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Singapore maintains spot as world’s top international shipping centre

12 Jul 2022

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:

  • Singapore leads the rankings for the ninth year followed by London, Shanghai, Hong Kong and Dubai
  • Location still matters, as does ease of doing business and access to professional maritime services
  • New York/ New Jersey moved up one place to number eight, due to an increase of TEUs handled as cargoes were re-routed from US west coast ports
  • Athens/ Piraeus drops one point to ninth place, but remains strong with good throughput figures
  • Top 10 locations remain largely unchanged since 2021 and features four Asian, four European, one Middle East and one United States location

Singapore maintains spot as world’s top maritime centre for ninth consecutive year

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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