New Market Research Report: Qatar Shipping Report Q1 2011

Dec. 11, 2010 - PRLog -- On a global level we see risks to all three core-shipping sectors (container and dry and liquid bulk), with overcapacity and a drop in demand continually threatening to push down rates and impinge on lines' profits.

We are bullish with regard to the Qatari economy, predicting that the country will enjoy the most rapid GDP growth in the world this year, at 15.2%. The Qatari economy is among the privileged hydrocarbonrich states in the Gulf region, sheltered by the relatively constant demand for energy (compared to other commodities), and less dependent on the general outlook of the global economy.

However, despite this growth forecast our outlook for container-throughput growth is rather less bullish. This is attributed to the demographics of the small Qatari population. We remain unconvinced by the need for the 2mn container capacity of the planned New Doha port.

Headline Industry Data

* 2011 Port of Doha throughput forecast 8.65% following a projected growth of 21.73% in 2010.
* 2014 Port of Doha throughput expected to reach 568,592TEU in 2014.
* Qatar GDP growth forecast to be 15.2% in 2010.

Key Industry Trends

Improved results for shipping lines: Qatar's main shipping companies, Qatar Navigation and Qatar Gas Transport Company (Nakilat), both of whom suffered a tough Q2 with a year-on-year (y-o-y) decline in profits, released in October their Q3 results which were much more favourable.

LNG remains key export: Risks to US exports due to shale gas production, but markets in Europe and Asia should compensate for this.

New dry dock: New dry dock being developed at Ras Laffan will reduce the need for maintenance and repairs abroad.

Key Risks To Outlook

With the Qatari economy so reliant on the export of hydrocarbons, the key risk to our forecasts is a drop in the global price of gas.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/100667_qatar_shipping_report_q...

Report Table of Contents:

Executive Summary
SWOT Analysis
- Qatar Shipping SWOT
Global Overview
- Container Shipping Overview
- Dry Bulk Shipping Overview
- Liquid Bulk Overview
Industry Trends And Developments
Market Overview
- Qatar Container Shipping Overview
Industry Forecast
- Table: Major Port Data
- Table:Trade Overview
- Table: Key Trade Indicators
- Table: Main Import Partners
- Table: Main Export Partners
Company Profiles
- A.P. MOLLER-MAERSK
- Mediterranean Shipping Company (MSC)
- CMA CGM
- Neptune Orient Lines (& APL)
- Hapag-Lloyd
- Evergreen Line
- China Ocean Shipping (Group) Company (COSCO)
- CSAV Shipping
- China Shipping (CSCL)
- Hanjin Shipping
- Mitsui OSK Lines (MOL)
- Nippon Yusen Kabushiki Kaisha (NYK)

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.