Boston, MA -- (SBWIRE) -- 11/10/2015 -- Throughput growth at Oman'smain ports will continueathealthy levelsin2016, as expansion of capacity continues apace.This will strengthen Oman's position as a key transhipment hub as well as meeting growing demand for the import and export of key drybulk materials. The government's efforts to grow the non-oil based economy as well as shore up infrastructure around the main shipping hubs will also benefit trade in the region. The Port of Salalah remains vulnerable to declines in container throughput,although this will be much less markedcompared to 2015.

Over the medium term, Oman's shipping industry will continue to grow, with container throughput at the Port of Sohar's seeing particularly strong improvements. The Port of Salalah, which makes up the bulk of the country's container activity, will see some improvement in growth figures compared to 2015. With total trade growth settling at 2.05% by 2018 and onwards, imports will see the most improvement, while exports will see only very small growth over the medium term.

Get More Details on this Report and a Full Table of Contents at Oman Shipping Report Q1 2016

Headline Industry Data

2015 port of Sohar tonnage throughput forecast to grow 21.8% to 54.85mn tonnes and 7.3% to 58.88mn tonnes in 2016.
2015 port of Salalah container throughput forecast to contract by 20% to 2.43mn twenty-foot equivalent units (TEUs) and again by 0.3% in 2016 to 2.42mn tonnes.
2015 total trade growth forecast at 3.9%, slowing to 3% in 2016.

Key Industry Trends

The Port of Salalah set a number of records for cargo handling in 2015, as it continues to grow its throughput. It is making particular efforts to support small and medium-sized companies to establish themselves at the port as it continues to implement a 20-year master plan for expansion. This will include a railway connection and distribution centre as well as other processing and storage facilities. The mining of limestone and gypsum are two areas that have shown good growth in 2015.

The Oman Shipping Report has been researched at source and features latest-available data and BMI Research'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 Oman.

BMI's Oman 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 Oman.

Key Benefits

-Benchmark BMI's independent shipping industry forecasts for Oman to test other views - a key input for successful budgeting and strategic business planning in the Omani shipping market.
-Target business opportunities and risks in Oman 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.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Transportation research reports at Fast Market Research

You may also be interested in these related reports:

-United Arab Emirates Shipping Report Q1 2016
-Egypt Shipping Report Q1 2016
-India Shipping Report Q1 2016
-Indonesia Shipping Report Q1 2016
-Malaysia Shipping Report Q1 2016