The region is set to see a glut of new port capacity coming on stream but will there be sufficient demand?
Over the past decade the Middle East has been one of the world’s most stable regions for economic growth. Average annual container traffic growth was 11.5% between 2001 and 2011, according to Drewry Shipping Consultants, while gateway and transhipment traffic registered a compound annual growth rate (CAGR) of 11.7% and 11.4% respectively.
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This complete item is approximately 2000 words in length, and appeared in the October 2012 issue of WorldCargo News, on page 29. To access this issue download the PDF here.
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