Dubai named among world's top 5 shipping hubs

Emirate rises up the latest edition of the International Shipping Centre Development Index which is topped by Singapore
Dubai named among world's top 5 shipping hubs
Sultan Ahmed bin Sulayem, chairman of the Ports, Customs and Free Zone Corporation (PCFC) and chairman of Dubai Maritime City Authority (DMCA). (KARIM SAHIB/AFP/Getty Images)
By Sam Bridge
Sat 28 Jul 2018 09:38 AM

Dubai has been named as one of the world's top five maritime hubs in the International Shipping Centre Development Index (ISCD).

Only Singapore, Hong Kong, London and Shanghai were ranked higher than Dubai in the index published by the London-based shipping exchange the Baltic Exchange and Xinhua, the Chinese news agency.

The report said that backed by legal and legislative excellence, Dubai is known for its advanced infrastructure, world-class maritime and logistics capabilities - a competitive environment conducive to trade, business and investment.

Dubai overtook the German port of Hamburg, which fell from fourth to seventh place in the rankings.

Sultan Ahmed bin Sulayem, chairman of the Ports, Customs and Free Zone Corporation (PCFC) and chairman of Dubai Maritime City Authority (DMCA), said he was not surprised that Dubai has been included in the top five.

"We are proud of the new achievement, which is a testament to the success of our dedicated efforts to enhance the competitiveness of the local maritime sector and consolidate Dubai's leadership as a major global maritime player," he said.

He added: "This is in part the result of our fruitful partnership with the public and private sectors forged to enhance the confidence of regional and international investors in the competitiveness of the local maritime sector and promote its components based on the pillars of research and development, innovation, and smart transformation. The components include shipping and ports, engineering and training, maritime support services and ports, and the operation and maintenance of giant maritime vessels."

Singapore led the global list, ahead of Hong Kong, London and Shanghai while Rotterdam improved from eighth to sixth, having previously occupied the top five positions between 2014 and 2016.

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