Singapore has maintained the top overall position in the Leading Maritime Cities of the World report, co-developed DNV and Menon Economics, which was globally launched on Thursday (13 January) at the Singapore Maritime Foundation New Year Conversations 2022 event.
Singapore maintains its position as the leading maritime city of the world during the pandemic and the emerging green transformation of the industry, states the report.
The republic has been able to retain its position as a world-leading maritime hub during the pandemic and the emerging green transformation of the industry due to its strength in all pillars.
However, the top positions on the pillars have changed. Singapore is still number one on the Attractiveness and Competitiveness pillar. This year, Singapore has also outperformed all other cities on Maritime Technology.
A consistent strategy for innovation, targeting start-ups, and investment in digital technologies has paved the way for Singapore’s position on Maritime technology.
However, Singapore loses its number one position in Shipping Centers and Ports and Logistics to Athens and Shanghai respectively. On the Maritime Finance and Law pillar, Singapore is losing some ground, going from 5th to 8th place.
Looking five years into the future, experts at DNV and Menon Economics predict Singapore will keep its position as the global leader, while Shanghai will grow in importance and become the second most important maritime city.
Note: Manifold Times readers will be able to downloaded the full Leading Maritime Cities of the World report here.
Photo credit: Leading Maritime Cities of the World, DNV
Published: 13 January, 2022
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