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Seatrade Middle East Maritime

On the back of two hugely successful events, SMEM returns in 2006 with the biggest show yet for the region?s maritime industries

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On the back of two hugely successful events, SMEM returns in 2006 with the biggest show yet for the region’s maritime industries.

The outlook for the shipping industry in the Middle East is increasingly positive.

Virtually all sectors are still experiencing regional growth, container and chemical, general and project, and tanker.

Middle Eastern shipping lines have shown steady growth in volume and freight rate levels, regional ports are investing heavily and expanding their facilities, and local ship owners are investing in more and more new buildings and upgrades.

Trade links between the Middle East and the subcontinent are expanding at a phenomenal pace, and the maritime industries of West and Central Asia are keeping pace with this regional trade.

For some time the potential of the Gulf area and the Indian Ocean for cruise tourism has been recognised.

2006 looks like being an important year for the realisation of that potential, with imminent decisions on deployment, and this year’s show will reflect on the opportunities that market offers.

At the centre of the ambitious expansion being undertaken around the Gulf is the enterprising United Arab Emirates.

Dubai has become a premier global business hub, and has achieved the status of a world shipping centre.

Charterers, brokers, managers and insurers from across the globe are opening offices in Dubai – many planning to do so in the Emirate’s impressive new business centre, Dubai Maritime City.

For years Seatrade events have brought the shipping industry’s best people together, and this year’s show promises nothing less.

With a packed social calendar to accompany the business side, including a jazz concert in the desert, the event will be the best yet.

Chris Hayman, managing director, Seatrade

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