Singapore Retains Top Spot in Shipping Development Index

The index covers 43 of the world’s largest ports and cities. Singapore maintains its leading position for the 5th consecutive year due to the strategic opportunities brought about by the “Belt and Road” initiative. Hong Kong overtook London to take 2nd place. Shanghai moved up to 4th place due to its rapidly developing modern shipping logistics and shipping services systems. Tokyo held 9th position, while Busan returned to the top 10 because of its strategy of vigorously developing its transhipment ports.

Hamburg dropped to 7th position and Rotterdam jumped to 6th due to improved operating efficiency, with new technology applications such as the internet of things, big data, and artificial intelligence, as well as smart port construction. Dubai maintained 5th in the rankings, driven by its innovative free-trade zone and improvement in trade environment, while New York dropped to 7th.

The report also provides a supplementary ranking, grading cities based solely on the breadth and depth of their maritime services sector, covering shipbroking, engineering, shipping business, legal, shipping finance service and ship repair services. The top 10 port cities with the best professional shipping services are: London, Singapore, Hong Kong, Shanghai, Dubai, Athens, Hamburg, New York-New Jersey, Tokyo, and Houston.
(MarEx)