Awards set to boost Dubai as a global maritime hub

Dubai hopes to increase awareness of the emirate as a maritime hub at the annual Dubai International Maritime Awards.

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By  Laura Barnes Published  July 14, 2005

Dubai hopes to increase the globe's awareness of the emirate as an international maritime hub, using the Dubai International Maritime Awards (DIMA) as an ideal opportunity. The awards, which will honour top achievers in West and Central Asia are to be held in December alongside the Money & Ships conference and will act as a platform to showcase Dubai as a major maritime hub. “Key international players are now moving into the market heightening competition that comes with growth. The DIMA awards are promoting quality recognition throughout the region and are also helping the awareness campaign of Dubai as a marine hub,” said Captain Misra, chairman of the Institute of Chartered Shipbrokers (ICS) UAE and managing director, Emarat Maritime Dubai. “The awards are a vehicle for developing quality and innovation and they are also helping to change the mind-set of the industry,” he added. “The growth in the industry is self evident, it can be gauged by the fact that the UAE branch of the ICS has expanded from just nine members in 1996 when launched, to more than 80 today and we anticipate around 10 new members being admitted yearly,” added Capt Misra “The ICS growth is largely due to greater awareness of the institute and increasing recognition that quality must prevail within the industry, and also the fact that many companies are now demanding ICS qualifications for certain posts,” added Misra. “A number of major new ship-broking companies have recognised the potential and are setting up offices in Dubai. Whilst the main focus is on the liquid markets and the chemical and LPG/LNG trades, a number of broking houses have also geared up to cater to dry bulk ship owners. Perhaps with ship finance being readily available locally in the near future, one can expect specialist sale and purchase brokers to also enter this market,” he added.

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