Presentation on theme: "AMAD SHIPPING Oil Expansions And Business Opportunity For Entry In Shipping."— Presentation transcript:
AMAD SHIPPING Oil 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 production for Saudi Arabia
Liquid chemical production forecast for Saudi Arabia
Tanker Utilization (%)
Investing In Shipping Investing In Shipping Financial Reasons: -Shipbuilding prices at their 15 years low -High capital growth -High future demand Strategic Reason: -Support the National Security -Maintain the competitiveness of exports -Support the GDP and the balance of trade
Recommendation Recommendation - - 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.