Dubai ranked in top five in International Shipping Centre Development Index
Dubai was selected as one of the world's top five shipping hubs in the latest report from the International Shipping Centre Development Index (ISCD).
According to the report, compiled by the London-based Baltic Exchange and the Xinhua News Agency, Dubai overtook Hamburg, which fell from fourth to seventh place, confirming the emirate’s reputation as one of the leading maritime shipping and logistics centers in the world.
Last year, Dubai ranked fifth in the list of the world's top maritime capitals.
Sultan Ahmed bin Sulayem, chairman of the Ports, Customs and Free Zone Corporation (PCFC)
“We are proud of the new achievement, which is a testament to the success of our dedicated efforts to enhance the competitiveness of the local maritime sector and consolidate Dubai's leadership as a major global maritime player,” said Sultan Ahmed bin Sulayem, chairman of the Ports, Customs and Free Zone Corporation (PCFC) and chairman of Dubai Maritime City Authority (DMCA), as well as port operator DP World.
“This is in line with the objectives of the Dubai Plan 2021 to make the emirate one of the most important business centers in the world. We are working hard to create a vibrant maritime environment to attract industry leaders and to promote Dubai's status as a global shipping center,” he added.
Dubai made the top 5 spot in the index for the first time, behind Singapore at number one and Hong Kong and London in second and third place. Shanghai ranked fourth in terms of advanced shipping services and fast-growing logistical solutions.
The International Shipping Centre Development Index uses a methodology assessing the sector’s competitiveness, ability to attract maritime businesses, development of efforts in relation to creativity and innovation, and key role in in advancing growth of the global shipping sector.