REPORT: Breakbulk logistics a bright spot in 2017?
The current low oil price environment has provided robust opportunities in the Middle East’s project logistics and breakbulk sector according to a panel of experts at a press conference held for Breakbulk Middle East 2016.
Breakbulk Middle East will be at ADNEC, Abu Dhabi on 23rd-26th and will be co-located with NATRANS Expo.
“The movement of project cargo is essential for oil & gas, energy and infrastructure projects throughout the region… we have billions worth of projects in the pipeline,” said Dr. Abdullah Al Katheeri, Director General, Federal Transport Authority.
A panel of industry experts discussed some of the key opportunities and challenges facing the project cargo transportation and logistics sectors in the Gulf.
Analysis by global management consulting firm A.T. Kearney identifies opportunities for Middle East oil and gas players to take advantage of the growing global demand for natural gas.
Ada Perniceni, partner, A.T. Kearney, said that now is an attractive time for the Middle East players to tap into these opportunities and benefit from the current level of lowered upstream capital costs combined with lower raw material prices.
“In the next few years the Middle East is likely to increase its exporting position in gas in addition to meeting the fast-growing regional demand. We expect to see more projects kick off and an increased demand for suppliers such as logistics providers servicing this sector,” said Perniceni.
Mark Rimmer, event director - EMEA, Breakbulk, said the Breakbulk Middle East conference is the ideal forum to expand on this and other critical themes. “We’re looking forward to lively discourse and in-depth analysis at the event.”
“There are some unique challenges and opportunities in the Middle East when it comes to infrastructure projects and the associated breakbulk and project logistics sectors forming part of the supply chain,” he added. “How regional players leverage the current low cost environment is a key talking point.”
During the press conference speakers from key sponsors also provided their expert insight and analysis on the trends to be discussed at the Breakbulk Middle East conference.
Dr. Abdullah Al Katheeri, Director General, Federal Transport Authority was joined by senior representatives from Abu Dhabi Ports Company, Almajdouie Logistics, and Bahri to discuss how regional organisations can capitalise on the current industry landscape.
Following the success of the inaugural Breakbulk Middle East event, the second conference and exhibition will see even more of the world’s largest EPCs, logisticians and transport providers come together in Abu Dhabi. Megaprojects in the region —oil & gas, electricity, water, renewable energy, infrastructure — will be a key focus.
With a vision to succeed as a global trade hub, Abu Dhabi was again chosen as the ideal destination for the event, welcoming international visitors, businesses and investors to the Middle East to discuss the key challenges and opportunities found in the breakbulk and project logistics sectors in the region.
Breakbulk Middle East 2016 will welcome 63 exhibitors, 46 speakers and 250 delegates, pre-event 23rd and 24th October focus on heavy lift workshops and educational day. Exhibition, conference and seminars on the 25th & 26th October. Breakbulk is pleased to welcome its sponsors, Abu Dhabi Ports, DP World, Almajdouie, Bahri, Rickmers-Linie, Cheekay Shipping, Hoegh Autoliners, Rohling, Sarjak, APM, Geodis and Modulift.