Dubai retains spot in world’s top 5 shipping hubs

Dubai has retained its place among the world’s top five shipping hubs, according to a new report.

Dubai has been ranked fifth in the International Shipping Centre Development Index (ISCDI) for the second consecutive year as the emirate continues to shine on the global maritime map.

The index is put together annually by by Baltic Exchange for trading and shipping and the Xinhua news agency of the China Economic Information Service based in London.

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.

He said this latest recognition is the result of “pioneering efforts” led by the Dubai Maritime City Authority.

According to the index, the emirate outperformed some of the world’s top maritime centres including Rotterdam and Hamburg that ranked sixth and seventh respectively.

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.

Bin Sulayem said: “Maintaining the fifth position among the leading international maritime centres 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.”

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