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Singapore tops global shipping centre index
Photo: Baltic Exchange
Singapore has once again secured the top spot in the Xinhua-Baltic International Shipping Centre Development Index (ISCDI) for the tenth consecutive year. This report, published jointly by Xinhua and the Baltic Exchange, also ranks London and Shanghai as primary global maritime hubs.
Singapore's consistent top ranking is attributed to its strategic location, international outlook, and established maritime services ecosystem. The top ten, which include Hong Kong, Dubai, and Rotterdam, remain largely unchanged from the previous year.
The report evaluates factors such as cargo throughput, professional maritime support services, and business environment.
As the maritime industry continues to evolve, this report underscores the importance of collaboration among industry players to ensure growth and prosperity. It also highlights the critical role of maritime centres in driving local economies and contributing to global prosperity. (pb)