AMAD SHIPPING Oil Expansions And Business Opportunity For Entry In Shipping.
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Transcript of AMAD SHIPPING Oil Expansions And Business Opportunity For Entry In Shipping.
AMAD SHIPPINGAMAD SHIPPINGOil Expansions
And Business Opportunity For Entry In Shipping
Saudi Arabia is the biggest exporter of oil and petrochemical in the world.
Saudi Arabia total tanker fleet dwt as of
March 2010, is 12.5 million dwt.
Saudi Arabia total tanker fleet dwt as of March 2010, represents 3% of global fleet.
Source: Drewry
Forecasted refinery Forecasted refinery production for Saudi Arabia production for Saudi Arabia
0
0.5
1
1.5
2
2.5
3
3.5
4
2008 2009 2010 2011 2012 2013 2014
Liquid chemical production Liquid chemical production forecast for Saudi Arabiaforecast for Saudi Arabia
0
5,000
10,000
15,000
20,000
25,000
30,000
2008 2009 2010 2011 2012 2013
Ethylene expansions 2008 - 2013Ethylene expansions 2008 - 2013
Tanker Trade 2005 - 2014Tanker Trade 2005 - 2014
Tanker Utilization (%)Tanker Utilization (%)
Investing In ShippingInvesting In ShippingFinancial ReasonsFinancial Reasons::-Shipbuilding prices at their 15 years low-Shipbuilding prices at their 15 years low-High capital growth-High capital growth-High future demand -High future demand
Strategic ReasonStrategic Reason::-Support the National Security-Support the National Security-Maintain the competitiveness of exports -Maintain the competitiveness of exports -Support the GDP and the balance of trade-Support the GDP and the balance of trade
RecommendationRecommendation
--Create a financial Channel to finance the shipping sector like SIDF or add shipping finance to the mandate of the fund .
-Increase and improve the shipping subsidies
-Activate the government instruction to give preference to the national fleet .