Dubai has retained its position as one of the world’s top five shipping centres for the third consecutive year according to the latest International Shipping Center Development (ISCD) Index. The emirate is now ranked ahead of a number of leading historic maritime cities, including Rotterdam, Hamburg, Athens, New York, New Jersey and Tokyo.
Dubai’s enhanced status as a global hub for maritime shipping and logistics was confined in a report that was recently issued by The Baltic Exchange and Xinhua, a London-based international news agency affiliated with the China Economic Information Service (CEIS).
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.
Sultan Ahmed bin Sulayem, Chairman of Dubai Ports, Customs and Free Zone and Chairman, Dubai Maritime City Authority (DMCA), said: “For the third year in a row, Dubai has succeeded in maintaining its position among the world’s top five destinations for maritime shipping. The latest accolade is the outcome of the unwavering support provided by the wise leadership, in addition to the joint efforts undertaken by the public and private sectors to enhance the components of the maritime sector, to match the best in the world.”
ISCD is a ranking system that is based on several indicators and criteria such as the ability to attract maritime businesses, the extent of utilising innovation and creativity in maritime centres around the world, and their general impact and participation in driving the growth of the global shipping sector.