Shipping Companies in UAE
Posted by deepa on Jun 14, 2009
Shipping companies in UAE are gearing up to cover important transport and logistics industry services like air cargo, freight transport, ports management and materials handling etc.to cope up with the intense market and also to provide support for the growth of logistics industry. The continuous infrastructure development and trade diversification from oil-based products to non-oil products along with other services has transformed the UAE into a key trading region of the world.
Apart from trade with other worldwide countries even the imports and exports the Middle East countries have led to a phenomenal growth and expansion of the transport and UAE logistics industry
According to industry reports most logistic operators from the region agree in unison that the Middle East has the potential to offer 25% more growth facilities than North or South America particularly for the logistics and transport industry and this is great news for the shipping companies in UAE. Most of these operators are formulating their business expansion strategies based on the development of their trade routes and infrastructure in the region.
Leading industry leaders of the world feel that the Middle East is developing rapidly and that too threefold- locally, regionally and globally, particularly in the transport and logistics sector. Moreover with the increase in global and regional trade between Europe and Asia has further triggered unexpected business opportunities and the UAE has the means to capitalize on this situation. Its strength lies in its strategic geographic location and convenient accessibility.
The Middle-East region is the link between East-West intercontinental trades as most of the strategic trade routes pass through this region. The shipping companies in UAE are growing at a rapid rate not only due to the increase in oil revenues but also due to opening up of regional economies to worldwide countries.
The regional ports of the Middle-East are also being expanded with expansion plans planned up to the next five years. Industry experts feel that the current growth rate which is very rapid at the moment will continue. This growth is prompting foreign businesses to shift their facilities to the UAE. All this has turned the uae shipping industry here into a worldwide shipping hub thus giving a boost in the arm to shipping companies in UAE.
If you are into shipping then you can very well avail various shipping services in the UAE like import and export of goods, ship repairing and refueling etc. You would be amazed to know that almost 50% of the international trading fleet passes through the shores of UAE and that too twice a year.
As the shipping industry has become an all encompassing as well as complex industry and almost about half a billion dollars are being spent annually for procuring ship/vessel building, repairing and servicing materials shipping companies in UAE are speeding up to catch on this wave of tremendous growth.
On the other hand the maritime service sector also looks very promising and ventures with solid infrastructure as well as excellent facilities are being launched to grasp this opportunity.
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