Report Published: "Qatar Shipping Report Q2 2015"

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

The Qatari shipping sector continues to be dominated by the export of the country's key commodity, natural gas, through the export terminal of Ras Laffan. Much of this is carried by national carrier Qatar Gas Transport (Nakilat). However, the country is also looking to increase its container and dry bulk shipping presence, through the development of the New Doha Port, which is being developed with an eye to capturing some lucrative transhipment trade. Furthermore, Qatar is making its presence felt in foreign ports sectors and is investing in developing facilities in Egypt.

Headline Industry Data

* Port of Doha container throughput forecast to grow by 5.7% in 2015, and to average 10.9% per annum to 2019 (including transferred operations to New Doha from 2016).
* 2015 port of Doha total tonnage throughput forecast to expand by 36.0% to 1.51mn tonnes, and to average 24.5% per annum over our forecast period (including transferred operations to New Doha from 2016).
* 2015 total real trade growth forecast at 4.9%, and to average 4.3% over our forecast period (2015-2019.

Full Report Details at

Key Industry Trends

Contracts To Construct New Container Port Awarded : Contracts for a new container port at Mesaieed worth QAR14bn (USD3.8bn) have been awarded by the government of Qatar, according to ministry officials. The new container terminal will be part of the New Port project, which has an estimated cost of USD7.4bn. According to the officials, the port will have an initial handling capacity of 2mn containers after the first phase is completed and a total capacity of 6mn tonnes on completion of the other two phases. Nearly 53% of the contracts have been awarded to Qatari firms, keeping in line with the country's National Vision for 2030.

Oil Price Fall To Have Relatively Little Impact On Demand: We expect that Qatar will be the least affected of the Gulf states by the recent fall in the oil price, and will maintain a healthy pace of real GDP growth and private consumption expansion....

The Qatar 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 Qatar.

BMI's Qatar 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 Qatar.

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Contact Name: Bill Thompson
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