Dubai's Bunkering Licenses Double In First Quarter Of 2024 Amid Maritime Growth

The Ports, Customs, and Free Zone Corporation (PCFC) reported a 105 percent increase in the number of licences issued to companies specialising in bunkering in Dubai's waters and ports during the first quarter of 2024. This growth aligns with the overall rise in maritime operations since the beginning of the year.

Sheikh Saeed bin Ahmed bin Khalifa Al Maktoum, Executive Director of the Dubai Maritime Authority, attributed these successes to Dubai's strategic location and the integrated digital infrastructure. This infrastructure has streamlined service operations through a single digital window, saving time and effort for customers.

Sheikh Saeed praised the Dubai Maritime Authority team for their ability to adapt and manage various challenges in the maritime sector. He also highlighted the government's ongoing efforts to create a favourable environment for trade and investment through various incentives and facilities.

The Authority has focused on developing regulatory frameworks to support maritime activities in Dubai. These frameworks enable professionals in the sector to operate and invest effectively, aligning with the emirate's economic goals.

Nasser Al Neyadi, CEO of PCFC, noted that collaborative efforts with partners have enhanced the attractiveness of Dubai's waters for maritime operations. This has led to increased berthing and towing operations, as well as a higher demand for bunkering services by marine vessels.

Increased Efficiency in Maritime Operations

New statistics from the Authority show a 3.4 percent increase in approval rates for berthing operations, indicating improved efficiency in managing ship traffic within Dubai. Additionally, ship towing operations have surged by 82 percent.

The growth in bunkering licences underscores Dubai's position as a key regional and global hub for maritime shipping. The emirate continues to benefit from strategic initiatives aimed at fostering sustainable growth in trade and economic activities.

With inputs from WAM