It is widely known that the transport and logistics sector in the UAE (made up mainly of Shipping, Aviation and Land Transport companies) is hugely important to the backbone of the economy and much of the growth within this sector has been due to the Government.
The UAE has many advantages which have contributed to the growth of this sector given its natural assets such as safe harbours, developed infrastructure, various seaports and airports as well as the country's well suited geographic location making it an ideal trading hub. However as with many other sectors, the transport and logistics sector has not remained unaffected by the global financial crisis. Rates within this sector have decreased and there is less money available to support the movement of cargo into and out of the UAE.This sector is also more volatile due to fluctuating oil prices which greatly affect freight prices. Operators within this sector are facing huge challenges such as the ability to clear bad debt and the non-contribution of finance.
We remain at the forefront of transport and logistics sector developments within the region. For example, we are currently advising on the revision of the statutory UAE Maritime Code and the establishment of an international registry, as well as other proposed infrastructure and regulatory projects.
Our clients include Government bodies, International organisations, major container lines and air lines, P&I Clubs, Vessel Owners and to some extent vessel charterers and air planes leases, Ship Agents and Air operators and Forwarders and we advise them across the full range of the legal services including litigation and arbitration issues, insurance, employment law, banking and finance matters and corporate work.We offer local and international experts with extensive experience relating to transport and logistics transactions from across our offices in the UAE and wider GCC region.