TTME APRIL 2019 -PG -21 - 2ND STORY

For a robust maritime sector

The Dubai Maritime City Authority (DMCA) sheds light on some of the major local insurance services designed to ensure safe navigation, and support maritime operational efficiency and security.

TT Bureau

The Dubai Maritime City Authority (DMCA) has been at the forefront of promoting excellence and quality across key maritime indicators, including maritime insurance, that form part of a robust, inclusive, attractive and sustainable maritime environment. The ongoing efforts of the Maritime Authority contribute to enhancing the contribution of the maritime sector to the GDP of the Emirate of Dubai.

Hamed Hassan, Director for Registration and Licensing, DMCA said, “A comprehensive insurance coverage is one of the major pillars of the growth and sustainability of a maritime sector. We are keen on adopting an integrated portfolio of insurance services that have been developed to meet the needs of the maritime sector, investors, owners and operators of international ships—ensuring their protection and coverage in case of an accident or an emergency situation.”

As an example, several local insurance companies provide a range of comprehensive and high-valued services for private and commercial pleasure crafts. These services range from Marine Hull Yacht Insurance to Third Party Legal Liability Insurance, that also cover both crew and passengers.

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