New market study, "United Arab Emirates Shipping Report Q2 2015", has been published

From: Fast Market Research, Inc.
Published: Fri Feb 20 2015

The UAE is the regional giant when it comes to shipping, and we see no chance of this changing in 2015, as it continues to develop its ports. The behemoth of Jebel Ali - the largest container-handling facility between Rotterdam and Singapore - is forecast to handle a massive 14.54 twenty-foot equivalent units (TEUs) over the course of the year, on growth of 3.5%, which will be boosted by an expansion to a handling capacity of 19mn TEUs. Port Khalifa, meanwhile - only launched in 2012 - has already handled 2mn TEUs since it started operations and is expected to see more double-digit growth in 2015.

Although a relatively sluggish expansion rate in Europe will mean that throughput growth at Jebel Ali will not exceed 4.5% over the next five years, between the two facilities and ongoing investment therein the emirates will continue to dominate Gulf shipping and remain the premier transhipment destination in the region.

Headline Industry Data

* Sharjah Terminals container throughput (KCT and SCT) is forecast to grow by 5.9% in 2015, averaging 4.5% over the medium term.
* Jebel Ali container throughput is forecast to grow by 3.5% in 2015. Through to 2019, we expect growth to average 3.9%.
* Port Khalifa's box throughput will expand by 18.7% to 1.30mn TEUs. Growth will remain strong, averaging 15.6% to 2019.
* Total trade real growth is forecast at 6.4% in 2015 and to average 4.8% through to 2019.

Full Report Details at

Key Industry Trends

Expansions Keeping UAE Ports Ahead Of The Game: One of the reasons the shipping sector in the UAE is so successful is because its ports are constantly improved and expanded. As demand for the facilities grows they continue to add new berths and invest in new state-of-the-art infrastructure. This is highlighted by the expansion of the port of Jebel Ali to 19mn TEUs capacity which is expected to be completed in 2019, and by a recent deal to expand Port Khalifa. UAE-based Abu Dhabi Commercial Bank (ADCB) has signed an AED300mn (USD81.68mn) financing...

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

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You may also be interested in these related reports:

- United Arab Emirates Freight Transport Report Q2 2015
- United Arab Emirates Autos Report Q1 2015
- United Arab Emirates Petrochemicals Report Q2 2015
- United Arab Emirates Oil & Gas Report Q1 2015
- United Arab Emirates Retail Report Q1 2015
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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