Newly released market study: Oman Shipping Report Q4 2015

The outlook for Oman's shipping sector remains mixed , reflecting the country's main ports' specialisation. The port of Salalah is expected to post another strong annual increase and achieve historic highs in total tonnage helped by higher demand for limestone and gypsum it handles while box volumes at the country's top container facility will endure another year of decline in 2015, affected by decreasing transhipment.

The port of Sohar will enjoy strong growth in 2015 - both in terms of total and container throughput. This is largely due to the transfer of operations from Sultan Qaboos, although continued investment into new dry bulk industries will also prompt growth. Over the medium term, we project further growth at the port of Sohar and total throughput growth at the port of Salalah while container volumes at Salalah will continue declining. However, despite the at-times challenging outlook, Oman continues to invest in its maritime facilities.

Full Report Details at
- http://www.fastmr.com/prod/1038318_oman_shipping_report_q4_2015.aspx?afid=301

Headline Industry Data

2015 port of Sohar tonnage throughput forecast to grow 21.8% to 54.85mn tonnes.

2015 port of Salalah container throughput forecast to contract by 20% to 2.43mn TEUs.

2015 total trade growth forecast at 3.9%.

Key Industry Trends

Sohar Container Capacity T o Reach 6mn TEUs: The USD303mn expansion of Oman International Container Terminal (OICT) at the port of Sohar will quadruple its capacity to 6mn TEUs by 2019. OICT is a joint venture between Hutchison Port Holdings, the Government of the Sultanate of Oman, Steinweg of Netherlands and a number of other Omani investors.

Oman To Get First Sugar Refinery: An engineering, procurement and construction contract between Oman Sugar Refinery Company and China's Sinolight Corporation to develop a sugar refinery at the port of Sohar was signed on June 7 2015. Completion of the country's first such facility is expected by the end of 2017.

The Oman 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 Oman.

BMI's Oman 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 Oman.

Key Benefits

* Benchmark BMI's independent shipping industry forecasts for Oman

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