The Emirate of Dubai has a strategic aim of positioning itself as a pivotal hub in the global economy.
Among the 22 coastal members of the European Union you can count more than 1200 seaports, with many of them connected and integrated into our coastal towns and cities. As such, the shipping sector plays a significant role in the EU’s economy.
Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai's maritime sector, participated as a platinum sponsor in the 2nd Middle East Offshore Journal Conference 2015.
Cruise shipping giantÂ Carnival Corporation & plcÂ has signed a memo of agreement with Italian
Philly Shipyard, the sole operating subsidiary of Philly Shipyard ASA, has signed a commitment letter with Caterpillar Financial Services Corporation (Cat Financial) for a USD 150 million loan facility to finance the construction of four next generation 50,000 dwt product tankers.
South Korean shipbuilder Hyundai Heavy Industries (HHI) has laid the keel for a 84,000 cbm Very Large Gas Carrier (VLGC) for its compatriot shipping company KSS Line.
Small-deck ships such as destroyers and frigates could greatly increase their effectiveness if they had their own unmanned air systems (UASs) to provide intelligence, surveillance and reconnaissance (ISR) and other capabilities at long range around the clock.