DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/358a1a/qatar_shipping_rep) has announced the addition of the "Qatar Shipping Report Q3 2011" report to their offering.
The port of Doha is set continue posting container growth in 2011 after what we estimate to have been a small increase in 2010.
This report is bullish with regard to the Qatari economy, predicting that the country will enjoy the most rapid GDP growth in the world this year, at 17.2%. The Qatari economy is among the privileged hydrocarbonrich states in the Gulf region, sheltered by the relatively constant demand for energy (compared with other commodities), and less dependent on the general outlook of the global economy. However, despite this growth forecast this report's outlook for container-throughput growth is rather less bullish. This is attributed to the demographics of the country. This report remains unconvinced of the need for the 2mn container capacity of the planned New Doha port.
Industry Data:
- 2011 port of Doha container throughput forecast to grow 9%, over the mid-term we project a 24% increase.
- 2011 total trade growth forecast at 8.62%.
Key Industry Trends
New Doha Port Plans
Over the mid term this report projects further growth at the port of Doha until operations are moved to the New Doha port (currently scheduled for opening in July 2015 according to the website).
Take Step Forward: The New Doha port project has moved a step closer to completion with the news that Qatar has signed a deal with China Harbour Engineering Company (CHEC) to undertake the construction of the first phase of the port. BMI notes that although the port has been planned for some years now, since the Emir of Qatar issued a decree for its construction in December 2007, its construction fits in with the boon the country's transport infrastructure sector is set to enjoy in the light of Qatar having won the 2022 Football World Cup.
Qatar Navigation Increases Net Profit: Qatar Navigation, which handles Qatar's container shipping operations and dominates the feeder shipping sector between Doha and the UAE, from where most of Qatar's containers are transhipped, has published its financial results for 2010. The company posted a net profit of QAR1.099bn for the year, compared with QAR472,407 in 2009.
Nakilat Started Transporting Qatargas 4 LNG: Qatar's liquefied natural gas (LNG) producer Qatargas has started shipments from its Qatargas 4 (QG4) project in February 2011. Qatar Gas Transport Company (Nakilat) with the support of STASCO will be transporting the LNG that QC4 produces using eight vessels with a capacity of 210,000-266,000m3 each.
Risks to Outlook: With the Qatari economy so reliant on the export of hydrocarbons, the key risk to our forecasts is a drop in the global price of gas.
Key Topics Covered:
SWOT Analysis
- Qatar Shipping SWOT
Global Overview
- Container Industry Overview
- Drivers
- Bellwethers
- Rates
- Players
- Dry Bulk Shipping Overview
- Drivers
- Capacity
- Rates
- Liquid Bulk Shipping Overview
- Drivers
- Capacity
- Rates
- Players
- Geopolitical Developments
Industry Trends and Developments
Market Overview
- Qatar Container Shipping Overview
- Overview
Industry Forecast
- Table: Major Port Data
- Table: Trade Overview
- Table: Key Trade Indicators
- Table: Main Import Partners
- Table: Main Export Partners
Companies Mentioned:
- Maersk Line
- Mediterranean Shipping Company (MSC)
- CMA CGM
- Hapag-Lloyd
- Evergreen Line
- APL
- CSAV
- COSCO Container Lines Company Limited (COSCON)
- Hanjin Shipping
- China Shipping (CSCL)
For more information visit http://www.researchandmarkets.com/research/358a1a/qatar_shipping_rep