Singapore secured its lead as the world’s top maritime centre in the Xinhua-Baltic International Shipping Centre Development (ISCD) Index Report for the ninth consecutive year, said the Maritime and Port Authority of Singapore (MPA) on Monday (11 July).
The ISCD index is published by the Baltic Exchange, a global maritime data provider, in collaboration with Chinese state news agency, Xinhua.
The index provides an independent ranking of the performance of 43 maritime locations on factors including cargo throughput, port facilities, maritime services and business environment.
Singapore is ranked first, based on its robust port infrastructure, a comprehensive range of maritime services and supportive government policies.
The report finds:
Chee Hong Tat, Senior Minister of State for Finance and Transport, said: “Maritime Singapore’s continued success as a leading maritime hub would not have been possible without the strong collaboration between our tripartite partners. I thank our industry and unions for their resilience during the pandemic. We will continue to innovate and grow together, and bring Maritime Singapore to greater heights.”
Note: The full copy of the report can be downloaded here.
Related: Singapore tops international maritime centre rankings in Xinhua-Baltic report
Related: Singapore maintains top spot as international shipping centre for 7th consecutive year
Related: Report: Singapore takes top spot as international shipping centre
Photo credit: Manifold Times
Published: 12 July, 2022
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