Recently published research from Business Monitor International, "Qatar Shipping Report Q2 2014", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 03/21/2014 -- The Qatari shipping sector continues to be dominated by the export of the country's key commodity, natural gas, through the export terminal of Ras Laffan. Much of this is carried by national carrier Qatar Gas Transport (Nakilat). However, the country is looking to increase its container and dry bulk shipping presence as well, through the development of the New Doha Port, which is being developed with an eye towards capturing some lucrative transhipment trade. Further, Qatar is making its presence felt in foreign ports sectors and is investing in developing facilities in Egypt.
- 2014 Port of Doha container throughput forecast to grow 3.5%, and to average 11.8% per annum to 2018 (including transferred operations to New Doha from 2015).
- 2014 Port of Doha total tonnage throughput forecast to expand by 3.1% to 8.95mn tonnes, and to average 8.8% per annum over our forecast period (including transferred operations to New Doha from 2015).
- 2014 total real trade growth forecast at -0.7%, and to average -1.9% over our forecast period as gas prices fall.
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Key Industry Trends
Milaha Announces Growth In Profits: Over the first nine months of 2013, Milaha made a net profit of US $213.65mn, a 22.1% gain on the US$174.93mn made in the corresponding period in 2012.
RasGas Delivers Second LNG Cargo To Petronet: Qatari liquefied natural gas (LNG) producer RasGas delivered its second LNG cargo to India's state-owned oil and gas company Petronet LNG at the Kochi LNG Receiving Terminal in November 2013. 'The supply to the Kochi LNG terminal is an indication of the strength of our relationship and the importance we place on India as a strategic LNG market,' said RasGas' CEO, Hamad Rashid al-Mohannadi.
N-KOM To Convert Q-Max Vessel To Use LNG: Qatari shipping company Nakilat-Keppel Offshore & Marine (N-KOM), along with Qatargas, RasGas Company and MAN Diesel and Turbo, has disclosed plans to convert a Q-Max vessel to run on liquefied natural gas (LNG) as fuel. N-KOM will use MAN Diesel's ME-GI systems for the conversion of the low-speed diesel LNG vessel.
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