UAE Shipping Industry
While foreign businesses moving their
offices to UAE; the UAE Shipping Industry
is becoming a global shipping hub.
Currently, services ranging from import /
export of goods to ship repairing and
refueling, the UAE has become a complex
global shipping industry, with half of the
world's internationally trading fleet of
tankers passing UAE shores twice a year.
The Shipping industry in the UAE spends
about half a billion dollars every year to
buy materials for building, repairing and
servicing ships & vessels. Considering the
growth in the shipping industry in UAE,
the UAE-based Hamriyah Free Zone Authority
(HFZA), Sharjah, is setting up a new
maritime city in the zone for marine and
maritime-related industries. This is not
the first maritime city in UAE; in April
2003, Dubai Maritime City, situated
between Port Rashid and Dubai Dry Docks;
was ordered to be constructed in the
Arabian Gulf that will provide a unique
environment for the global maritime
community by offering great services and
policies. Dubai Maritime City will create
a unique specialized environment that will
promote the networking and integration of
leading maritime companies in one
destination. With dense and
multi-dimensional atmosphere emerging in
the maritime service sector, it is
expected that the UAE will soon take the
opportunity to join the emerging maritime
centers, with excellent facilities and a
solid infrastructure.
One crucial element is needed to drive the
shipping industry forward into the future
and that is the maturity of the growth
cycle. With the UAE top international
businesses on the doorstep; it is time for
the UAE shipping industry to work with the
authorities and ensure that any issues
regarding the industry are solved more
quickly and swiftly. The United Arab
Emirates Ship Owners Association (UAESOA),
founded in January 2006 took major steps
to solve the shipping industry issues
through the development and expansion of
partnerships between the suppliers and
buyers. The United Arab Emirates Ship
Owners Association (UAESOA) is actively
participating and interacting with other
government authorities / associations and
offering marketing support to members that
could bring suppliers and buyers closer to
each other. The establishment of the
United Arab Emirates Ship Owners
Association (UAESOA) will strengthen the
industry and add to the overall growth of
the ship owners.
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