Kuwait Freight Transport Report Q1 2012 - Crude oil export facilities will continue to be busy

by Press Release on 2012-01-30 23:36:11

DUBLIN--(Global Logistics Media)--Research and Markets (http://www.researchandmarkets.com/research/d89e4f/kuwait_freight_tra) has announced the addition of the "Kuwait Freight Transport Report Q1 2012" report to their offering.

Business Monitor International's Kuwait Freight Transport Report provides industry professionals and strategists, corporate analysts, freight transportation associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Kuwait's freight transportation industry.

Kuwait's ports have struggled to recover the volumes they enjoyed prior to the global economic downturn, but BMI expects this largely to be achieved in 2012, with only total tonnage throughput at Shuaiba not forecast to recoup lost levels until 2013. BMI forecast slow but steady growth in volumes at Kuwait International Airport, though with a determination to make Kuwait Airways a viable company once more, this could rise. If there are continued instances of industrial unrest and strikes, however, as Kuwait's ports and airports saw towards the end of 2011, then BMI may have to revise their forecasts down. Kuwait's crude oil export facilities will continue to be busy in 2012. A pick up in demand as the US restocks inventories should boost throughputs, though there is the risk that another economic crisis could halt growth in Western oil demand once again.

Headline Industry Data

• 2012 Port of Shuaiba tonnage throughput growth forecast at 4.8% and to average 5.0% to 2016.
• 2011 air freight tonnage growth forecast 1.4% and to average 1.1% a year to 2016.
• 2012 total trade growth forecast to grow 3.6% and to average 3.8% to 2016%.

Key Industry Trends

Agility's Share Price Jumps Amid Reports Of Kuwait Airways Purchase Plan In mid-September 2011 beleaguered Kuwaiti logistics company Agility saw its share price pick up amid reports that the firm was in talks to purchase a stake in ailing Kuwait Airways, which was being prepared for privatisation. At the time, BMI noted that the development might help Agility offset the loss of its US Army contracts, and had excited investors. As it later transpired, Kuwait Airways is no longer for sale and is being restructured instead.

Companies Mentioned:

• Kuwait Airways (Cargo)
• Agility
• United Arab Shipping Company (UASC),

For more information visit http://www.researchandmarkets.com/research/d89e4f/kuwait_freight_tra

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