Boston, MA -- (SBWIRE) -- 01/27/2015 -- Bahrain's main maritime facility, the Khalifa bin Salman port, is set to continue posting solid growth figures in 2015, especially in terms of container throughput. Volumes at the facility are rising as a result of the massive hike in demand at Saudi Arabian ports.

Our outlook for the facility is a reflection of our forecasts for the Bahraini shipping industry as a whole. The country's domestic consumer demand outlook bodes well for its ports sector over the medium-term. The port of Mina Salman should see tonnage volumes rise as well, on the back of demand from an extensive housebuilding programme under way in Bahrain.

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Headline Industry Data

- Growth in KBSP total tonnage throughput is forecast at 13.1% in 2015, with average annual growth of 10.6% between 2015 and 2019.

- Growth in KBSP container throughput is forecast at 7.8% in 2015, with an average annual growth of 6.8% over our forecast period to 2019.

- Real growth in total trade is forecast at 3.4% in 2015 and to average 3.5% over the medium-term.

Key Industry Trends

KBSP Dispute Resolved: A dispute over outstanding storage charges has finally been resolved at the Khalifa bin Salman Port (KBSP). In August 2014 the port operator, APM Terminals (APMT), began withholding and refusing to release containers from the facility if their owners had not settled their outstanding bills.

UASC Names First LNG-Ready Mega Vessel: Gulf-based ocean freight services provider United Arab Shipping Company (UASC) has named the first-ever liquefied natural gas-ready mega vessel, according to the company's website. The MV Sajir has a capacity of 15,000 twenty-foot equivalent units (A15) and is the largest and most eco-efficient vessel in that capacity range, the website states.

IPO Planned For Khalifa Bin Salman Port Operator: In May 2014, Bahrain's Ministry Of Transportation revealed plans to launch an initial public offering (IPO) of shares in the company that operates the Khalifa bin Salman port. The listing would...

The Bahrain Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'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 Bahrain.

BMI's Bahrain 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 Bahrain.

Key Benefits

- Benchmark BMI's independent shipping industry forecasts for Bahrain to test other views - a key input for successful budgeting and strategic business planning in the Bahraini shipping market.

- Target business opportunities and risks in Bahrain through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.

- Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering shipping, major investments and projects and significant multinational and national company developments.

SWOT Analysis

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's shipping sector, which carefully evaluates the short- and medium-term issues facing the industry.

Market Overview

Analysis of the capacity, terminals and planned development of the major ports in each country, including data on throughput and total tonnage.

Industry Forecast Scenario

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and macroeconomic indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).

Company Profiles

Company profiles include business activities, leading products and services, company strategy, trends and developments and economic performance analysis.

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