New Market Research Report: Kuwait Shipping Report Q3 2015

We expect continued growth through Kuwait's major ports. Although the economy faces significant challenges from the dramatic fall in the price of oil through the closing months of 2014 - Kuwait is reliant on oil revenues - we believe that growth will hold up, thanks to considerable reserves and a commitment to a five-year plan. This will maintain growth in gross tonnage volumes through the country's ports. In terms of container demand, we expect that household spending in Kuwait will continue to grow, and that the country's container-handling facilities will see steady if unspectacular growth over the next several years. That said, the opening of the new Mubarak al-Kabir facility, now expected to happen in 2016, will boost volumes in the country.

Full Report Details at
- http://www.fastmr.com/prod/1001123_kuwait_shipping_report_q3.aspx?afid=301

Headline Industry Data

* 2015 port of Shuaiba tonnage throughput growth forecast at 10.0% and to average 8.5% to 2019.
* 2015 port of Shuwaikh container throughput forecast to grow 3.9% and to average 3.7% to 2019.
* 2015 total trade growth forecast to grow 2.6% and to average 2.5% to 2019.

Key Industry Trends

Government Increases Security At Domestic And Foreign Oil Facilities: The Kuwaiti government has increased security at its oil facilities in the country and abroad, following the start of a military operation in Yemen by Saudi Arabia and its Arab allies, according to state-owned Kuwait Petroleum Corporation's acting CEO Mohammad al-Farhoud. 'In the light of developments in Yemen and to protect the strategic interests of the oil sector and securing oil products for inside and outside several procedures and precautionary steps taken,' said al-Farhoud. The measures include securing all industrial safety and security requirements to strengthen the protection of Kuwait's domestic and foreign oil installations, including its export terminals.

US Withdrawal Potential Boost For Shuaiba: The US military is withdrawing from Afghanistan after over 10 years of conflict and peacekeeping in the country....

The Kuwait Shipping Report has been researched at source and features latest-available data and BMI Research'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 Kuwait.

BMI's Kuwait 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 Kuwait.

Key Benefits

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