PCFC reports a 105% surge in licenses granted to bunkering companies in Dubai – Business

The Ports, Customs, and Free Zone Corporation in Dubai has reported a significant increase in the number of licenses issued to companies specializing in bunkering operations in Dubai Waters during the first quarter of 2024. This growth of 105% reflects a positive trend in maritime operations performance since the beginning of the year, showcasing Dubai’s commitment to enhancing its maritime sector.

H.E. Nasser Al Neyadi, CEO of the Ports, Customs, and Free Zone Corporation, attributed this success to the continuous follow-up and directives from H.H. Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of the Supreme Committee of Crisis and Disaster Management in Dubai. The vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to achieve the highest levels of efficiency in maritime services has been a driving force behind these developments.

Al Neyadi commended the efforts of the Corporation, particularly the Dubai Maritime Authority and the Security Department, in enhancing the competitiveness and security readiness of Dubai’s maritime sector. By implementing best practices and maintaining high standards, Dubai aims to solidify its position as a leading global maritime city.

The CEO also acknowledged the collaboration of strategic partners in the field, which has contributed to Dubai’s growing reputation as a hub for maritime operations. The increased attractiveness of Dubai’s waters for various maritime activities, including Anchorage and Towing operations, has led to a surge in demand for bunkering services by marine vessels in the region.

Sheikh Dr. Saeed bin Ahmed bin Khalifa Al Maktoum, Executive Director of the Dubai Maritime Authority, highlighted the advantages and facilities that Dubai offers to traders and investors. The integrated digital infrastructure in Dubai has streamlined service operations through a unified digital platform, making it easier for businesses to operate efficiently in the maritime sector.

Recent statistics released by the authority show a 3.4% increase in Anchorage approvals and an 82% increase in ship Towing operations, indicating improved efficiency in managing ship traffic within Dubai. Sheikh Saeed emphasized Dubai’s strategic location as a key factor in its success as a regional and global hub for maritime shipping.

The Dubai Maritime Authority plays a crucial role in regulating and overseeing the maritime sector in the Emirate, ensuring that activities are conducted in accordance with regulatory frameworks that align with the Emirate’s economic goals. The Authority’s dedication to developing and introducing projects that support the growth of the maritime sector has been instrumental in driving sustainable trade and economic growth in Dubai.

Overall, Dubai’s commitment to enhancing its maritime sector through strategic partnerships, regulatory frameworks, and digital infrastructure has positioned the Emirate as a key player in the global maritime industry. The continued growth and success of Dubai’s maritime operations reflect the Emirate’s dedication to excellence and innovation in this vital sector.