Kuwait Shipping Report

 Published On: Dec, 2013 |    No of Pages: 114 |  Published By: BMI Shipping | Format: PDF
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Industry View
Kuwait's ports have struggled to recover the volumes they enjoyed prior to the global economic downturn,
but BMI expects this recovery to be completed for 2014. Downside risks from industrial actions by ports
and customs workers appear to have dissipated, though we caution that they may rise up again, bringing
additional risk to our outlook.
What does bode well for Kuwait's container ports is our macroeconomic outlook for the country, where
high oil prices in recent years have translated into increased spending by the Kuwaiti government. This will
boost growth at the Gulf state's ports, both through spending on infrastructure projects impacting on total
tonnage throughputs, and consumer spending boosting imports of containerised goods. However, delays to
infrastructure projects could hamper tonnage throughput, and a plateauing in oil production has led us to
forecast GDP growth of 2.9% in 2014. In line with the slowing economic growth we see a slightly slower
pace of growth playing out at Kuwaiti ports.

Industry View 7
SWOT 9
Shipping 9
Political SWOT 10
Economic SWOT 11
Business Environment SWOT 12
Industry Forecast 14
Port Of Shuwaikh Throughput 14
Port Of Shuaiba Throughput 17
Table: Major Port Data, 2011-2018 19
Table: Trade Overview, 2011-2018 19
Table: Key Trade Indicators, 2011-2018 20
Table: Main Import Partners, 2004-2011 21
Table: Main Export Partners, 2004-2011 21
Market Overview 23
Kuwait Liquid Bulk Shipping Market Overview 23
Kuwait Container Shipping Market Overview 29
Industry Trends And Developments 34
Company Profile 36
Kuwait Oil Tanker Company (KOTC) 36
Shipping - Global Industry View 39
Box Demand: Container Outlook Strengthening In 2014 39
Box Supply: Slowing New Vessel Deliveries To Decrease Overcapacity Pressure 56
Table: Q313 Container Vessel Deliveries 57
Table: 2013 Mega Vessel Orders 58
Box Rates: Rate Push In Preparation For 2014 62
Table: 2012 & 2013 SCFI Europe Base Port Average Freight Rate Overview 69
Table: 2012 & 2013 SCFI USWC Base Port Average Freight Rate Overview 69
Global Company Strategy 70
Maersk Line 70
Mediterranean Shipping Company 78
CMA CGM 84
Evergreen Line 91
COSCO Container Lines Company 97
Macroeconomic Forecasts 103
Table: Kuwait - Economic Activity 110
Demographic Forecast 111
Demographic Outlook 111
Table: Kuwait's Population By Age Group, 1990-2020 ('000) 112
Table: Kuwait's Population By Age Group, 1990-2020 (% of total) 113
Table: Kuwait's Key Population Ratios, 1990-2020 114
Table: Kuwait's Rural And Urban Population, 1990-2020 114

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