Singapore retains top maritime capital spot
The Leading Maritime Capitals 2019 report has been released, showing that Singapore has maintained its position as leader.
Fifteen capitals were assessed under criteria put together by Menon Economics and DNV GL which include soft and hard infrastructure and access to world-class talent and services.
“Singapore’s continuous effort to strengthen its attractiveness as an international maritime centre has been well received by the industry,” said Shahrin Osman, regional head of maritime advisory at DNV GL.
“The strong results on both the objective indicators and expert assessments indicate its relevance as a critical node within the maritime sector regionally and globally,” he added.
Despite a somewhat weak trade cycle in traditional shipping and offshore oil and gas markets yet to recover, Singapore was able to retain its lead in three of the five pillars of the ranking - shipping, ports and logistics as well as attractiveness and competitiveness.
In the two remaining pillars, London is number one in maritime finance and law, while Oslo is number one in maritime technology. On the overall ranking, Hamburg remains in the number two spot, while Oslo drops from third to seventh. Rotterdam and Hong Kong show the biggest improvement, climbing to third and fourth respectively, with London rounding out the top five and Shanghai at number six.
Asked to look five years into the future, the experts foresee Singapore retaining its top position, but with stronger competition from Shanghai, and Dubai poised to climb into the top five overall by 2024. Hamburg, Rotterdam, London and Oslo are expected to stay strong in Europe.
LATEST PRESS RELEASES
Gloryholder has been awarded the contract to design and supply the LNG cargo handling and fuel gas s... Read more
DESMI Ocean Guard’s CompactClean Ballast Water Management System Receives US Coast Guard Type Approval
Aalborg, DK, April 17, 2019– DESMI Ocean Guard A/S is pleased to announce that its CompactClean Ball... Read more
DESMI KaziCat is a true Multi-Purpose Catamaran Vessel despite its compact size; just below 24 meter... Read more
When the UK’s Royal Navy realised that the water pumps for firefighting on a number of its vessels w... Read more
SINGAPORE, 28 March 2019: UBM (Seatrade) and the Singapore Maritime Foundation (SMF), in collaborati... Read more