Fast Market Research

New Report Available: Kuwait Shipping Report Q2 2014

New Transportation research report from Business Monitor International is now available from Fast Market Research

 
Repost This

Boston, MA -- (SBWIRE) -- 04/30/2014 -- What bodes 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.

Headline Industry Data

View Full Report Details and Table of Contents

- 2014 Port of Shuaiba tonnage throughput growth forecast at 13.0% and to average 9.5% to 2018.
- 2014 Port of Shuwaikh container throughput forecast to grow 7.8% and to average 5.6% to 2018.
- 2014 total trade growth forecast to grow 2.4% and to average 2.5% to 2018.

Key Industry Trends

Industrial Unrest: There have been a number of industrial disputes between Kuwaiti ports and the oil sector and their workers over the past quarter. In December 2013, the Kuwait Ports Authority Labour Syndicate threatened to halt work at the country's three premier ports of Shuwaikh, Shuaiba and Doha if new insurance contracts were not drawn up for employees.

UASC Busy At Kuwait's Ports: United Arab Shipping Company (UASC) moved 4,913 twenty-foot equivalent units (TEUs) to Iraq from all over the world in October 2013, according to a statement from the company. The company, which is a joint venture by the Arab countries of Bahrain, Iraq, Qatar, Saudi Arabia, the UAE and Kuwait, said that 2,217 of these containers were from Asia, while 1,191 were from Europe.

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:

- Poland Shipping Report Q2 2014
- Croatia Shipping Report Q2 2014
- Iran Shipping Report Q2 2014
- Brazil Shipping Report Q2 2014
- Indonesia Shipping Report Q2 2014
- Nigeria Shipping Report Q2 2014
- Vietnam Shipping Report Q2 2014
- Australia Shipping Report Q2 2014
- Greece Shipping Report Q2 2014
- Oman Shipping Report Q2 2014