DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/43e8da/kuwait_shipping_re) has announced the addition of the "Kuwait Shipping Report Q1 2012" report to their offering.
Kuwait's ports have struggled to recover the volumes they enjoyed prior to the global economic downturn, but BMI expects this largely to be achieved in 2012, with only total tonnage throughput at Shuaiba not forecast to recoup lost levels until 2013. If there are continued instances of industrial unrest and strikes, however, as Kuwait's ports saw towards the end of 2011, then we may have to revise our forecasts down.
Kuwait's crude oil export facilities will continue to be busy in 2012. A pick up in demand as the US restocks inventories should boost throughputs, though there is the risk that another economic crisis could halt growth in Western oil demand once again.
Headline Industry Data
2012 Port of Shuaiba tonnage throughput growth forecast at 4.8% and to average 5.0% to 2016.
2012 Port of Shuwaikh container throughput forecast to grow 6.9% and to average 6.8% to 2016.
2012 total trade growth forecast to grow 3.6% and to average 3.8% to 2016.
Key Industry Trends
- Strikes At Kuwaiti Ports Provide Downside Risk To BMI Estimates
- KOTC To Take Delivery Of Oil Tanker
Companies Mentioned:
- United Arab Shipping Company (UASC)
- Maersk Line
- Mediterranean Shipping Company (MSC)
- CMA CGM
- COSCO Container Lines Company Limited (COSCON)
- Hapag-Lloyd
- Evergreen Line
- APL
- China Shipping Container Line (CSCL)
- Hanjin Shipping (Container Operations)
- CSAV
For more information visit http://www.researchandmarkets.com/research/43e8da/kuwait_shipping_re