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Sultan Bin Sulayem (left) showcasing Dubai maritime's ranking with Abdulla Abdul Rahman Al Shaibani (right)

Dubai among world's leading global maritime hubs

DUBAI, June 2, 2015

Dubai is poised to become one of the top seven leading maritime centres in the world over the next five years, according to a recent international survey conducted by Menon Business Economics Group.

Menon Business Economics Group, a renowned organisation for benchmarking leading maritime capitals of the world, polled around 1,600 maritime professionals and experts from 33 countries of all five continents.

Industry analysts and authorities agree that Dubai is on track to progress from being the leading maritime city in the Middle East to becoming the seventh leading maritime capital of the world by 2020, ahead of cities such as London (UK), New York (US), Tokyo (Japan), Copenhagen (Denmark), and Rio de Janeiro (Brazil) among others, said the report.

Dubai ranked fifth overall under the Ports and Logistics indicator, and was named one of the five largest port operators in the world by headquarters, it said.

Industry experts positioned the city 10th in the world in relation to both the size of ship owners’ fleets and size of fleets managed from the city, ahead of cities such as New York (US), Rotterdam (Netherlands) and Oslo (Norway).  

Dubai also ranked among the Top 10 global players in terms of leading centres for port and logistics services (sixth); site of world-class specialised logistics services (sixth); and volume of twenty-foot equivalent units (TEU) handled in city ports in 2013 (10th).

Abdulla Abdul Rahman Al Shaibani, secretary general of the Executive Council of Dubai, said: “We are pleased with Dubai’s standing in the maritime sector global rankings. Being the number one in the region, and among the top players globally, indicates that we are moving in the right direction.”
 
The world’s leading maritime cities were benchmarked based on the four main maritime indicators based of finance, technology, ports and logistics, as well as shipping, in addition to an overall assessment of the cities’ competitiveness and attractiveness.

The survey noted that strong knowledge centres with a solid pool of experts attract more maritime business to a city, and that marine insurance is essential to a functioning shipping market.

With these features in mind, Dubai was again placed 10th in the world in terms of both the number of maritime legal experts practicing in the city and insurance premiums collected (in millions of US dollars) in 2013, said the statement.

Respondents also ranked Dubai ninth in the world in terms of the number of ships classed by societies headquartered in the city.

Sultan Bin Sulayem, chairman of Dubai Ports, Customs and Free Zone Corporation and president of the Dubai Maritime City Authority, said: “As the results show, we are particularly adept at providing world-class port and logistics services, and so we shall further reinforce our capabilities and resources in this area. We will also aim for excellence in other key indicators such as shipping services, maritime legal expertise, maritime insurance, and competitiveness and attractiveness.”

“Dubai Maritime City Authority (DMCA) will continue to push for more infrastructure investments, introduce impactful policies and regulations, and hone more local expertise to expedite Dubai’s transformation into one of the world’s leading maritime hubs,” he added.-TradeArabia News Service
 




Tags: logistics | Dubai | Maritime | shipping | Ranking |

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