Date: 27/09/2023

Singapore the top maritime centre for 10th consecutive year

For the 10th year in a row, Singapore ranks first in the Xinhua-Baltic International Shipping Centre Development Index (ISCDI) Report.
Published jointly by Chinese state news agency, Xinhua, and global maritime data provider, Baltic Exchange, the report lists Singapore as the global leading maritime centre, followed by London and Shanghai.
Singapore has held the top position since the Index began a decade ago. It has retained its position due to its winning combination of strategic location, international outlook and established ecosystem of professional global maritime services and good governance.
London and Shanghai have retained their positions of second and third place within the Index for the past four years.
Further down the top 10, there was little movement as Hong Kong, Dubai, Rotterdam and Hamburg took fourth, fifth, sixth and seventh place, respectively.
The trading capital of New York and its New Jersey port dropped by two places from eighth place last year, to 10th place this year while Athens/Piraeus moved up by one place. A relative newcomer to the Index, Ningbo-Zhoushan, sits at number nine. The Chinese city’s ranking amongst the top 10 is primarily due to it being the busiest port in the world in terms of cargo tonnage, said a release.
Source: Exim News Service: Singapore, Sept. 26