Tag Archives: UAE Ministry of Energy and Infrastructure

Business & Investments

UAE Ministry of Energy and Infrastructure announces new standards

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UAE Ministry of Energy and Infrastructure announces new standards for non-members of the IG P&I Clubs

  • H.E. Eng. Hessa Al Malek: “The announcement assures UAE-flagged vessels access to top-tier P&I services worldwide, boosting global confidence in the UAE fleet.”
  • The UAE treats its ships and P&I services as a cohesive unit.

Dubai, UAE, 6 June 2023: In line with the UAE’s steadfast dedication to safeguarding the local, regional, and global maritime industry through strong regulatory measures, the UAE Ministry of Energy and Infrastructure (MOEI UAE) issued a circular requiring non-members of the International Group of Protection and Indemnity Clubs (IG P&I Clubs) to provide additional information to regulators if they insure any UAE-flagged ships. This move reaffirms the Ministry’s unwavering commitment to upholding rigorous standards, and driving the progress of the maritime sector around the world.

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Business & Investments

UAE Ministry of Energy and Infrastructure in collaboration with Fichte & Co. organises the first-ever P&I roundtable

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UAE Ministry of Energy and Infrastructure in collaboration with Fichte & Co. organises the first-ever P&I roundtable

  • Al Malek: Over the years, P&I clubs in the UAE have played a massive role in our industry’s well-being and the continuity of business operations by reducing liabilities and ensuring increased financial security
  • Fichte: As per our findings, insurance premiums account for more than 30 per cent of a shipowner’s expenses, thus showcasing the importance of P&I clubs in their operations.
Continue reading UAE Ministry of Energy and Infrastructure in collaboration with Fichte & Co. organises the first-ever P&I roundtable →