Dubai preps for fifth UAE Maritime Week, China, Brexit and trade wars on agenda
The Dubai Maritime City Authority (DMCA) has completed its preparations for UAE Maritime Week 2019, taking place from September 22 to 26.
This year’s event will highlight the achievements of the UAE’s maritime sector and emphasise Dubai's leadership in the Middle East as the emirate ranked first regionally and fifth globally among the best maritime centres in the world for 2019.
Attendees will explore the prospects of maritime trade growth through a series of high-level seminars that facilitate exchanging the best international practices and most successful experiences, including Dubai's transition to a major maritime portal for global trade.
"The UAE Maritime Week is once again reaffirming Dubai's position as a preferred global destination for leading maritime events,” said Amer Ali, the executive director at DMCA. “It provides a strategic platform to enhance the convergence, communication and interaction between maritime industry leaders, strengthen bridges of knowledge transfer, and share international best practices that will advance the maritime industry to a new level of growth and sustainability."
In-depth discussions within the global maritime industry will be held in four main sessions, the first of which will be titled ‘Trade Uncertainty: Fundamentals of the Marine Market.’
During the session ‘China, Brexit, and maritime market fundamentals’ the impact of the current global trade instability on the shipping sector will be reviewed, with a possible future direction of asset values and projections related to global oil prices and their potential impacts on the maritime industry.
The session, themed ‘Artificial Intelligence/Block-Chain Technologies and Maritime Trade’, will discuss the extent by which new technologies are adopted by the shipping and logistics sectors compared to other industries.
The development of effective technological solutions to current and emerging challenges and the compatibility of regulatory and legal systems with the introduction of new technologies will also be highlighted.
The benefits of new technology, cybersecurity threats and the impact of artificial intelligence, automation and other digital systems on the human element in shipping will be under the spotlight as well.
A third session focused on ‘Globalisation and Consolidation: Two Major Trends within the Maritime Industry’ will discuss ways to unify efforts among industry leaders in the future and to improve the readiness and attractiveness of shipping for investment, in addition to identifying future opportunities within the shipping sector for leading companies and the private family business represents the next phase of globalization in shipping and logistics.
The fourth session themed ‘Regional Maritime Growth and Trade Opportunities’ focuses on the regional dimension and the promising commercial opportunities for the maritime sector in the Gulf region and the Middle East, said the organisers.
The session will bring together high-level experts from the region to explore the scope and nature of developments in the region as a global hub for maritime and logistic transport. It will also study the prospects of building key trade partnerships and future growth potential in trade with China and the Indian subcontinent.
Moreover, the session will discuss ways to accelerate the development of Africa's potential as a major trading partner and enhance the regional response to operational challenges of all kinds, focusing on the opportunities for commercial and economic growth of marine products and services of all kinds, they added.
The Dubai Maritime Agenda 2019 will witness the presence of a host of international dignitaries and examine ways on how to take advantage of latest technologies such as Artificial Intelligence and Blockchain technologies to drive growth within the regional maritime sector.
Some of the key speakers include Iqbal AliKhan, Program Director, Blockchains & Innovations at IBM; Mike Bhaskaran, Chief Technology Officer, DP World; Richard Morgan, Regional MD for Maersk West and Central Asia LTD; Henning Schleyerbach, Chief Operating Officer, Digital Container Shipping Association; and Mark O'Neil, President of Columbia Shipmanagement.
The current biennial event is marked by a calendar of activities and events which include SeaTrade Offshore Marine & Workboats ME, Marine Insurance Conference, Emirates Maritime Arbitration Conference, SeaTrade Ship Tech Middle East, and the SeaTrade Maritime Awards in the Middle East, Indian Subcontinent and Africa, it added.