010-2016 ($/Bbl)
- Iran Sanctions Continue To Affect Crude Shipping
- Saudi Arabian Merger Bad News For Other Operators
- Table: Biggest Operators Of VLCCs & ULCCs
- Bullish On Golar LNG Prospects
- Tight Market Creates Boom Times For Rig Sector
Industry Trends And Developments
Market Overview
- Oman Dry Bulk Shipping Overview
- Oman Container Shipping Overview
Industry Forecast
- Port of Sohar Throughput Outlook
- Port of Salalah Throughput Outlook
- Table: Major Port Data, 2008-2016
- Trade
- Table: Trade Overview, 2008-2016
- Table: Key Trade Indicators, 2008-2016 (US$mn)
- Table: Main Import Partners, 2002-2009 (US$mn)
- Table: Main Export Partners, 2002-2009 (US$mn)
Company Profiles
- Oman Shipping Company (OSC)
- Maersk Line
- Mediterranean Shipping Company (MSC)
- CMA CGM
- COSCO Container Lines Company Limited (COSCON)
- Hapag-Lloyd
- Evergreen Line
- APL
- China Shipping Container Line (CSCL)
- Hanjin Shipping (Container Operations)
- Mitsui OSK Lines (MOL)
Demographic Outlook
- Table: Oman's Population By Age Group, 1990-2020 ('000)
- Table: Oman's Population By Age Group, 1990-2020 (% of total)
- Table: Oman's Key Population Ratios, 1990-2020
- Table: Oman's Rural And Urban Population, 1990-2020
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at
www.fastmr.com/catalog/publishers.aspx?pubid=1010
About Fast Market Research
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