Bahrain Shipping Report - Business Monitor International - Industry Reports

Bahrain Shipping Report

Bahrain Shipping Report - Business Monitor International - Industry Reports
Bahrain Shipping Report
Published Oct 31, 2015
89 pages — Published Oct 31, 2015
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We expect Bahrain to continue develop its role as a regional transhipment hub over the remainder of ---- and into ----, with strong container and tonnage throughput growth at Bahrian s premier maritime facility, the Khalifa bin Salman Port (KBSP), forecast to continue. However, growth rates are forecast to slow: from --.- to --.- for box throughput and from --.- to -.- for tonnage throughput, with the latter fall attributed to the ongoing slump in oil prices. ...We expect Bahrain to continue develop its role as a regional transhipment hub over the remainder of ---- and into ----, with strong container and tonnage throughput growth at Bahrian s premier maritime facility, the Khalifa bin Salman Port (KBSP), forecast to continue. However, growth rates are forecast to slow: from --.- to --.- for box throughput and from --.- to -.- for tonnage throughput, with the latter fall attributed to the ongoing slump in oil prices. Over the medium term, Bahrain s shipping sector will continue to rely on transhipment as a source of growth. ...The economy s medium-term outlook remains contingent upon a lasting solution being found to the current political crisis. We maintain a relatively guarded outlook on the prospects that the government and opposition can come to an agreement in the near term.

...Oil prices continue to be a source of risk as exports are highly vulnerable to changes in demand in the oil- dependent Gulf. The continued fluctuations in oil prices make the outlook for Bahrain s shipping sector uncertain going forward. ...Export growth will be restricted by Bahrain s limited variety of export products and modest prospects for oil production growth. This leaves Bahrain without any significant source of export growth until the planned additions to aluminium and refined oil production capacity come online toward the end of the current decade. Import growth will also be slow due to a less expansionary fiscal policy stance and weaker domestic demand reducing purchases of imported goods. ...Import growth will also be slow due to a less expansionary fiscal policy stance and weaker domestic demand reducing purchases of imported goods. However, demand for capital goods, raw material, and machinery from abroad will remain fuelled by Bahrain s infrastructure investments and limited domestic manufacturing capacity.

...Improving efficiency was the key topic up for discussion during the talks and the minister was briefed on the latest raft of plans. ...The APM Terminals CEO Marco Neelsen explained that he believed ---,---TEUs for the full-year would be a realistic target. Asry Looks To Continue Growth - Asry, the Bahrain-based shipyard, has announced that it is confident of achieving efficiency-driven gains in ----, following an impressive year which saw the company achieve revenues of USD---mn after repairing --- vessels in ----. The company also has its eyes on increasing its influence in Saudi Arabia. ...

  
Source:
Document ID
2040-9931
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Bahrain Shipping Report" Oct 31, 2015. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Bahrain-Shipping-Report-2026-1275>
  
APA:
Business Monitor International - Industry Reports. (2015). Bahrain Shipping Report Oct 31, 2015. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Bahrain-Shipping-Report-2026-1275>
  
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