Singapore Still World's Top Maritime Hub

Singapore at night
Updated Published

Singapore continues to keep its status as the top maritime hub all over the world for the ninth consecutive year in the Xinhua-Baltic International Shipping Centre Development Index Report published earlier this week.

Singapore scored 94.88 out of a possible 100 points. London takes second place for scoring 83.04 points. Shanghai takes third place for scoring 82.79 points.

“We are very honored that Singapore is ranked top for the ninth consecutive year by the highly regarded Xinhua-Baltic International Shipping Centre Development Index Report. It is a reflection of the strong tripartite partnership with our partners, industry players, and unions in Maritime Singapore. During the pandemic, we are also reminded of the global nature of shipping and the need for close collaborations to address global challenges such as crew change. As the maritime sector continues to build up resilience and future-ready capability, we will continue to work with our maritime colleagues around the world to drive transformation, particularly in the areas of decarbonization, digitalization, and talent development,” said Quah Ley Hoon, Chief Executive of the Maritime and Port Authority of Singapore.

Shipping centres that are also included in the top ten are Hong Kong, Dubai, Rotterdam, Hamburg, New York/New Jersey, Athens/Piraeus, and Ningbo-Zhoushan.

“This report serves as a valuable reminder of how intrinsic shipping is to global trade and prosperity. It also illustrates that shipping does not exist in silos. The success of the maritime hubs included in the top 10 list has for the most part been borne out of collaboration and synergies across different sectors of the shipping industry. The Xinhua-Baltic International Shipping Centre Development Index shows that a successful shipping center provides everything that the international ship owner might need, and a successful shipping center is ultimately also a successful global city,” said Mark Jackson, Baltic Exchange Chief Executive.