Dubai retains rank as region’s first and among world’s best in maritime shipping and logistics industry

DUBAI: The International Shipping Center Development (ISCD) Index has ranked Dubai as the region’s first and among the world’s top five destinations for the maritime industry for the third consecutive year, ranking ahead of Rotterdam, Hamburg, Athens, New York, New Jersey and Tokyo.

The emirate’s continuing status as a global hub for maritime shipping and logistics was revealed in a report that was recently issued by Baltic Exchange, and Xinhua, a London-based international news agency affiliated with the China Economic Information Service, CEIS, the Emirates news agency WAM reported.

The Index said the ranking revalidates Dubai’s competitiveness, attractiveness and inclusiveness of Dubai’s local maritime environment, which can be compared to the best in the world.

This was further attributed to Dubai’s wise leadership that constantly enhance the legislative, regulatory frameworks and infrastructure, marine services, and logistical capabilities, which also contributes to reinforcing the global community’s confidence in Dubai’s maritime sector.

The index is based on objective criteria, which include the quality and efficiency of infrastructure, port productivity, the scope of maritime support services, and the competitiveness of the business and investment environment, among others.

“Outperforming other leading global maritime capitals such as Rotterdam, Tokyo and Hamburg, Dubai’s maritime industry has also become the first in the Arab world to accomplish this achievement,” said Sultan Ahmed bin Sulayem, Chairman of Dubai Ports, Customs and Free Zone and Chairman, Dubai Maritime City Authority.

“This recognition motivates us to continue our efforts to support Dubai’s position as a global business hub where East meets West, in line with the preparations for the next fifty years that chart a new stage of economic and development renaissance,” he concluded.