UAE's Maritime Fleet Ranks Among the World's Largest



The United Arab Emirates has achieved a significant milestone by ranking among the top 35 countries globally with the largest shipping fleets. This ranking is based on tonnage and capacity, according to the latest report from the United Nations Conference on Trade and Development (UNCTAD) for 2024. This recognition highlights the UAE's growing importance in global maritime trade.


In addition to the UAE, the report also mentioned three other Arab countries: Saudi Arabia, Oman, and Qatar. This shows that several nations in the region are making strides in enhancing their maritime capabilities. The presence of these countries on the list reflects a collective effort to develop efficient shipping operations and logistics.


The Statistical Centre for the Cooperation Council for the Arab States of the Gulf (GCC-Stat) provided more insights into the region's maritime status. According to their data, 10 Gulf container ports were ranked among the 70 most efficient ports in the world. This efficiency is crucial for facilitating international trade and improving logistics in the region.


The Gulf commercial fleet has emerged as a major player, accounting for 54.2 percent of the total Arab commercial fleet in 2023. Moreover, most GCC countries have exceeded the Arab average in the Liner Shipping Connectivity Index, showcasing their strong connections in global shipping networks. This connectivity is vital for enhancing trade and economic growth.


Regarding container productivity, two Gulf ports have been recognized for their high output, exceeding 4 million containers. Additionally, eight ports are classified as medium-production ports, which contribute significantly to the region's trade activities. These figures illustrate the growing capacity and efficiency of Gulf ports.


The establishment of the Unified Maritime Operations Centre is another key achievement for the GCC countries. This center plays a crucial role in ensuring the safety and security of maritime navigation in the region. By fostering collaboration among member states, it enhances stability and supports the UAE's position as a leading logistics hub in global shipping.

Comments

Post a Comment

Popular posts from this blog

UAE's Economy is Thriving Beyond Oil

Image
  The Organization of Petroleum Exporting Countries OPEC monitors oil markets around the world. In their latest report from September 2024 OPEC looked at how the UAE economy is doing apart from oil. The report said that parts of the UAE economy not involving oil have been doing very well in 2024 One example is tourism.  Dubai welcomed over 10.6 million foreign visitors between January and June This was more than before the coronavirus pandemic Many tourists came from neighboring countries in Asia and Europe. Another strong sector is financial services Banks in cities like Dubai and Abu Dhabi have been providing services to customers from the region and globally The real estate industry has also seen growth as large construction projects progressed These included new housing, malls and towers. International trade is helping the UAE too Companies are exporting and importing goods using the country ports and airports These handle cargo from around the world Industries like manufa...
Read more

Strengthening Trade Relations Between China and the UAE

Image
  Recently Premier Li Qiang of China visited the United Arab Emirates UAE to discuss ways to deepen trade ties between the two countries. During his meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan Li emphasized the importance of cooperation in key sectors such as new energy, electric vehicles and the digital economy This visit is part of Li's broader Middle East tour and highlights the growing relationship between China and the UAE. Li noted that China has been the UAE's largest trading partner for several years In 2023 non oil trade between the two countries reached an impressive $81 billion marking a 4.2% increase from the previous year This strong trade relationship shows how both nations can benefit from collaboration in various industries helping to create jobs and boost their economies. One of the main goals of the discussions was to enhance investment cooperation Li called for the establishment of a high level joint committee to focus on emerging industries...
Read more

Sheikh Mohamed bin Zayed's Call to Joseph Aoun

Image
  Today, Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE, made an important phone call to Joseph Aoun. This call was made to congratulate Aoun on his recent election. Such gestures highlight the strong diplomatic relations between the UAE and Lebanon. It shows the UAE's commitment to supporting its allies in the region. During the call, Sheikh Mohamed expressed his best wishes for Aoun's leadership. He emphasized the importance of cooperation between the two countries. This kind of support is crucial, especially during times of political transition. It sets a positive tone for future collaborations in various sectors, including economy and security. Joseph Aoun's election comes at a significant time for Lebanon. The country is facing many challenges, and strong leadership is essential. Sheikh Mohamed's call signifies hope and encouragement for the new leader. It suggests that Lebanon can rely on the UAE for support as it navigates through its current situat...
Read more