Fast Market Research recommends "Bahrain Shipping Report Q3 2013" from Business Monitor International, now available

Boston, MA -- (SBWire) -- 09/09/2013 --Things are looking up for the Bahraini shipping sector. The Khalifa bin Salman Port (KBSP) is seeing volumes rise on the back of the massive hike in demand at Saudi Arabian ports. The consumer demand story also bodes well for domestic demand over the medium term, while the Port of Mina Salman could see tonnage volumes rise due to a house-building programme underway in the Kingdom.

Headline Industry Data

- Growth in KBSP total tonnage throughput forecast at 6.7% in 2013, with average annual growth forecast at 5.9% between 2013 and 2017.
- Growth in KBSP container throughput forecast at 6.6% in 2013, with average annual growth of 6.0% over our forecast period.
- Real growth in total trade forecast at 9.0% in 2013 and to average 5.1% over the medium term.

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Key Industry Trends

Number Of Docking Ships Increase 8% In 2012: Bahraini ports registered an 8% year-on-year (y-o-y) increase in the number of ships docking in 2012, according to the Minister of State for Information Affairs, Sameera Rajab. The rise indicated that the ports had recovered significantly from the slowdown caused due to the 2011 unrest, Rajab added. The number of commercial ships docking at Mina Salman port climbed 10% y-o-y.

ASRY Intends To Build Another Floating Dock: Bahrain-based Arab Shipbuilding and Repair Yard (ASRY) intends to build another floating dock with a multi-million dollar investment, according to ASRY CEO Chris Potter. The company seeks to upgrade and expand its existing facilities over the next five years. Potter added that the yard has been operating at near-full capacity so far in 2013, and ASRY expects to launch between 220 and 240 projects in the remainder of 2013.

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