Monday, June 8, 2015

Emirate Aims for Top Five Position for Freight Throughput by 2020 as Logistics Group Expands

New Report Predicts Further Rise for Dubai
Shipping News Feature

DUBAI – According to a report from Menon, taken from a poll amongst about 1,600 shipping professionals and logistics experts from 33 countries, Dubai will rank in seventh place amongst the leading maritime centres in the world in the next five years. This will it is claimed, by 2020 put it ahead of long-established global hubs such as London, New York, Tokyo, Copenhagen, and Rio de Janeiro. The Emirate now ranks consistently as a top five global location for trade, logistics, tourism and finance and aims to be a key player in the global freight market and a maritime centre of excellence.

The photo shows an artist’s impression of a new logistics terminal in the free trade zone Jebel Ali Free Zone (JAFZA) in the Emirate of Dubai which began its €4.6 million construction investment in May by Austrian group Weiss-Röhlig which celebrated a decade of service in Dubai in 2014. The building complex is situated on the central freight transportation corridor between the largest sea port of the United Arab Emirates and the Al Maktoum airport. Its completion is scheduled for the end of 2015.

Heinz Senger-Weiss, board member at Gebrüder Weiss says that the flourishing economic area of the Persian Gulf is of great importance to the company’s customers and this prompted the latest investment. The company says it will provide European-standard logistics services in Dubai with Jürgen Hammerer, managing director of Weiss-Röhlig Dubai and project leader of the implementation of the logistics terminal adding:

"We are extensively licensed as a logistics provider in the free trade zone. Our customers can use the terminal as a trading post, without being based on site."

The latest biannual report from Menon Business Economics’, ‘The Leading Maritime Capitals of the World’ has been unsurprisingly welcomed in Dubai with Amer Ali, Executive Director of the Dubai Maritime City Authority (DMCA), the organisation tasked with developing, monitoring and promoting maritime activity in the Emirate, saying:

“Dubai is already a leading international shipping hub and we’re committed to enhancing that standing, boosting our natural strategic advantages with a drive to develop a truly sustainable and highly professional global shipping community. It is our aim to provide the shipping businesses that locate in Dubai with the best maritime infrastructure possible, including leading financial and service platforms.”

The in-depth report, which benchmarked centres according to the four main maritime indicators of finance, technology, ports and logistics, and shipping, in addition to an overall assessment of the cities’ competitiveness and attractiveness, revealed some interesting insights into Dubai’s global maritime standing. Respondents ranked the Emirate fifth overall under the ports and logistics indicator, while it was named the fourth largest port operator in the world by headquarters.

In addition, industry experts positioned the city tenth 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, Rotterdam and Oslo. 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 (tenth). H.E. Sultan Bin Sulayem, Chairman of Dubai Ports, Customs and Free Zone Corporation and President of the (DMCA) said of the findings:

“We are proud of both the progress Dubai has made so far in terms of its development as a maritime centre of excellence, and the huge potential the industry has recognised for our future. As the results of the report show, we are particularly adept at providing world-class port and logistics services, and will continue to 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. For our part, 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.”