Dubai Occupies Fifth Position in Key Shipping Index

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  • Singapore tops the list for 2019, with Hong Kong second and London third and Shanghai fourth.
  • Dubai came in the fifth position in the ISCDI for the second consecutive year in the latest survey by Baltic Exchange for Trading and Shipping.
  • The latest recognition adds immense value to the emirate’s pioneering track record on the global maritime map.
  • The emirates have outperformed some of the world’s top maritime centers including Rotterdam, Netherlands, and Hamburg, Germany.
  • ISCDI follows a methodology based on the assessment of competitiveness in attracting maritime businesses and efforts to integrate creativity and innovation in maritime centers.

According to an article published in Zawya, Singapore topped the list for 2019, with Hong Kong second and London third and Shanghai fourth.

Dubai occupies the fifth position

Dubai came in fifth in the International Shipping Centre Development Index (ISCDI) for the second consecutive year, in the latest survey by Baltic Exchange for Trading and Shipping and the Xinhua news agency of the China Economic Information Service based in London, UK.

Singapore topped the list for 2019, with Hong Kong second and London third and Shanghai fourth. Dubai maintained its fifth position globally, supported by a portfolio of advanced marine services and innovative logistics solutions that reflect the attractiveness, competitiveness, and comprehensiveness of the local maritime cluster.

Immense value to Emirates

Sultan Ahmed bin Sulayem, chairman of Dubai Ports, Customs and Free Zone and chairman, Dubai Maritime City Authority (DMCA) expressed his pride in Dubai’s position among the top five in the ISCDI for the second consecutive year.

He pointed out that this latest recognition is the result of pioneering efforts led by the DMCA in cooperation with leading government and private sector entities, in order to enhance the competitiveness and attractiveness of the local maritime sector and to make it one of the areas that contribute to economic diversification.

In line with the kingdom’s vision

This falls in line with the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who spearheads the economic diversification in order to build a stable and sustainable future.

Dubai’s ranking as the world’s fifth-best maritime hub reflects its highly competitive capabilities, which include state-of-the-art infrastructure, world-class maritime and logistics capabilities, a competitive business environment, and investment and free zones that offer integrated services the best in the world.

Outperforms world’s maritime centers 

The emirate has outperformed some of the world’s top maritime centers including Rotterdam, Netherlands, and Hamburg, Germany, that ranked sixth and seventh respectively.

Bin Sulayem said: Maintaining the fifth position among the leading international maritime centers motivates us to continue our efforts to further enhance Dubai’s competitiveness in the global maritime landscape.”

We are exploring ways to enhance the confidence of regional and international investors in the local maritime sector, especially shipping, ports, engineering, training, and maritime support services, based on strong foundations of R&D, innovation and smart transformation, he added.

The latest recognition can also be attributed to the unlimited support of the UAE’s wise leadership and the pioneering efforts of DMCA to develop the maritime and logistics system to the highest international standards and enhance the integration of operational efficiency, safety, which provide an ideal environment for owners, ship operators and regional and international investors in line with the objectives of the Dubai Maritime Sector Strategy, he concluded.

Dubai’s positive influence

The latest achievement also highlights DMCA’s success in carrying out a number of initiatives to support Dubai’s position as an influential force within the global maritime economy, particularly Dubai Maritime Sector Strategy, Dubai Logistics Strategy and Marine Industrial Strategy, as well as its successful hosting and active participation in major maritime forums and organisers of the largest and most comprehensive maritime event in the Middle East, the UAE Maritime Week.

ISCDI follows a methodology based on the assessment of competitiveness in attracting maritime businesses and efforts to integrate creativity and innovation in maritime centers around the world, as well as the vital role played by each of the candidates in stimulating the growth of the global maritime sector, it stated.

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Source: Zawya

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