Boston, MA -- (SBWIRE) -- 07/22/2013 -- The UAE will continue to dominate the Gulf region's shipping sector as it continues to invest heavily in its facilities. Not only has the massive Khalifa Port had a hugely successful opening in 2012, but the established behemoth, Jebel Ali, has announced plans for a new container terminal, helping it to keep ahead from the growing competition in the region. Even the smaller Sharjah terminals are performing well, with record growth in 2012. As such we project continued strong growth at the facilities, especially as the global economy looks set to continue its resurgence from the doldrums in 2013.

Headline Industry Data

- 2013 Jebel Ali and Port Rashid total tonnage throughput growth forecast at 5.7%, and to average 4.8% to 2017.
- Sharjah container throughput (KCT and SCT) is forecast to grow by 11.2% in 2013, averaging 6.2% over the medium term.
- Jebel Ali container throughput is forecast to grow by 5.1% in 2013. Through to 2017, we expect growth to average 5.8%.
- Total trade real growth is forecast at 7.0% in 2013 and to average 5.7% through to 2017.

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Key Industry Trends

Another Record Year For Gulftainer: Gulftainer, the UAE-based container terminal operator, has announced its 2012 throughput results for its Sharjah and Khorfakkan Container Terminals (SCT & KCT), showing a huge jump in volumes. This growth at the two terminals is indicative of that enjoyed over the past decade; BMI believes it is testament to Gulftainer's investment in their development that they have achieved this growth in what is an increasingly contested region for container shipping terminals.

DP World Concludes Dredging Project: In April, UAE-based ports operator DP World concluded the biggest dredging programme at the Jebel Ali Port in 10 years. The dredging, which has deepened the draught, will allow the port to handle bigger vessels and added to the expansion work currently underway. Emirates Shipping Line To Collaborate With APL, OOCL: UAE-based freight company Emirates Shipping Line confirmed in March that it will enter into a partnership with Singapore's APL and Hong Kong's OOCL to launch its new China-India Express Service.

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